OpenAI Revenue: Every Reported Milestone From $28M to a $40B+ Run Rate

OpenAI does not file financial statements. It is a private company, so every revenue figure you have ever seen for it was either reported by a journalist with sources or claimed by the company itself. With that caveat stated once and applying to every number below: Bloomberg reported on August 13, 2026 that OpenAI’s annualized revenue run rate had topped $40 billion, roughly double where it ended 2025. CFO Sarah Friar wrote in a January 2026 company blog post that annualized revenue crossed $20 billion in 2025, up from $6 billion in 2024. And the most recent full calendar year with document-level backing is 2024: $3.7 billion in revenue against roughly $5 billion in losses, according to internal documents The New York Times reviewed in September 2024, figures CNBC also reported on September 27, 2024.

OpenAI revenue, year by year: who reported what

OpenAI’s numbers surface three ways: leaked investor documents, statements from executives, and reporting by outlets with sources inside its fundraises — mostly The Information, Reuters, the Financial Times, The New York Times, Bloomberg and CNBC. The table is every figure we could pin to a date and a source. Watch the units: some rows are calendar-year revenue, some are annualized run rates, and they are not interchangeable.

The two late-2023 rows disagree ($1.6B vs. $2B+) because they are snapshots taken weeks apart of a run rate that was compounding monthly — both can be right.

The December 2022 row is worth a pause: Reuters’ sources had OpenAI pitching investors on $1 billion by 2024. The company beat its own pitch by roughly 4x. Projections and achievements are different animals, though — which is why every row above says which one it is.

Run rate versus revenue: why $3.7B and $6B are both “2024”

You will see OpenAI’s 2024 quoted as $3.7 billion in one article and $6 billion in another. Both trace to real sources. The $3.7 billion is calendar-year revenue — everything booked January through December 2024, per the documents The New York Times saw. The ~$6 billion is the annualized run rate as the company exited December: Friar’s January 2026 post used “up from $6 billion in 2024,” and CNBC’s June 2025 story said “around $5.5 billion last year.”

The arithmetic closes. Those same documents put August 2024 revenue at $300 million — $3.6 billion annualized — in a year that started far slower. A company growing that fast books a full-year total well below its December pace, so $3.7 billion for the year and roughly $6 billion exiting it are consistent, not contradictory.

Where the money comes from

Consumer subscriptions carry the business. The September 2024 documents had ChatGPT contributing about $2.7 billion of 2024’s expected $3.7 billion — roughly 73% — which cross-checks the “over 70% from consumer subscriptions” figure that circulated at the time. When OpenAI confirmed $10 billion ARR in June 2025, it said the figure spanned consumer products, ChatGPT business tiers and the API, and explicitly excluded Microsoft licensing revenue and large one-off deals; the company also cited 500 million weekly active users and 3 million paying business customers. By August 2026, Bloomberg attributed the acceleration to coding products, continued subscription growth and a nascent advertising business — OpenAI began showing ads in ChatGPT to some US users after Friar’s January 2026 post flagged the move.

The losses are the strategy

The old framing of this article — how does a company that spends more than it earns rack up billions — still holds, with better numbers. The 2024 documents showed roughly $5 billion in losses (excluding stock-based compensation) on $3.7 billion of revenue, driven by compute. Friar’s January 2026 post made the mechanism explicit: OpenAI’s computing capacity grew from 0.6 gigawatts in 2024 to 1.9 gigawatts in 2025, and revenue tracked capacity. The company has never claimed profitability; it has claimed, repeatedly, that compute spend is what the fundraising below pays for.

Funding: from a $1B Microsoft check to a $122B round

A correction on our own record: an earlier version of this article claimed “around $6 billion in funding to date” in one section and a $14 billion Microsoft commitment in another. Neither survives contact with the table above — GetLatka’s OpenAI page now counts $138.4 billion raised across six rounds.

Where GetLatka’s database and the press disagree

House rule: when our database and the public record diverge, we say so on the page.

• GetLatka’s company page (last updated July 3, 2026) carries $20B as its 2026 revenue estimate. That was current at the June update but is now behind Bloomberg’s August 13, 2026 report of a $40B+ run rate. Treat the page’s figure as trailing, not wrong — it matches Friar’s end-of-2025 number.
• The page’s milestone table dates $200M revenue to January 2022 and $28M to January 2021. Press reporting puts ~$28M in 2022 (The Information) and $200M as the 2023 projection Reuters reported in December 2022 — the table’s early rows look shifted a year early. Flagged for correction.
• The page lists $4.1B at September 2024, above the $3.7B calendar-2024 figure in the NYT documents. A September run-rate snapshot could plausibly sit there, but we cannot source $4.1B to a named outlet.
• The page counts 2M customers at a $10K average contract — arithmetic that produces exactly its $20B estimate, so read the ACV as derived, not observed. OpenAI’s own claimed count was 3 million paying business customers as of June 2025, plus consumer subscribers it does not break out.

What settles all of this is the thing OpenAI has never done: file audited numbers. Bloomberg’s August 2026 reporting framed the $40B run rate as arriving “ahead of an IPO.” If that filing ever lands, this page gets its first row that isn’t somebody’s report.