OpenAI has disclosed its financial status for the first half of 2025 to its shareholders.
OpenAI Reports $4.3 Billion Revenue and $13.5 Billion Net Loss for First Half of 2025
This article is a translation. Read the Japanese original
Revenue amounted to $4.3 billion. Meanwhile, net loss reached $13.5 billion, more than half of which was attributed to the remeasurement of convertible bond rights.
Regarding the breakdown of expenses, research and development was the largest item at $6.7 billion. Sales and advertising expenses were $2 billion, an increase of approximately double the total for the full year of 2024. Stock-based compensation also nearly doubled compared to the same period last year, reaching $2.5 billion.
Operating loss stood at $7.8 billion. Cash burn was reported at $2.5 billion.
Based on existing agreements, OpenAI pays 20% of its revenue to Microsoft.
As of the end of June, cash and marketable securities were $17.5 billion, which includes an increase from $10 billion in newly raised funds. Furthermore, as of the end of July, the company is seeking an additional $30 billion in funding from investors.
In an ongoing tender offer, OpenAI's corporate entity is valued at approximately $500 billion.
Source: OpenAI's H1 2025: $4.3B in income, $13.5B in loss（HN 558pt・697コメント）（HN Search (backfill)、2025-10-03）