OpenAI Hits $25B Annualized Revenue with 900M+ Weekly Users, IPO Targeting Late 2026 — The Information

The Information / Yahoo Finance·medium signal

OpenAI's annualized revenue has surpassed $25 billion (up from $20B end-of-2025 and $6B in 2024), with 900M+ weekly active ChatGPT users and 50M+ paying subscribers. Goldman Sachs, JPMorgan, and Morgan Stanley are advising on a potential IPO filing in H2 2026 with a 2027 listing targeting up to $1 trillion valuation. However, profitability remains distant: OpenAI generated $13.1B revenue in 2025 but spent $22B, projects $14B losses in 2026, and doesn't expect profitability until 2030 — a gap the IPO and Anthropic's competing $900B round will force the market to price.