Leaked financial docs show OpenAI is losing billions of dollars a year
Summary
Leaked financial documents show OpenAI’s revenue is growing fast, from $3.7 billion in 2024 to $13.07 billion in 2025. Despite this growth, OpenAI is spending even more, especially on research and development, leading to large yearly losses.Key Facts
- OpenAI’s revenue is expected to reach $13.07 billion in 2025, up from $3.7 billion in 2024.
- Research and development (R&D) costs rose from $7.81 billion in 2024 to $19.18 billion in 2025.
- OpenAI paid $10.59 billion in R&D costs to Microsoft alone in 2025.
- The cost of producing and delivering services increased from $2.65 billion in 2024 to $7.5 billion in 2025.
- Spending on sales and marketing grew from $1.11 billion to $5.73 billion between 2024 and 2025.
- OpenAI’s operating loss grew from $8.78 billion in 2024 to $20.92 billion in 2025.
- The reported net loss was about $5 billion in 2024 and nearly $39 billion in 2025, though $30 billion of 2025’s loss was a one-time accounting charge.
- OpenAI aims to be profitable by 2030 but will need to control costs and respond to market pressures.
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