OpenAI generated $5.7 billion in revenue in the first quarter of 2026 (January–March) while burning through $3.7 billion in cash, according to reporting based on an internal document shared with shareholders. That means it burned more than half of its revenue, putting fresh scrutiny on its path to profitability ahead of an IPO. The Information reported the figures on June 16, 2026, with outlets including Reuters following.
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