Ed Zitron Pried Open OpenAI's Books and Found a $38.5 Billion Hole
Zitron's leaked documents show OpenAI lost about $38.5 billion in 2025 against $13.07 billion in revenue, with the Financial Times verifying the figures.
Ed Zitron got hold of OpenAI’s financial documents and found the company torched roughly $38.5 billion in 2025, a monstrous jump from the $5.09 billion it burned in 2024. The Financial Times verified the numbers and shrugged, pegging the loss closer to $8 billion once you wave away the one-time costs, which is the kind of accounting magic that turns an inferno into a campfire. OpenAI pulled in $13.07 billion in revenue and shoveled $17.2 billion straight to Microsoft, then filed confidentially for an IPO that could value the whole bonfire at a trillion dollars. Sam Altman calls the strategy growth, and the leaked books call it a hemorrhage. Gizmodo on the leaked OpenAI numbers
Source: Gizmodo, AJ Dellinger · AJ Dellinger
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