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OpenAI’s balance sheet remains the most mysterious—and consequential—in business | Fortune
A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough.
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natesnewsletter.substack.com
Executive Briefing: OpenAI filed to go public. The number that should change your AI budget isn't the $1 trillion.
Watch now | OpenAI, Anthropic, and xAI are heading to public markets with a story about scarce intelligence. But inside companies, the scarce thing may acbe the company structure…
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economictimes.indiatimes.com
OpenAI spending hit $34 billion last year ahead of planned IPO: Report - The Economic Times
Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sales and marketing, as well as…
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cryptobriefing.com
OpenAI spent $34B on R&D, sales, and marketing ahead of IPO: FT
OpenAI projected $34 billion in spending on R&D, sales, and marketing in 2025 as it prepares for a potential $1 trillion IPO filing with the SEC.
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the-decoder.com
OpenAI burned through $34 billion last year
OpenAI spent $34 billion in the past year, far more than the year before.
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fortune.com
OpenAI’s financials have leaked, showing $21 billion in losses against $13 billion in revenue | Fortune
Everything you need to know before you reach the office this morning.
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OpenAI 2025 financials leaked: $39B loss ahead of IPO
OpenAI's 2025 financials leak shows a $38.5 billion loss, lowering IPO odds; IPO by December 31, 2026 at 45.5% YES.
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arstechnica.com
Leaked financial docs show OpenAI is losing billions of dollars a year
Audited accounting shows growing revenues being dwarfed by R&D, other expenses.
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OpenAI's 2025 financials reveal $13B revenue, $34B costs ahead of planned IPO
OpenAI's audited 2025 financials show $13.07B revenue and $34B in costs, with a $20.92B operating loss as the company prepares for its planned 2026 IPO.
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OpenAI burned through $3.7B in a single quarter, and it's not even sweating
OpenAI burned $3.7 billion in Q1 2026 as both revenue and cash burn tripled year-over-year, but a $73 billion war chest keeps the AI giant spending
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benzinga.com
OpenAI Reportedly Torched $3.7 Billion In Q1, Lost $39 Billion Last Year — Now It's Weighing A Price War
OpenAI reportedly spent $3.7 billion in Q1 2026 despite generating $5.7 billion in revenue as it ramped up AI investments ahead of IPO.
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thehindu.com
OpenAI burned $3.7 billion in first quarter of 2026: Report
Earlier this month, OpenAI said it had confidentially filed for a U.S. IPO
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thenextweb.com
OpenAI burned $3.7bn in the first quarter, The Information reports
OpenAI spent $3.7bn in Q1 2026, more than half its $5.7bn revenue, as both figures tripled year on year, per The Information. It holds $73bn in cash.
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OpenAI’s balance sheet remains the most mysterious—and consequential—in business | Fortune
A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough.
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techspot.com
OpenAI made $13 billion in 2025 and lost $21 billion doing it
Revenue growth has been dramatic. OpenAI generated $3.7 billion in revenue in 2024 before jumping to $13.07 billion in 2025. By the end of that year, monthly...