OpenAI's meteoric rise continues as the company behind ChatGPT announced it has reached a $10 billion annualized revenue run rate as of June 2025, marking a significant financial milestone for the AI industry leader.
The revenue figure, which excludes licensing revenue from Microsoft and large one-time deals, represents an 82% increase from the $5.5 billion reported in December 2024. This growth trajectory puts OpenAI on track to achieve its projected revenue target of $12.7 billion for 2025, which it had previously shared with investors.
The company's expansion is fueled by rapid enterprise adoption of its AI technologies. OpenAI recently reported it has secured 3 million paying business customers across its ChatGPT Enterprise, Team, and Education offerings. According to OpenAI's Chief Operating Officer Brad Lightcap, the company is signing up approximately nine enterprises weekly and seeing adoption across various sectors, including highly regulated industries like financial services and healthcare.
Despite impressive revenue growth, OpenAI continues to operate at a significant loss as it invests heavily in AI development. The company reportedly lost about $5 billion in 2024 on $3.7 billion in revenue, highlighting the substantial costs associated with training and deploying advanced AI models.
In a strategic move to support its growing computational needs, OpenAI recently finalized a surprising cloud computing deal with Google, despite the companies being direct competitors in the AI space. This partnership, alongside existing infrastructure agreements with SoftBank, Oracle, and CoreWeave, reflects OpenAI's efforts to diversify its compute sources beyond Microsoft Azure, which had been its exclusive data center provider until January 2025.
With a current valuation of $300 billion following a record-breaking $40 billion funding round in March 2025, OpenAI has established itself as one of the world's most valuable private companies. The company's weekly active user base has expanded to 500 million as of March 2025, though only a small percentage are currently paying subscribers, suggesting significant potential for further monetization.