ChainThink reports that, according to The Information, as of the end of February 2026, OpenAI's annualized revenue exceeded $25 billion.
OpenAI’s CFO, Sarah Friar, confirmed in an official blog post in January 2026 and multiple media reports that the company’s annualized revenue for 2025 had exceeded $20 billion, representing approximately a 230% increase from $6 billion in 2024. However, subsequent public investor disclosures indicate that OpenAI’s actual full-year revenue for 2025 was approximately $13.1 billion—above the company’s initial target of $10 billion but below the peak annualized estimate of $20 billion. After experiencing rapid growth in the first half of 2025, OpenAI saw a slowdown in the second half. Media outlets such as CNBC estimated that its annualized revenue in mid-year was around $10–13 billion, declining to approximately $5.5 billion by year-end.
In contrast, Anthropic, OpenAI’s direct competitor, saw its annualized revenue reach approximately $4 billion by mid-2025 and surged rapidly to about $9 billion by year-end, driven by strong enterprise adoption and products like Claude Code. As of early March this year, the latest annualized revenue has exceeded $19 billion. Claude Code alone is now generating over $2.5 billion annually and serves more than 500 customers spending over $1 million per year. The gap between Anthropic and OpenAI is narrowing.