Published • loading... • Updated
Leaked financial docs show OpenAI is losing billions of dollars a year
- OpenAI spent $34bn in 2025, more than two and a half times its revenue, as it prepares to file with the Securities and Exchange Commission for one of the largest public listings ever attempted.
- Revenue reached $13bn for the year, surpassing OpenAI's internal target of $10bn, yet remaining insufficient to offset the massive capital requirements for frontier artificial intelligence development.
- About $19bn went to research and development, while close to $6bn covered sales and marketing, with remaining expenditures spread across infrastructure and staffing required to run models at scale.
- Leaked financials reported by the Financial Times indicate a $39bn net loss for 2025, though the operating loss appears closer to $8bn when stripping out restructuring and non-cash charges.
- Backed by SoftBank and Nvidia, OpenAI closed a $122bn funding round at an $852bn valuation earlier this year and is now targeting an eventual public valuation of up to $1tn.
Insights by Ground AI
Podcasts & Opinions
31 Articles
31 Articles
Leaked financial docs show OpenAI is losing billions of dollars a year
As OpenAI files SEC paperwork ahead of an expected initial public stock offering, newly leaked financial documents show a company with quickly growing revenues that are currently being overwhelmed by even larger expenses. The audited financial statements, obtained by independent journalist Ed Zitron, show OpenAI's reported revenue growing from $3.7 billion in 2024 to $13.07 billion in 2025. The Financial Times, which reviewed the same documents,…
·New York, United States
Read Full Article
Father's Day SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources31
Leaning Left3Leaning Right1Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 27%
C 64%
Factuality
To view factuality data please Upgrade to Premium
