OpenAI Revenue Run Rate Surpasses $40 Billion as IPO Plans Take Shape
OpenAI’s annualized revenue has climbed above $40 billion, roughly doubling from the end of 2025 as the artificial intelligence company builds momentum ahead of a potential initial public offering.
The ChatGPT maker is on pace to generate more than $40 billion in annual revenue based on its current performance, Bloomberg reported, citing people familiar with the privately held company’s financial results.
Revenue growth has accelerated in recent months, fueled by OpenAI’s AI coding products, subscriptions and an emerging advertising business. The company’s core consumer operation also continues to expand.
OpenAI Chief Financial Officer Sarah Friar previously said the company finished 2025 with more than $20 billion in annualized revenue, meaning its current run rate represents a significant increase in less than a year.
The latest figures come as OpenAI prepares for a possible Wall Street debut and competes aggressively with Anthropic for corporate AI customers. Both companies have reportedly filed confidential paperwork to go public.
Anthropic said in May that its own annualized revenue had surpassed $47 billion, although differences in how the companies calculate run-rate revenue may make direct comparisons difficult.
OpenAI’s growth has also been supported by rising adoption of its AI agents and workplace products. Demand has increased for Codex, its coding agent, and ChatGPT Work, which is designed to handle a broader range of business tasks.
The company has simultaneously lowered prices on some AI models as it competes with Anthropic and lower-cost offerings from Chinese AI developers.
OpenAI co-founder and President Greg Brockman told employees this week that the company’s annual revenue run rate increased more than 20% month over month in July, according to Bloomberg.
The growth comes alongside changes to OpenAI’s commercial leadership. The company on Thursday named a new chief revenue officer, its second appointment to the position in less than a year, as it looks to accelerate enterprise sales.
OpenAI’s expanding revenue base could become an important factor in its IPO ambitions as investors weigh the enormous costs of developing and operating advanced AI systems against the rapidly growing demand for the company’s products.
