Leaked Documents Reveal OpenAI Loses Billions Annually as Expenses Outpace Surging Revenue

OpenAI's leaked audited financial statements show revenue grew from $3.7 billion in 2024 to $13.07 billion in 2025, with monthly revenue nearing $2 billion by year-end. However, research and development costs alone exceeded total revenue, rising from $7.81 billion to $19.18 billion, including $10.59 billion paid to Microsoft in 2025. The company continues to lose billions of dollars each year as expenses overwhelm its rapidly growing income.