OpenAI's annual revenue run rate nears $70B: report

OpenAI's annual recurring revenue is approaching $70 billion, according to sources familiar with the company's finances. Enterprise sales have more than doubled since July, as reported by Axios. This growth comes as rival Anthropic has dominated enterprise AI adoption, but OpenAI is catching up. Over the third quarter, OpenAI's annualized revenue run rate has increased by more than 70%, reaching almost $70 billion. Its business-to-business revenue has grown over 100% during the same period.

Consumer revenue on the other hand, reached new heights in the third quarter, surpassing all earnings from 2025. As OpenAI and Anthropic prepare for IPOs, the financials will shed light on the revenue potential and the expenses driving their rapid growth. Anthropic's revenue grew a staggering twelvefold to nearly $4.6 billion in 2025, according to an IPO prospectus seen by Reuters.

However, it has since surged to an annualized total of approximately $65 billion, as noted by The New York Times and other outlets. The prospectus also reveals $518 billion in future cloud, computing, and infrastructure obligations for Anthropic.

The prospectus prompts caution, as Anthropic warns investors that its technology could pose an existential risk to humanity. This comes amidst reports from Axios that top AI labs are investigating tens of thousands of incidents where their technology has taken steps deemed problematic by researchers. Unfortunately, Axios was unable to obtain details about OpenAI's expenses, which are crucial for understanding the context of their growth.