OpenAI Reports Nearly $39 Billion Net Loss in 2025, Citing Accounting Charge
OpenAI recorded a net loss of approximately $38.5 billion in 2025, based on audited financial documents. This figure includes a substantial non-recurring accounting charge of about $30 billion related to investor valuations and the company's 2025 conversion to a for-profit structure. Without this charge, the net loss for 2025 would be closer to $8 billion, a significant increase from the over $5 billion net loss reported in 2024.
OpenAI reported a net loss of around $38.5 billion in 2025, according to audited financial documents. This figure was independently verified by the Financial Times, which cited a person familiar with the matter.
A significant portion of the 2025 net loss stems from a non-recurring accounting charge. This charge, estimated at approximately $30 billion, is linked to shifts in investor valuations following the company's conversion to a for-profit structure in 2025. Excluding this one-time charge, OpenAI's net loss for 2025 would be closer to $8 billion.
In comparison, OpenAI's net loss for 2024 was slightly over $5 billion. The company's "loss from operations" also increased, rising from $8.78 billion in 2024 to $20.92 billion in 2025. However, when measured as a percentage of revenues, operating losses showed a slight improvement, decreasing from 237 percent in 2024 to 160 percent in 2025.
At the end of 2025, OpenAI held just over $50 billion in assets, with nearly half of that amount in cash. The company aims for profitability by 2030, according to statements made to investors.
(Source: Slashdot, citing independent journalist Ed Zitron and Ars Technica)
