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OpenAI SEC filings Ahead of its expected public offering, newly released financial statements show the fast-growing company’s cash flow is on the rise.
Audited Financial Statements, findings by freelance journalist Ed Zitronshow OpenAI’s reported revenue growing from $3.7 billion in 2024 to $13.07 billion in 2025. The Financial Times, which saw the same articlesnotes that the company’s monthly revenue is expected to rise to nearly $2 billion by the end of 2025, meaning that revenue will continue to grow throughout the year.
R&D funding alone outstrips OpenAI’s rapidly growing revenue.
Credit: Ars Technica
R&D funding alone outstrips OpenAI’s rapidly growing revenue.
Credit: Ars Technica
But the fast-growing company’s revenue still pales in comparison to its biggest spenders. The total investment of OpenAI in the last two years went beyond research and development alone, which grew from a line of $ 7.81 billion in 2024 to a large amount of $ 19.18 billion in 2025. These figures seem to show the great investment made by OpenAI in training new models and include $ 10.59 billion in R&D money paid to 202 Microsoft alone.
On top of that, the “cost of money” of OpenAI (ie, the money spent on the creation and distribution of goods) increased from $ 2.65 billion in 2024 to $ 7.5 billion in 2025. This price line can show the calculation costs that were spent on the “show time” when the company’s models respond to the increased number of users. Costs related to sales and marketing also increased from $1.11 billion in 2024 to $5.73 billion in 2025.
The loss of the OpenAI project is decreasing as the revenue increases, but there is a long way to go before it becomes profitable.
Credit: Ars Technica
The loss of the OpenAI project is decreasing as the revenue increases, but there is a long way to go before it becomes profitable.
Credit: Ars Technica
All told, “OpenAI’s daily loss” rose from $8.78 billion in 2024 to $20.92 billion in 2025, according to the company’s forecast. is telling investors it expects to be profitable by 2030. But when measured as a percentage of the company’s earnings, the company’s losses grow slightly year-on-year, from 237 percent in 2024 to 160 percent in 2025.
