OpenAI's 2025 Financial Leak Shows $34B in Spending Against $13B Revenue, $17B Microsoft Cloud Bill
By
JP Alegre
Sesame, salt, and substance. A flagship bake.
Summary
OpenAI's leaked 2025 audited financial statements reveal the company generated $13.07 billion in revenue (more than triple 2024's $3.7 billion) but spent $34 billion, resulting in a massive operating loss. The documents, obtained by journalist Ed Zitron and verified by the Financial Times, show costs include $17 billion paid to Microsoft for cloud computing. Despite the losses, OpenAI has quietly filed for an IPO, asking investors to bet on a high-growth but deeply unprofitable business.
Key quotes
· 3 pulledOpenAI's 2025 financial statements have leaked — showing a company growing fast, spending faster, and moving toward a public offering that will ask investors to bet on a business losing more than it earns.
Revenue reached $13.07 billion in 2025 — more than triple the $3.7 billion OpenAI posted in 2024, and ahead of the company's own internal target of $10 billion.
Total costs and expenses reached $34 billion, producing an operating loss of...
You might also wanna read
Leaked OpenAI financials show $13.07B revenue, $38.5B loss in 2025 amid massive compute costs
Leaked audited financials from OpenAI, viewed by Ed Zitron and verified by the Financial Times, reveal the company generated $13.07B in reve
runtimewire.com·9h ago
OpenAI Revises Compute Spending Target to $600 Billion by 2030, Down from $1.4 Trillion
OpenAI has revised its spending expectations, telling investors it now targets approximately $600 billion in total compute spending by 2030,
cnbc.com·3mo ago
Analyst Predicts OpenAI Could Face Cash Shortage by Mid-2027 Due to High AI Investment Costs
An analyst predicts OpenAI could run out of cash by mid-2027, with projections showing the company burning through $8 billion in 2025 and $4
tomshardware.com·5mo ago
OpenAI Secures $8 Billion Funding Round, Valued at $300 Billion
OpenAI has secured over $8 billion in its latest funding round, with notable investors like Dragoneer and Blackstone participating. The fund
nytimes.com·10mo ago
Microsoft Criticized for Lack of Transparency in OpenAI Financial Reporting
Microsoft faces criticism for lack of transparency regarding its financial relationship with OpenAI. According to The Wall Street Journal, M
theverge.com·7mo agoOpenAI's High-Stakes Financial Moves: Stock-Based Acquisitions and Investments
OpenAI is making high-value acquisitions and investments using stock rather than cash, including a $6.5 billion stock deal for Jony Ive's ha