OpenAI Reports Strong Revenue Growth in July
According to an internal message reviewed by CNBC, OpenAI's annualized recurring revenue (ARR) for July surpassed the company’s entire second quarter. CFO Sarah Friar and board chair Bret Taylor attributed this growth to the GPT-5.6 model series, enterprise agent ChatGPT Work, and increased adoption of Codex coding tool. Earlier reports indicated that OpenAI's annualized revenue exceeded $25 billion in February 2026. The company also reported a significant burn rate of $3.7 billion for the first quarter against $5.7 billion in revenue. Despite these figures, OpenAI has not disclosed absolute numbers for July. OpenAI is preparing for an IPO after securing a record $122 billion funding round at a valuation of $852 billion and submitting its S-1 registration to the SEC.
Topics: ARR growth Codex coding tool GPT-5.6 OpenAI