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description: Audited financial documents, independently verified by the Financial Times, reveal OpenAI lost $38.5 billion in 2025, up dramatically from a $5.09 billion net...
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> ## Documentation Index
> Fetch the complete documentation index at: https://daily.dev/llms.txt
> Use this file to discover all available pages before exploring further.

# Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion

**[Where's Your Ed At](https://daily.dev/sources/wheresyoured)** · 5 min read · 80 upvotes · 13 comments

## Summary

Audited financial documents, independently verified by the Financial Times, reveal OpenAI lost $38.5 billion in 2025, up dramatically from a $5.09 billion net loss in 2024. Total costs and expenses reached $34 billion, driven by $19.18 billion in R&D and $7.5 billion in cost of revenue. A $41.55 billion charge related to OpenAI's nonprofit-to-for-profit conversion pushed the gross net loss to $60.35 billion before accounting adjustments. OpenAI paid Microsoft $17.2 billion in total expenses during 2025, with $10.59 billion attributed to R&D — likely model training costs. SoftBank paid OpenAI $867 million and Microsoft paid $303 million. At year-end, OpenAI held just over $50 billion in assets, with roughly half in cash.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.wheresyoured.at/exclusive-openai-financials>

## Community discussion

Top comments from developers on daily.dev.

**@joriswouters** · 5 upvotes

> ![GIF](https://static.klipy.com/ii/d7aec6f6f171607374b2065c836f92f4/0c/1c/YAbIK4Ju.gif)

**@starfallcodes** · 4 upvotes

> atp openai is a garbage bin for money, everything gets in. but nothing gets out

**@keen** · 3 upvotes

> I don't think they're doing good in Enterprise as with Anthropic i presume, i'm curious how Anthropic is in terms of financials

**@rickvian** · 1 upvotes

> Thanks, build as much stuff as you can before the party is over guys

**@hardik15** · 0 upvotes

> Both OpenAI and Anthropic have too much capital investments as AI is their core product and AI training and deployment of that at scale use almost infinite amount of resources any one has imagined.
>
>
> Maybe Anthropic is also join the same fortune if their mythos restriction continues.

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---

Tags: [#microsoft](https://daily.dev/tags/microsoft), [#openai](https://daily.dev/tags/openai), [#softbank](https://daily.dev/tags/softbank)

[View this post on daily.dev](https://daily.dev/posts/exclusive-openai-losses-increased-nearly-8x-in-2025-with-spending-hitting-34-billion-kcxu4bwml)

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