According to reports, OpenAI has pushed its annualized revenue run rate past $40 billion. That pace roughly doubles the figure the company recorded at the end of 2025.

The number strengthens the case for a public listing. Yet it arrives during a wave of senior departures at the top of the company.

What Drives the OpenAI Revenue Run Rate

Three engines account for most of the growth. ChatGPT subscriptions keep expanding, AI coding software has scaled fast, and a young advertising business now adds to the total.

President Greg Brockman told staff that revenue climbed more than 20% month over month in July. Similarly, an earlier internal update showed July alone outpaced the entire second quarter.

Pricing changes helped as well. OpenAI cut prices for customers in July as businesses grew more cost conscious. Rather than dent revenue, cheaper access pulled in more enterprise demand.

Demand for AI agents adds a third leg. Codex handles software work, while ChatGPT Work targets office teams. Both products push customers toward higher paying tiers.

Chief Financial Officer Sarah Friar had previously placed the 2025 exit figure above $20 billion. Management now wants enterprise customers to supply half of all revenue by the end of this year.

OpenAI declined to comment on the latest numbers. The $40 billion run rate is based on a Bloomberg report, which cites people familiar with the matter.

Executive Exits Cloud the IPO Path

Meanwhile, Chief Revenue Officer Denise Dresser will leave in the coming weeks. She arrived from Slack in December 2025, so her run lasted roughly eight months.

Dali Rajic takes over global revenue operations. He previously served as president and chief operating officer of Wiz, a cybersecurity company..

Dresser’s exit follows Brad Lightcap’s recent departure, after she had been set to absorb part of his operational remit. Fidji Simo also stepped back last month for health reasons.

The churn stretches back further. OpenAI has lost its head of ethics, its head of safety systems, and its former mission alignment chief over recent months. Brockman has responded by pulling operating duties under his own remit.

Meanwhile, the listing groundwork moves ahead. OpenAI has filed confidentially for an initial public offering and recently bought back employee shares worth $7 billion with its own cash.

Rival Anthropic may still reach the market first. The company could list in October at a valuation above $2 trillion. Whether revenue momentum outweighs leadership churn will decide how investors price OpenAI.

Source: BeInCrypto