OpenAI Losses Increased Nearly 8X In 2025, With Spending Hitting $34 Billion (wheresyoured.at)
- Reference: 0183925338
- News link: https://slashdot.org/story/26/06/17/0554244/openai-losses-increased-nearly-8x-in-2025-with-spending-hitting-34-billion
- Source link: https://www.wheresyoured.at/exclusive-openai-financials/
> Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the [1]Financial Times , that OpenAI [2]lost around $38.5 billion in 2025 , as well as other crucial details about the financial condition of the company. [...] At the end of the year, OpenAI had just over $50 billion in assets, with almost half of that in cash. [...] The financial condition of OpenAI is deeply concerning. $38.53 billion in losses are astronomical, and far higher than most believed it would be. Losses also appear to be mounting year-over-year at a dramatic rate, and I'm not sure how this company finds a way toward any kind of sustainability or profitability. As discussed, I have not editorialized much today. I believe the best thing I can do for the general public is to deliver this news as plainly as possible.
Ars Technica's Kyle Orland offers a more editorial take, writing:
> All told, OpenAI's day-to-day "loss from operations" increased from $8.78 billion in 2024 to $20.92 billion in 2025, a concerning direction for a company that is telling investors it [3]hopes to be profitable by 2030 . But measured as a percentage of revenues, the company's operating losses slightly improved year to year, from 237 percent in 2024 to 160 percent in 2025.
>
> Operating numbers aside, OpenAI's headline "net loss" number of just over $5 billion in 2024 ballooned to nearly $39 billion in 2025. But the 2025 number includes a significant accounting charge related to investor valuations that shifted amid the company's 2025 conversion to a for-profit structure. The Financial Times cites "a person familiar with the matter" in reporting that this non-recurring charge was approximately $30 billion and that OpenAI's 2025 net loss amounted to a more reasonable-looking $8 billion without it.
[1] https://www.ft.com/content/e15b0d7e-ff6b-4f16-ba7a-4068feddb828?syn-25a6b1a6=1
[2] https://www.wheresyoured.at/exclusive-openai-financials/
[3] https://news.slashdot.org/story/25/11/26/1842249/openai-needs-at-least-207-billion-by-2030-just-to-keep-losing-money-hsbc-estimates
Good Luck With the IPO (Score:5, Funny)
Good luck with the IPO, this might put a damper on things.
Signed integer (Score:2)
well once they crossed 2 billion the signed integer representation made losses into profits
They want an IPO? (Score:2)
Oh, they're loosing *so* much less money this year than last... I find it mind-boggling that anyone in a back office hasn't attacked the CEO who wants to spend money on this, or had them committed.
They don't care (Score:2)
We have trillionaires now. Money has lost all meaning to the Epstein class.
AI how's the potential to free the ruling class from the peasantry once and for all. A World of machines doing all the work and the thinking for them. It's the ultimate answer to the question "but who's going to buy their products?".
I don't think folks know history enough. For thousands of years the elite and the ruling class were just born into it. Literally anointed by God. This thing where the elite and your rulers are a m
Re: (Score:2)
If you put as much effort into doing something productive as you do railing against capitalism, you could have money, too.
Re: (Score:2)
What BS: just be born as rich as Musk and with a little work you too can be just like him!
I've been on his yacht (Score:2)
He ain't poor. I mean, he's not that rich, he can only afford a helicopter for his service yacht and not his service yacht's service yacht, but he ain't poor.
Not enough (Score:2)
Normally, I'm not one to root for a company to go under, but I'll make an exception for this one. I hope their losses keep going up exponentially!
Will Sam make it to IPO ? (Score:2)
So, will Sam make it to IPO and cash out time before it all goes titsup ?
Let us all, on behalf of Open Source software and Non Profit companies everywhere, hope not.
Spending 3X your revenue (Score:3)
Spending more than your revenue with no answer to when it turns around is a recipe for a bubble.
Yet OpenAI is not the worst offender by a long shot.
ref: [1]Is AI Profitable Yet? [isaiprofitable.com]
[1] https://isaiprofitable.com/
The cost of force (Score:2)
So you have something that nobody is asking for (not in the way genAI is anyway), and you decide, of all things, rather than making a case for it, you force people to use it, in the hope they get addicted, think they can't do without it, and continue using it after you start pricing it at profitable levels.
This is the business model. Why are they not making a case for it? Why are they, instead, pretending it's something it isn't? Because nobody would take it seriously if they did the latter. The only way th