💼 OpenAI's losses in 2025 grew nearly 8-fold, reaching $38.53 billion against total expenses of $34 billion.
At the same time, the company's revenue increased significantly—to $13.07 billion compared to $3.7 billion in 2024. The bulk of costs ($19.18 billion) was attributed to R&D, while payments to Microsoft amounted to $17.2 billion.
🌍 This demonstrates the colossal capital intensity of the AI arms race. The growth in expenses highlights that the current business model requires exponential revenue growth to achieve break-even.
👤 It shows the scale of costs for training and operating models. Despite the losses, the company maintains high liquidity with assets exceeding $50 billion.
Source 1: https://www.wheresyoured.at/exclusive-openai-financials/