OpenAI’s revenue run rate tops US$40 billion ahead of IPO

OpenAI's revenue run rate is expected to exceed $40 billion annually, based on its current performance. This represents a rough doubling of its run rate since the end of 2025, driven by AI coding tools, subscriptions, and advertising, according to people familiar with the matter and reported by the Financial Post and Quartz.

The company's growth has been rapid, with some describing it as one of the quickest growth stories in history. However, OpenAI faces increasing competition from rivals, including Chinese AI firms such as DeepSeek and Moonshot, as well as US companies like Anthropic, SpaceX, and Meta. According to Semafor, this competition has led OpenAI and Anthropic to release cheaper models.

OpenAI's financial performance is expected to support its plans for a Wall Street debut, potentially one of the biggest IPOs in history. The company, maker of ChatGPT, is gearing up for a market debut as early as this year, with its revenue growth bolstering its position, as reported by the Financial Post and Semafor.

Brief written by urgent.news from Financial Post, Quartz, Semafor, Bloomberg — 4 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.