OpenAI told employees that annualized recurring revenue (ARR) in July surpassed the company’s entire second quarter, according to a partial internal transcript reviewed by CNBC.
Chief Financial Officer Sarah Friar shared the figure on Wednesday alongside board chair Bret Taylor.
OpenAI Says July Annualized Revenue Outpaced the Entire Second Quarter
Friar and Taylor credited the GPT-5.6 model series, enterprise agent ChatGPT Work, and the rising adoption of the Codex coding tool.
“And Q2 was no slouch,” she said.
Speaking to employees, Taylor said Anthropic entered the year with strong momentum. He conceded that OpenAI had been playing catch-up in coding but noted that Codex’s expansion has been encouraging.
“You’re seeing people who went deep on Claude Code, ended up with a very high bill, and started looking for an alternative,” Taylor stated.
The report did not disclose any absolute revenue figure. Nonetheless, earlier disclosures give some sense of the firm’s revenue scale.
The Information highlighted that OpenAI’s annualized revenue topped $25 billion at the end of February, citing a person familiar with the figure.
The same outlet reported in June that OpenAI burned $3.7 billion in the first quarter, against $5.7 billion in revenue.
Now, the latest internal message follows April reporting that OpenAI missed internal revenue and weekly active user targets.
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Microsoft, Meta, Alphabet, and Amazon Report Quarterly Results
Meanwhile, OpenAI’s reported revenue growth arrives as several of the largest AI spenders publish quarterly results.
Microsoft closed its fiscal fourth quarter on June 30 with revenue of $90.0 billion, up 18%. Operating income also climbed 18% to $40.6 billion.
Meta reported revenue of $60.80 billion, beating the roughly $59.50 billion analysts expected, up 28% from a year earlier.
Alphabet reported last week $119.8 billion in second-quarter revenue, up 24%. Apple and Amazon publish results on Thursday.
OpenAI is not a public company, so it is not required to disclose quarterly figures. The company closed a record $122 billion round in March at a post-money valuation of $852 billion.
The firm has submitted a confidential S-1 registration statement to the SEC in June. That filing was its first formal step toward an initial public offering (IPO).
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