Leaked Financial Documents Show OpenAI Losing Billions Despite Revenue Growth

OpenAI's leaked audited financial statements reveal that the company's revenue surged from $3.7 billion in 2024 to $13.07 billion in 2025, with monthly revenue approaching $2 billion by year-end. However, research and development costs alone outpaced total revenue, rising from $7.81 billion to $19.18 billion over the same period, including $10.59 billion paid to Microsoft. The documents, obtained by journalist Ed Zitron and reviewed by the Financial Times, indicate OpenAI continues to lose billions annually as expenses far exceed its rapidly growing income.