OpenAI Revenue Run Rate Tops $40B as Company Files Confidential IPO Paperwork

Key Facts

In a move reflecting the explosive growth of the generative AI sector, OpenAI's annualized revenue run rate has reportedly surpassed the $40 billion mark. According to reports, this figure represents a doubling of the rate recorded at the end of 2025, signaling a significant acceleration in business momentum. Alongside this financial milestone, the creator of ChatGPT has filed confidential paperwork for an initial public offering (IPO), paving the way for its debut on the stock market.

The surge in revenue is being driven by increased demand for AI coding software and subscription sales, complemented by a nascent advertising business and an expanding consumer division. Per market data, OpenAI is positioning itself against rivals such as Anthropic, which reported in May that its own revenue run rate had passed $47 billion, though calculation methods may vary. To maintain its edge, OpenAI has also implemented price cuts on certain models to compete with Chinese firms and other industry peers.

While specific price data is unavailable as the company remains unlisted, market participants are focused on the next stages of the IPO process. Investors are closely monitoring broader economic catalysts, including upcoming speeches from Federal Reserve officials such as Fed Hammack on August 10, 2026, which may influence market sentiment and the valuation environment for high-growth tech entities ahead of the listing.