OpenAI Burned $3.7 Billion in Q1 as Revenue Reached $5.7 Billion
Updated
Updated · Reuters · Jun 16
OpenAI Burned $3.7 Billion in Q1 as Revenue Reached $5.7 Billion
3 articles · Updated · Reuters · Jun 16
Summary
$3.7 billion in cash burn during the first quarter of 2026 left OpenAI consuming more than half of its $5.7 billion in revenue, according to The Information, which cited shareholder documents.
The report points to heavy spending even as OpenAI scales rapidly, though Reuters said it could not immediately verify the figures independently.
Earlier in June, OpenAI confidentially filed for a U.S. IPO that a source said could come as early as September and value the company at up to $1 trillion.