OpenAI Reports $38.5 Billion Loss in 2025 Amid IPO Plans

OpenAI reported a net loss of $38.5 billion in 2025, significantly higher than the previous year. The company attributes a large portion of this loss to a non-monetary accounting charge related to its transition to a for-profit entity, rather than operational issues. Despite the reported loss, OpenAI is proceeding with plans to go public and has seen substantial revenue growth.