Big Tech News

The latest big tech stories, each synthesized from multiple sources with added background and context.

Oracle Executives' $988M Stock Options Wiped Out by Fiscal 2026 Crash

Oracle granted nearly $1 billion in stock options to co-founder Larry Ellison and new co-CEOs Clay Magouyrk and Mike Sicilia in fiscal 2026, but all awards are now underwater due to a 53% stock decline. While cloud revenue surged 39% to $34 billion, heavy capital spending on AI data centers led to negative free cash flow and record debt insurance costs. New CFO Hilary Maxson fared better by choosing restricted stock units over options, whereas Ellison and the co-CEOs received cash bonuses despite their equity losses.

13 days ago•Source: Fortune

OpenAI posts $21B loss on $13B revenue as IPO looms

big-tech

48.305 min•3 months ago

OpenAI posts $21B loss on $13B revenue as IPO looms

Fortune reports OpenAI's 2025 financials show a $21 billion operating loss on roughly $13 billion in revenue, driven by costs of $34 billion (R&D $19.18B, COGS $7.5B, S&M $5.73B, G&A $1.57B). Loss from operations was $20.92B, though the loss ratio improved to about $1.60 in expenses per dollar of revenue in 2025 from $2.37 in 2024. With the company planning an IPO, executives might pursue revenue growth or price increases while potentially trimming R&D and marketing—though cutting R&D risks eroding AI leadership. The figures come from leaked copies obtained by Ed Zitron and the Financial Times and are a preview of what the S-1 might reveal.

via Fortune