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OpenAI's leaked financials show billions in losses despite revenue surge

By PulseAugur Editorial · [7 sources] ·

Leaked financial documents reveal that OpenAI experienced significant losses in 2024 and 2025, despite substantial revenue growth. In 2025, the company reported revenues of $13.07 billion, a substantial increase from $3.7 billion in 2024. However, expenses, particularly in research and development and cost of revenue, far outpaced this growth, leading to an operating loss of $20.92 billion in 2025. A significant portion of these costs includes payments to Microsoft for training and inference compute. OpenAI aims for profitability by 2030. AI

IMPACT Highlights the immense cost of frontier model development and operation, potentially impacting future investment and profitability timelines for AI labs.

RANK_REASON Leaked financial documents detailing significant operating losses and revenue growth for a major AI company.

Read on r/LocalLLaMA →

AI-generated summary · Google Gemini · from 7 sources. How we write summaries →

OpenAI's leaked financials show billions in losses despite revenue surge

COVERAGE [7]

  1. Ars Technica — AI TIER_1 English(EN) · Kyle Orland ·

    Leaked financial docs show OpenAI is losing billions of dollars a year

    Audited accounting shows growing revenues being dwarfed by R&D, other expenses.

  2. Fortune TIER_1 English(EN) · Jim Edwards ·

    OpenAI’s financials have leaked, showing $21 billion in losses against $13 billion in revenue

    Everything you need to know before you reach the office this morning.

  3. r/LocalLLaMA TIER_1 English(EN) · /u/johnnyApplePRNG ·

    Leaked financial docs show OpenAI is losing billions of dollars a year

    <table> <tr><td> <a href="https://www.reddit.com/r/LocalLLaMA/comments/1u8tcob/leaked_financial_docs_show_openai_is_losing/"> <img alt="Leaked financial docs show OpenAI is losing billions of dollars a year" src="https://external-preview.redd.it/bu8oC3sHqFnYrG7z9phMNBW7H4Upyo0fhI…

  4. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    Leaked financial documents reveal OpenAI lost 20.9 billion USD in 2025, more than double the 8.8 billion USD loss in 2024, despite revenue growing to 13.07 bill

    Leaked financial documents reveal OpenAI lost 20.9 billion USD in 2025, more than double the 8.8 billion USD loss in 2024, despite revenue growing to 13.07 billion USD. R&D costs alone reached 19.18 billion USD, including 10.59 billion USD paid to Microsoft. The company hopes to …

    LINKS arstechnica.com/…/leaked-financial-docs-s…
  5. Mastodon — mastodon.social TIER_1 日本語(JA) · [email protected] ·

    Leaked financial documents reveal OpenAI is losing trillions of yen annually

    OpenAIは年間数兆円規模の損失を出していることが流出した財務文書で明らかに https:// fed.brid.gy/r/https://gigazine .net/news/20260618-openai-financial-docs/

  6. r/OpenAI TIER_2 English(EN) · /u/ThereWas ·

    Leaked financial docs show OpenAI is losing billions of dollars a year

    <table> <tr><td> <a href="https://www.reddit.com/r/OpenAI/comments/1ua3w1o/leaked_financial_docs_show_openai_is_losing/"> <img alt="Leaked financial docs show OpenAI is losing billions of dollars a year" src="https://external-preview.redd.it/bu8oC3sHqFnYrG7z9phMNBW7H4Upyo0fhIMw_5…

  7. r/OpenAI TIER_2 English(EN) · /u/Gullible-Tale9114 ·

    openai's leaked 2025 financials: $13b revenue, $38b in losses

    <!-- SC_OFF --><div class="md"><p>audited 2025 numbers for OpenAi just dropped via ed zitron, reportedly verified by the financial times. zitron is a known openai bear so read with that in mind, but the figures themselves are worth sitting with.</p> <p>revenue $13.07b, up from $3…

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