Leaked Financial Documents Reveal OpenAI Losing Billions Annually Despite Surging Revenue

Audited financial statements leaked ahead of OpenAI’s expected IPO show the company generated $3.7 billion in revenue in 2024 and $13.07 billion in 2025, with monthly revenue approaching $2 billion by the end of 2025. However, expenses—particularly research and development—far outpaced income, with R&D costs alone reaching $7.81 billion in 2024 and $19.18 billion in 2025, including $10.59 billion paid to Microsoft. These figures indicate continued billions-dollar annual losses for the AI firm.