OpenAI’s 2025 Finances: Losses Reach $38.5B After Corporate Shift
A self-published investigative piece claims OpenAI posted a 2025 net loss of about $38.5 billion on $13.07 billion in revenue and $34 billion in costs, attributing the swing to its nonprofit-to-for-profit conversion and fair-value adjustments; it also notes roughly $10.59 billion paid to Microsoft for R&D and $867 million from SoftBank, with year-end assets just over $50 billion, and promises further follow-up reporting.
