OpenAI CFO Sarah Friar tells employees that annualized revenue in July topped all of Q2
TLDR ● Covered by 4 sources
OpenAI CFO Sarah Friar told employees that the company's annualized recurring revenue in July exceeded all of Q2 2025, citing growth from GPT-5.6 models, a new enterprise agent ChatGPT Work, and its Codex AI coding tool. In March, The Information reported OpenAI had topped $25 billion in annualized revenue, and the company now faces competition from Anthropic, whose revenue run rate reached $47 billion in May, along with cheaper Chinese open-source alternatives. OpenAI is preparing for a potential IPO to justify its $852 billion valuation while planning $600 billion in total compute spending by 2030, supported by discussions with Nvidia for up to $250 billion in leasing agreements.
Why it matters
OpenAI's annualized recurring revenue in July exceeded the company's entire second quarter, driven by the release of GPT-5.6 models and ChatGPT Work as well as growing adoption of Codex.
