OpenAI pulled in $13.07 billion in revenue during 2025. It also managed to spend $34 billion doing it.
The audited financial figures, which surfaced through tech blogger Ed Zitron and the Financial Times, paint a portrait of a company growing at a blistering pace while hemorrhaging cash at an even faster clip. The operating loss for 2025 came in at $20.92 billion, more than double the $8.78 billion loss recorded in 2024.
Revenue nearly quadrupled year-over-year, jumping from $3.7 billion in 2024 to $13.07 billion. But the cost structure tells a very different story.
The numbers behind the burn
Total costs ballooned from $12.48 billion in 2024 to $34 billion in 2025. Research and development alone accounted for $19.18 billion of that figure, roughly 56% of all spending.
