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OpenAI Reports $39 Billion 2025 Net Loss and Files Confidential IPO Papers
OpenAI posted a $39 billion net loss for 2025, up from $5 billion the prior year, as total spending reached $34 billion. The company filed confidential IPO documents around the same time.
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OpenAI recorded a net loss of about $39 billion for 2025, compared with a $5 billion net loss in 2024, according to audited figures cited by The Financial Times. Excluding restructuring charges and other non-cash items, the adjusted loss came to $8 billion. Total spending reached $34 billion during the year.
Research and development accounted for $19 billion of that amount, while sales, marketing, and other operating costs totaled nearly $6 billion. OpenAI filed confidential IPO documents in the period covered by the financial results. The Financial Times reported the 2025 numbers after reviewing the audited statements and confirming details with sources.
The company’s 2025 loss widened sharply from the previous year while spending on core operations and infrastructure grew to the levels described in the report.
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