OpenAI’s Revenue Run Rate Tops $40 Billion Ahead of IPO
OpenAI is now on track to generate more than $40 billion in annualized revenue, nearly doubling its run rate from the end of 2025, according to anonymous sources cited by Bloomberg. The surge is attributed to growth in AI coding software, subscriptions, and early advertising. The financial momentum strengthens OpenAI's case for a highly anticipated IPO, yet the company is simultaneously replacing its chief revenue officer, Denise Dresser, with Dali Rajic, formerly COO of Alphabet's Wiz, after less than a year in the role. Reports indicate this is the second major executive exit in days, adding a note of instability to the revenue story. While the revenue milestone validates massive enterprise adoption of AI, leadership churn raises questions about consistency in commercialization strategy as OpenAI prepares for public markets.
OpenAI’s Revenue Run Rate Tops $40 Billion Ahead of IPO
OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company’s plans for a Wall Street debut. The ChatGPT maker’s revenue has accelerated in recent months, driven in part by the growth of its AI coding software, said the people, who spoke on condition of anonymity as the information is not public.
Key takeaway
OpenAI's $40B revenue run rate makes profitability a credible near-term narrative, but abrupt CRO turnover suggests the commercial engine lacks stable leadership ahead of its IPO.
What happened
According to Bloomberg, OpenAI is on track to generate annualized revenue exceeding $40 billion, roughly doubling its run rate from the end of 2025, based on its current performance, as reported by people familiar with the matter. The acceleration is attributed partly to growth in AI coding software, as well as subscription sales and a nascent advertising business.
Separately, OpenAI is replacing its chief revenue officer, Denise Dresser, with Dali Rajic, the COO of Alphabet's Wiz, after Dresser was hired in December 2025 and will soon leave, according to Techmeme and Bloomberg reports. CNBC describes this as the second major executive departure in days, highlighting leadership churn as the company prepares for a Wall Street debut.
Evidence
OpenAI's annualized revenue run rate is on track to exceed $40 billion, roughly doubling from the end of 2025.
Bloomberg Technology · attributed
OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company's plans for a Wall Street debut.
OpenAI is replacing Chief Revenue Officer Denise Dresser with Dali Rajic, COO of Alphabet's Wiz.
Techmeme · attributed
OpenAI hires Dali Rajic, COO of Alphabet's Wiz, as chief revenue officer, replacing ex-Slack CEO Denise Dresser, who was hired in December 2025 and will leave
Denise Dresser's departure is the second major executive exit in days.
CNBC AI · attributed
OpenAI loses revenue chief Denise Dresser, second major executive departure in days
Why it matters
For builders and investors, this signals that AI's value is now measured by sales execution and enterprise contracts, not just model capability, potentially shifting how AI products are priced and sold.
Limits and uncertainties
The $40 billion revenue figure is based on anonymous sources and not official OpenAI guidance, so it may not reflect audited numbers.
Details of the executive changes rely on unnamed company insiders and media reports, and the exact timing and reasons for the CRO departure are not fully disclosed.
Practical implications
Builders should watch for potential pricing or enterprise offering changes as new CRO Dali Rajic, with a cybersecurity sales background, likely pushes for more structured go-to-market strategies.
The leadership churn may lead to temporary disruptions in OpenAI's commercial operations, affecting API terms or enterprise contract negotiations.
What to watch
Whether OpenAI discloses official revenue figures in its IPO filing or public statements.
How Dali Rajic's enterprise sales approach changes OpenAI's pricing and partnership strategy, especially for large enterprises.
