OpenAI loses billions as costs outpace revenue growth

Leaked financial documents show OpenAI's revenue grew from $3.7 billion in 2024 to $13.07 billion in 2025, but operating losses widened from $8.78 billion to $20.92 billion. Research and development costs alone reached $19.18 billion in 2025, including $10.59 billion paid to Microsoft. The company hopes to be profitable by 2030.