LEAKED FINANCIAL DOCS SHOW OPENAI IS LOSING BILLIONS OF DOLLARS A YEAR

Summary from the TLDR newsletter

Audited financial statements obtained by an independent journalist show that OpenAI's reported revenue grew from $3.7 billion in 2024 to $13.07 billion in 2025. However, its expenses grew from $7.81 billion in 2024 to $19.18 billion in 2025. These numbers reflect the high costs OpenAI has incurred in training new models. The losses point to a concerning direction for a company that is telling investors that it hopes to be profitable by 2030.