OpenAI: 2025 Losses Hit $21B Ahead of IPO

OpenAI posted $13.07 billion in revenue against $34 billion in costs for 2025, according to audited financials reviewed by Ed Zitron. Only $867 million arrived from SoftBank and $303 million from Microsoft. The gap has shifted prediction markets from timing an OpenAI IPO to questioning whether one will happen at all, reviving scrutiny of OpenAI IPO plans and valuation history alongside fresh OpenAI 2025 financial losses revenue breakdown data.