OpenAI CFO Suggests Delaying IPO to 2027 Amid Slowing Growth and Financial Standards Gap

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OpenAI CFO Sarah Friar has suggested delaying the IPO to 2027, citing gaps in financial reporting. CEO Sam Altman favors a 2026 listing. ChatGPT’s user base reached 900 million by February 2026, falling short of the 1 billion target. Revenue stands at $25 billion, below Anthropic’s $30 billion. OpenAI is adjusting its computing investments to align with revenue. Inflation data and ecosystem growth remain key factors in the decision. IPO plans have not yet been formalized.

Odaily Planet Daily reports: OpenAI CFO Sarah Friar privately advised delaying the company’s IPO until 2027, citing that it has not yet met the financial reporting standards required of public companies, while CEO Sam Altman aims to move forward with the IPO as soon as the fourth quarter of 2026. According to sources familiar with the matter, the two are at odds over the timing of the listing.

Data shows that OpenAI's growth has slowed. ChatGPT's weekly active users increased from 800 million in December 2025 to 900 million in February 2026, falling short of the previously set target of 1 billion. Meanwhile, the company's annualized revenue is approximately $25 billion, while its competitor Anthropic has surpassed $30 billion. At the same time, OpenAI has adjusted its compute investment plans, with internal discussions ongoing regarding the alignment of future expenditures with revenue. Investment banks believe that the company that goes public first will gain a funding advantage in the industry; OpenAI has not yet initiated a formal IPO process.

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