Overview

• OpenAI’s annual recurring revenue hit $10 billion in June, nearly doubling from $5.5 billion in December as consumer, enterprise and API subscriptions surged.
• The $10 billion figure excludes licensing revenue from Microsoft and large one-time deals, reflecting only recurring income from its own products.
• Despite the revenue milestone, OpenAI reported a roughly $5 billion loss last year driven by steep costs for AI training and staffing.
• Backed by a $40 billion funding round at a $300 billion valuation led by SoftBank, OpenAI supports 500 million weekly active users and 3 million paying business customers.
• The company plans major infrastructure investments, including a proposed $500 billion Stargate data center project, and is targeting $125 billion in revenue by 2029.