OpenAI 2025 FİNANSLARI Halka arz öncesi 38,5 milyar $ zarar

Subscribe Subscribe Edition English Business News A.I. Technology Money & Markets Leadership Lifestyle Video Latest Get Quartz in your inbox Free daily briefing on global business news. Sign me up Switch to Dark Mode Menu Business News AirlinesAutomobilesFoodPharmaceuticalsPolitics & GovernmentRetail & EcommerceSpace & AerospaceEarnings Menu Technology A.I.ComputingConsumer TechSpace & AerospaceEarnings Menu Money & Markets Economic IndicatorsMarketsPersonal FinanceEarnings Menu Lifestyle Cars & BikesCollectingEntertainmentFood & Fine DiningHealth and FitnessReal EstateTravel A.I. OpenAI's leaked financials reveal soaring losses as it prepares to go public Audited documents show the company spent $34 billion last year against $13 billion in revenue, with losses mounting year over year By Cris Tolomia·2 min read·Updated July 3, 2026 Add QZ to Google SeongJoon Cho / Bloomberg via Getty Images OpenAI lost $38.5 billion in 2025, according to audited financial documents obtained by blogger Ed Zitron and independently verified by the Financial Times, as the company moves toward a public listing. The documents show revenue reached $13.07 billion in 2025, more than tripling from $3.7 billion in 2024. Total costs and expenses came to $34 billion, driven by $19.18 billion in research and development spending and $5.73 billion in sales and marketing. The operating loss for 2025 was $20.92 billion.

The net loss widened to $38.5 billion after accounting for charges related to OpenAI's conversion from a nonprofit to a for-profit entity, which produced a $41.55 billion loss tied to changes in the fair value of convertible interests and warrant liability. In 2024, OpenAI posted a net loss attributable to the company of $5.09 billion on $3.7 billion in revenue, with total costs and expenses of $12.48 billion. The 2025 documents also detail OpenAI's financial relationship with Microsoft$MSFT -2.04%. OpenAI paid Microsoft $10.59 billion for research and development expenses, $6.047 billion in cost-of-revenue charges, and additional amounts for sales, marketing, and administrative expenses, bringing total payments to Microsoft to $17.2 billion for the year. Microsoft, in turn, paid OpenAI $303 million in 2025. SoftBank paid OpenAI $867 million. At year end, OpenAI held just over $50 billion in assets, with roughly half in cash.