Leaked Financial Documents Show OpenAI's Revenue Growth Outpaced by Soaring Losses

OpenAI's leaked audited financial statements reveal 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 expenses alone hit $19.18 billion in 2025, exceeding total revenue and including $10.59 billion paid to Microsoft. The documents, obtained by journalist Ed Zitron and reviewed by the Financial Times, indicate the company continues to lose billions annually despite rapid revenue growth.