Artificial intelligence company OpenAI is on track to surpass $40 billion in annualized revenue based on its current operational pace, according to sources familiar with the matter cited by Bloomberg.
The projected figure represents roughly double the company's annual revenue run rate recorded at the end of 2025. The rapid financial expansion is strengthening plans at the ChatGPT developer for a potential initial public offering.
Revenue growth at the technology firm accelerated in recent months, driven in part by the development of artificial intelligence software designed for computer programming. Sales of user subscriptions and an expanding advertising division also contributed to the gain, alongside continued growth in the firm's core consumer business. OpenAI declined to comment on the financial figures.
To sustain sales growth, OpenAI appointed a cybersecurity executive as its new chief revenue officer on Thursday. The hire marks the company's second executive appointment to the role in less than a year. In an internal message addressing the appointment, OpenAI co-founder and president Greg Brockman stated that annualized revenue calculated at current run rates grew by more than 20 percent in July compared with June.
Enterprise demand and competitive pricing
Chief Financial Officer Sarah Friar previously disclosed that OpenAI closed 2025 with an annualized revenue run rate exceeding $20 billion. The company has seen a sharp surge in customer demand in recent weeks for its specialized AI agents, including the Codex programming tool and ChatGPT Work for broader enterprise tasks.
In response to market pressures, OpenAI has reduced prices on several of its artificial intelligence models. The price cuts are intended to help the startup retain cost-sensitive clients while competing against rival developer Anthropic and numerous artificial intelligence firms based in China.
Financial losses and political discussions
Despite rising revenue, OpenAI recorded a substantial increase in financial losses during 2025. The company's net loss expanded nearly eightfold over the course of the year, rising from $5 billion to approximately $39 billion as operational and computing expenses mounted.
The financial updates follow reports in July by the Financial Times that OpenAI executives discussed transferring a 5 percent equity stake to the United States government in an effort to satisfy demands from the administration of President Donald Trump.
Background on OpenAI and public listings
OpenAI is a San Francisco-based artificial intelligence research laboratory founded to develop advanced generative machine learning technologies. An initial public offering allows private technology companies to list shares on public stock exchanges, providing liquidity to early investors and access to public capital markets.
