OpenAI's revenue run rate tops $40bn ahead of a public listing
Bloomberg reported on 13 August that OpenAI is tracking above $40bn in annualised revenue, roughly double its run rate at the end of 2025. The company also named Dali Rajic as its first Chief Revenue Officer the same day.
A doubling of run rate inside eight months is the number, and hiring a first Chief Revenue Officer on the same day is the tell. Both point at the same transition: from a company that sells to developers who find it, to one that sells to procurement departments that need to be called.
Above $40bn annualised, up from roughly half that at the end of 2025. For scale, that is a software revenue base assembled in under four years, against a cost structure that includes the largest compute commitments in the industry's history.
The listing context is what makes the CRO appointment more than a personnel note. Public markets price predictability, and a consumption-driven revenue base with heavy usage variance is a harder story to tell than an enterprise contract book with renewal rates. Building the second thing before the roadshow is the obvious move.
The pressure it sits against is equally clear: frontier-scale open weights are now downloadable, and competitors are holding prices flat through capability jumps. Doubling revenue while the price of the underlying commodity falls is the entire challenge of the next four quarters, and it is a challenge the run rate does not yet answer.
Bloomberg — OpenAI's Revenue Run Rate Tops $40 Billion Ahead of IPO → · OpenAI — OpenAI Newsroom — Company announcements →