Warm deep drawability in a square cup drawing was investigated using a newly developed high-strength steel sheet with retained austenite that was transformed into martensite during formation. For this investigation, six different temperatures between room temperature and 250℃, and five different drawing ratios ranging from 2.2 to 2.6 were considered. The results showed that the maximum drawing force and the drawing depth were affected by the change in temperature, and a more stable thickness strain distribution was observed at elevated temperatures. However, blue shortness occurred at over 200℃. FEM analysis using the LS-DYNA code was used to compare the experimental results with the numerical results for the thickness strain distribution.