OpenAI Ahead of IPO: $40 Billion Run Rate and a New Sales Chief

OpenAI has passed an annualized revenue run rate of $40 billion, according to a Bloomberg report – roughly double the more-than-$20 billion figure CFO Sarah Friar cited for the end of 2025. In July alone, revenue reportedly grew more than 20 percent, as co-founder and president Greg Brockman announced.

Growth drivers include ChatGPT subscriptions, new advertising initiatives, the Codex coding agent and the enterprise offering ChatGPT Work. According to current reporting, more than one billion people now use ChatGPT weekly, and about two million business customers pay for the products.

The numbers land in a decisive phase: OpenAI confidentially filed its S-1 with the SEC in early June, at a valuation of $852 billion at the time, advised by Goldman Sachs and Morgan Stanley. There is still no confirmed date for the listing.

In parallel, OpenAI is reshuffling its leadership: Dali Rajic, previously president and COO at cybersecurity firm Wiz, becomes the new Chief Revenue Officer, replacing Denise Dresser after only about nine months. The move follows a broader shake-up – COO Brad Lightcap and “CEO of AGI deployment” Fidji Simo recently departed, while Brockman took on more operational responsibility.

Brockman explained the hire by saying the way OpenAI deploys its technology is changing rapidly – Rajic will “turn what we've learned into repeatable execution.” Observers read the step as a clear signal that enterprise sales is being professionalized ahead of the IPO.

For context: the run-rate figure comes from Bloomberg's reporting and was not published by OpenAI as an official financial statement. Analysts also caution that run-rate comparisons between AI firms are of limited value due to differing accounting methods.