OpenAI crossed $25bn in annualized revenue in February 2026, up from $6bn at the end of 2024, driven by ChatGPT subscriptions and enterprise adoption.The OpenAI IPO is being prepared with Goldman Sachs, JPMorgan, and Morgan Stanley advising, targeting a potential filing in the second half of 2026.OpenAI is not yet profitable and projects annual cash burn reaching $57bn by 2027, making public capital access a financial necessity rather than a choice.