ChainThink report, March 5: According to TheInformation, as of the end of February 2026, OpenAI’s annualized revenue has surpassed $25 billion.

OpenAI’s Chief Financial Officer Sarah Friar confirmed in January 2026 via the company’s official blog and multiple media reports that OpenAI’s annualized revenue exceeded $20 billion in 2025, representing a growth of approximately 230% compared to $6 billion in 2024. However, subsequent public investor disclosures indicate that OpenAI’s actual full-year revenue for 2025 was approximately $13.1 billion—above the company’s initial target of $10 billion but below the peak annualized projection of $20 billion. After rapid growth in the first half of 2025, OpenAI experienced a slowdown in momentum during the second half. Media outlets such as CNBC estimated its mid-year annualized revenue at roughly $10–13 billion, with year-end annualized revenue reaching about $5.5 billion.

In contrast, OpenAI’s direct competitor Anthropic reported mid-2025 annualized revenue of approximately $4 billion, which surged to around $9 billion by year-end, driven by enterprise client adoption and explosive growth in products like Claude Code. As of early March this year, Anthropic’s latest annualized revenue has exceeded $19 billion. Currently, Claude Code’s run rate surpasses $2.5 billion, serving over 500 enterprise clients spending more than $1 million annually. The gap between Anthropic and OpenAI is rapidly narrowing.