Leaked financial docs show OpenAI is losing billions of dollars a year
SMRTR summary
OpenAI's revenues nearly tripled from $3.7 billion to $13.07 billion in 2025, but expenses grew even faster. R&D costs alone hit $19.18 billion, pushing operating losses to $20.92 billion — more than double 2024's losses — raising serious questions about the company's goal of profitability by 2030.
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