OpenAI's Run Rate Tops $40 Billion Ahead of Its IPO
OpenAI's annualized revenue has passed $40 billion, Bloomberg reports — roughly double its rate at the end of 2025, as the company prepares to go public.
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At a glance
- Annualized run rate above $40 billion (Bloomberg)
- Roughly double the level at the end of 2025
- More than 20% month-over-month revenue growth in July
- Enterprise accounts for over 40% of revenue
- Confidential IPO paperwork has been filed
OpenAI's annualized revenue run rate has surpassed $40 billion, Bloomberg reported, citing people familiar with the company's performance. That is roughly double where the metric stood at the end of 2025 — with revenue growing more than 20 percent month-over-month in July alone.
Growth drivers reportedly include the coding business around Codex, subscription sales, the new advertising business, and the enterprise segment, which is said to account for more than 40 percent of revenue. The ChatGPT consumer business remains the foundation.
The numbers arrive at a strategically important moment: OpenAI has filed confidential paperwork for a public listing. Rival Anthropic is expected to reach the market first — potentially this fall — and reported a $47 billion run rate in May, though measurement methodologies between the companies may differ.
Internally, OpenAI is rebuilding its sales operation: in August it appointed its second chief revenue officer in under a year to accelerate the enterprise push.
Combined with the simultaneous API price cuts and the new Ultrafast tier, the picture is clear: ahead of the IPO, OpenAI wants to demonstrate growth and margin at once — scaling through volume while monetizing premium features.
FAQ
What does run rate mean?
It annualizes current monthly or quarterly revenue to a twelve-month figure. It signals business momentum but is not audited annual revenue.
When will OpenAI go public?
No date is public. OpenAI has filed confidential IPO paperwork; Anthropic is expected to list first, potentially in fall 2026.
Where is the growth coming from?
Per Bloomberg: the Codex coding business, subscriptions, the new advertising business, and the enterprise segment at over 40 percent of revenue.
