Leaked financial docs reveal OpenAI's billion-dollar losses

Newly leaked financial documents show OpenAI is experiencing significant revenue growth that struggles to keep pace with its massive spending, particularly in research and development. While the company's revenues increased dramatically from $3.7 billion in 2024 to $13.07 billion in 2025, its Research & Development expenses ballooned from $7.81 billion to $19.18 billion. These figures also indicate significant investments made by OpenAI to Microsoft for training new AI models, totaling $10.59 billion in 2025 alone.