{
  "video_id": "reddit_1u74l7i",
  "channel_slug": "OpenAI",
  "channel_handle": "r/OpenAI",
  "title": "openai's leaked 2025 financials: $13b revenue, $38b in losses",
  "url": "https://www.reddit.com/r/OpenAI/comments/1u74l7i/openais_leaked_2025_financials_13b_revenue_38b_in/",
  "external_url": null,
  "upload_date": "20260616",
  "published_at": "2026-06-16T05:29:59+00:00",
  "transcript": "audited 2025 numbers for OpenAi just dropped via ed zitron, reportedly verified by the financial times. zitron is a known openai bear so read with that in mind, but the figures themselves are worth sitting with.\n\nrevenue $13.07b, up from $3.7b in 2024. that's real growth, roughly tripling in a year.\n\nthe catch is everything else. total costs hit $34b. loss from operations was $20.92b. and the headline net loss attributable to OpenAi landed around $38.5b, up from $5.09b the year before.\n\none honest caveat before anyone screenshots that $38.5b. a large chunk is a one time accounting charge from the nonprofit to for profit conversion, a $41.55b fair value hit that isn't cash leaving the building. the number i'd actually watch is the $21b operating loss, because that's the business itself burning money.\n\nfor context, they paid microsoft about $10.6b just for the compute to train models, and $17.2b to microsoft in total.\n\nso the real question was never \"is openai losing money,\" everyone knew that. it's whether revenue growth can outrun a cost base that grew faster than revenue did this year.\n\n\n\n--- Top Comments ---\n\n\n[505 upvotes] OP, we all know an LLM wrote it. It's okay. You don't have to lowercase letters just to make it sound more like Reddit.\n\n[76 upvotes] https://preview.redd.it/8y8j9iun1l7h1.png?width=447&format=png&auto=webp&s=f111d3681f7f258e6629976a7e58ec8735c2dc2f\n\nThese are the numbers.\n\n\"OpenAI is left with a net loss of $60.35 billion (for 2025), which it lowered to $38.53 billion by removing $17.87 billion in costs via that “net loss attributable to noncontrolling members capital” and another $3.95 billion via a “net loss attributable to redeemable noncontrolling interests.”\n\n\"note that 2025 was the year that OpenAI converted from a non-profit to a for-profit entity, leading to a $41.55 billion loss due to changes in fair value of convertible interests and warrant liability.\"\n\nJust looking at the \"gross\" margin, it's 48%, up from 28% in 2024. But obviously, take that with a big grain of salt.\n\nIf you're an optimist, you could say that from 2024 to 2025 their revenue grew 250% and their operating costs (including everything) grew 170%.",
  "transcript_chars": 2183,
  "ingested_at": "2026-06-16T13:30:41.581900+00:00",
  "source": "reddit",
  "yt_meta": {
    "score": 493,
    "upvote_ratio": 0.83,
    "num_comments": 235,
    "author": "Gullible-Tale9114",
    "is_self": true
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}