OpenAI Reportedly Hits $40 Billion Run Rate While Its Revenue Chief Walks Out

OpenAI has reportedly reached a substantial $40 billion annualized revenue run rate, according to recent reports. This figure represents a significant leap from the $20 billion exit target previously set by management. The notable growth can be attributed to three primary drivers: ChatGPT subscriptions, AI coding software, and an emerging advertising business.

President Greg Brockman reported that revenue increased by over 20% in July alone, surpassing the entire second quarter of the year. Pricing adjustments in July, aimed at cost-conscious businesses, actually boosted enterprise demand rather than reducing revenue. Chief Financial Officer Sarah Friar had previously estimated the 2025 exit figure to exceed $20 billion.

However, the management is now targeting enterprise customers to contribute half of all revenue by year-end. OpenAI's Chief Revenue Officer, Denise Dresser, who joined the company in December 2025 from Slack, is set to depart in the coming weeks. Dresser's resignation is followed by Brad Lightcap's recent exit, as she was prepared to take on part of his operational responsibilities.

Additional departures include Fidji Simo, who stepped back for health reasons, and OpenAI's chief ethics officer, safety systems head, and mission alignment chief. Despite these leadership changes, OpenAI continues to advance its public listing preparations, having filed for an initial public offering and repurchased employee shares worth $7 billion.

The company could potentially list in October with a valuation surpassing $2 trillion. The impact of revenue momentum versus leadership churn will be crucial in determining how investors price OpenAI.