OpenAI has reportedly crossed $25 billion in annualized revenue and is now preparing for a possible IPO as early as late 2026, marking one of the fastest growth stories in the tech industry.
According to reports, the company’s annualized revenue reached $25 billion by February 2026, a massive jump from around $6 billion at the end of 2024. The growth has been driven mainly by strong demand for ChatGPT subscriptions and increasing adoption of OpenAI’s enterprise AI tools by businesses worldwide.
The company is reportedly working with major Wall Street firms including Goldman Sachs, JPMorgan Chase, and Morgan Stanley to prepare for the offering. OpenAI Chief Financial Officer Sarah Friar has reportedly told associates that the company is aiming for a regulatory filing in the second half of 2026, with a potential stock market debut in 2027.
Friar also said OpenAI plans to reserve part of the IPO shares for retail investors, saying the company should start operating more like a public company as it continues to expand.
Despite the explosive revenue growth, OpenAI is still losing large amounts of money because of the huge costs tied to AI infrastructure, research, and computing power. Reports suggest the company generated around $13.1 billion in revenue during 2025 but spent nearly $22 billion in the same period. Annual cash burn could reportedly rise to $57 billion by 2027, while profitability may not arrive until 2030.
The company’s recent restructuring into a public benefit corporation also removed a major obstacle that previously complicated any public listing plans. At the same time, rival AI company Anthropic is reportedly seeking another massive funding round, increasing competition in the fast-growing AI industry.
Analysts believe an eventual OpenAI IPO could become one of the biggest technology listings in history, potentially setting the benchmark for how investors value AI companies in the future.
