A Financial Times report says OpenAI told investors its annualized revenue is approaching $50 billion, below a prior $70 billion estimate.
OpenAI has told investors that its annualized revenue is approaching $50 billion, according to a Financial Times report cited by TechCrunch on October 8, 2026. That figure is about $20 billion below a roughly $70 billion estimate reported more than a week earlier. The $70 billion figure was based on information previously shared with investors, but the Financial Times said it reflected investors’ efforts to compare OpenAI’s revenue with Anthropic’s.
The figures are estimates of annualized revenue, not a reported annual financial result. The comparison also has a measurement caveat: Anthropic includes sales made by its cloud partners in its calculation, while OpenAI does not. As a result, the two companies’ reported run rates are not calculated on the same basis.
The revenue discussion comes amid substantial investment in OpenAI. The company raised $122 billion in a funding round in March, according to the TechCrunch report. Leaked financials for 2025, reported earlier in the year, showed about $13 billion in revenue and spending that was significantly higher. Those figures provide context for investor scrutiny, but they do not establish OpenAI’s current annualized revenue or future profitability.
The article also said a potential OpenAI IPO, previously rumored for 2026, had been pushed off until early 2027. TechCrunch said it had contacted OpenAI for comment; the article did not include a response. The revenue figure remains attributed to the Financial Times’ account of what OpenAI told investors, while the higher estimate was an earlier reported comparison rather than a directly comparable company calculation.