OpenAI hit $20 billion in revenue in 2025 and shared plans for 2026.
OpenAI is showing how data center spending converts into money. CFO Sarah Friar published a report officially confirming: the annual run rate broke $20 billion.
The trajectory is wild:
- 2023: $2B
- 2024: $6B
- 2025: $20B+
Key insight from the report: Friar showed a chart where revenue growth almost perfectly maps onto compute capacity growth.
- Available gigawatts grew 9.5x in two years (from 0.2 GW to 1.9 GW).
- Revenue grew 10x over the same period.
The thesis is simple: "More hardware = more money." The growth limiter right now isn't customer demand but the physical availability of chips and energy.
Plans for 2026: If 2025 was the year of infrastructure scaling, 2026 is declared the year of "Practical Adoption." Focus shifts to medicine, science, and enterprise — areas where AI should start delivering real value, not just writing text.