OpenAI's Leaked 2025 Financials Show a $38.5B Loss Ahead of IPO
u1hcw9nx · hn · 2026-09-07
Leaked financials reported by Quartz reveal OpenAI lost $38.5 billion in 2025 ahead of a planned IPO, with revenue figures also exposed. It's the clearest look yet at the company's burn rate going public, fueling heated HN discussion over whether its valuation and commercial model can hold up.
More from Venture
- Anthropic S-1: training infra edge cut per-task cost 40% and doubled revenue growth — BenBajarin · 2026-10-26
- Anti-AI content is algorithm gold and very profitable, quips commentator — annetgriffin · 2026-10-26
- SaaS hype is gone: the shift to AI-native services that sell outputs, not software — mitchdeg · 2026-10-26
- Anthropic S-1 takeaway: it's good to be a hyperscaler — matt_slotnick · 2026-10-26
- SpaceX S-1 cites $28.5T TAM; Anthropic points to $40T cognitive-labor market — annbordetsky · 2026-10-26
- Anthropic S-1 reveals how AWS, Google and Microsoft cloud deals drive Claude enterprise adoption — BenBajarin · 2026-10-26