OpenAI burned $3.7 billion in first quarter of 2026- The Information
OpenAI reported a $3.7 billion loss for the first quarter of 2026 despite generating $5.7 billion in revenue. Both spending and revenue tripled compared to the previous year. The company maintains $73 billion in cash.
What changed
New data shows revenue and spending tripled year on year and reveals the company's cash reserves.
Live updates
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OpenAI Burned $3.7 Billion in Q1 2026
confidence 90%OpenAI reported a $3.7 billion loss for the first quarter of 2026 despite generating $5.7 billion in revenue. Both spending and revenue tripled compared to the previous year. The company maintains $73 billion in cash.
What's confirmed:
- OpenAI burned $3.7 billion in the first quarter of 2026.
- The company generated $5.7 billion in revenue during the first quarter of 2026.
Still unconfirmed:
- OpenAI holds $73 billion in cash.
- OpenAI closed a funding round valuing the company at $852 billion.
- Year on year revenue and spending both tripled.
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OpenAI Reported $3.7 Billion Cash Burn in Q1 2026
confidence 90%OpenAI burned $3.7 billion in the first quarter of 2026. This amount represents more than half of the company's $5.7 billion in revenue for the period. The figures stem from documents shared with shareholders.
What's confirmed:
- OpenAI burned $3.7 billion in the first quarter of 2026.
- The company generated $5.7 billion in revenue during the first quarter of 2026.
- The reported cash burn exceeded half of the company's revenue.
Still unconfirmed:
- OpenAI has confidentially filed for a U.S. IPO.
- The cash burn was driven by massive AI infrastructure costs.
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OpenAI Q1 2026 Cash Burn Hits $3.7 Billion
confidence 90%OpenAI reported a $3.7 billion cash burn for the first quarter of 2026. The company generated $5.7 billion in revenue during the same period. Both revenue and spending grew roughly threefold compared to the previous year.
What's confirmed:
- OpenAI's revenue in the first quarter of 2026 was $5.7 billion.
- OpenAI spent $3.7 billion during the first quarter of 2026.
Still unconfirmed:
- Revenue and cash burn figures increased approximately threefold year-on-year.
- OpenAI disclosed these metrics in a document to shareholders.
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OpenAI Burned $3.7 Billion in First Quarter of 2026
confidence 90%OpenAI spent $3.7 billion in the first quarter of 2026 despite generating $5.7 billion in revenue. The company is managing high infrastructure costs and rising losses while preparing for a U.S. IPO. A $73 billion fund supports continued heavy spending.
What's confirmed:
- OpenAI burned $3.7 billion in the first quarter of 2026.
- The company generated $5.7 billion in revenue during the first quarter of 2026.
- OpenAI has confidentially filed for a U.S. IPO.
Still unconfirmed:
- OpenAI is targeting a $1 trillion valuation for its initial public offering.
- The company has a $73 billion war chest.
- OpenAI spending hit $34 billion last year.
- Leaked 2025 financials show a $38.5 billion loss.
- Leaked financials show $21 billion in losses against $13 billion in revenue.