OpenAI has reportedly surpassed $25 billion in annualized revenue as of last month.
The AI startup’s revenue has seen a significant 17% increase from the previous year’s $21.4 billion, according to The Information, on Thursday.
OpenAI is expanding into enterprise markets, partnering with major consulting firms to scale AI deployments, while facing growing competition from Anthropic and tech giants like Alphabet Google (NASDAQ:GOOG) (NASDAQ:GOOGL).
OpenAI did not immediately respond to Benzinga‘s request for comment.
Revenue Soars Despite Compute Costs
OpenAI’s annualized revenue crossed the $20 billion mark in 2025, marking a 233% increase from the previous year. This was a significant acceleration from the growth seen in the previous year, when revenue rose from $2 billion in 2023 to $6 billion in 2024.
However, OpenAI has also had to temper some of its more ambitious infrastructure plans. In February, the company informed investors that it now expects to spend approximately $600 billion on computing power through 2030. This adjustment was made to align its capital expenditures with expected revenue growth. The company projected total revenue of more than $280 billion by 2030.
Despite its impressive growth, OpenAI faces stiff competition. Anthropic, also poised for IPO, is targeting a nearly 180% revenue increase in a single year, putting pressure on the Sam Altman-led firm.
Funding Spree Ahead Of IPO
In February, global startup funding hit $189 billion on the back of OpenAI, which led the round with $110 billion, Anthropic at $30 billion, and Alphabet’s Waymo at $16 billion, which together accounted for 83% of total venture capital that month, Crunchbase reported.
Beside SoftBank Group Corp. (OTC: SFTBY), OpenAI received funding from Amazon.com Inc. (NASDAQ:AMZN) and Nvidia Corp. (NASDAQ:NVDA). On Wednesday, Nvidia CEO Jensen Huang stated that its $30 billion investment may be the last before OpenAI’s IPO later this year.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
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