OpenAI’s 2025 Net Loss Swelled to $38.5 Billion, Exposing Massive Spend
Audited documents show OpenAI spent $34 billion in 2025 and posted a net loss of $38.5 billion, up from $5.09 billion the year before. The loss includes a $41.55 billion write down from its nonprofit to for profit conversion, highlighting the scale of cash burn as the company gears toward an IPO.