OpenAI’s revenue run rate tops US$40 billion ahead of IPO

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Or sign-in if you have an account.The ChatGPT app by OpenAI is shown on a cell phone on March 03, 2026 in Chicago, Illinois. Photo by Scott Olson/Getty ImagesOpenAI is on track to generate annualized revenue of more than US$40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company’s plans for a Wall Street debut.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe ChatGPT maker’s revenue has accelerated in recent months, driven in part by the growth of its AI coding software, said the people, who spoke on condition of anonymity as the information is not public. The gains also reflect momentum from subscription sales and its nascent advertising business. Its core consumer business continues to grow, too.OpenAI declined to comment.Canada's best source for investing news, analysis and insight.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Investor will soon be in your inbox.We encountered an issue signing you up. Please try againOpenAI is locked in a fierce battle with longtime rival Anthropic PBC to sign up more business customers. Both firms have filed confidential paperwork to go public, with Anthropic expected to IPO as soon as this fall, ahead of OpenAI.Once viewed as the underdog, Anthropic has gained traction with AI tools that streamline complex tasks, including coding. Anthropic said in May that its run-rate revenue had crossed US$47 billion, though the two firms may not measure it the same way. A company’s run rate projects full-year revenue from a shorter period.On Thursday, OpenAI named its second new chief revenue officer in less than a year, tapping a cybersecurity executive to help drive sales growth.As part of an internal announcement for the hire, OpenAI co-founder and President Greg Brockman said the company’s annual revenue run rate increased more than 20 per cent month-over-month in July.Sarah Friar, OpenAI’s chief financial officer, previously said the company had ended last year with more than US$20 billion in annualized revenue.OpenAI has seen a sharp uptick in demand for its AI agents recent weeks, including Codex for coding and ChatGPT Work for a wider mix of tasks. The company has also cut prices on certain models to better compete for cost-conscious customers against Anthropic and a long list of Chinese rivals.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.