OpenAI's single-season revenue of 5.7 billion looks impressive, but it was overtaken by Anthropic in annualized terms, and a profit margin of -122% is even more disheartening—how exactly is this business supposed to continue?

According to Beating Monitoring, OpenAI generated approximately $5.7 billion in revenue in the first quarter of 2026, ahead of competitor Anthropic by about $1 billion. However, Anthropic’s annualized revenue has recently reached nearly $45 billion, surpassing OpenAI’s $30 billion annualized revenue. OpenAI’s first-quarter growth was mainly driven by Codex code agents, enterprise sales, and ChatGPT advertising tests. Although OpenAI is expected to achieve its $30 billion revenue target for 2026, its adjusted operating profit margin fell to -122% in the first quarter, meaning it suffers a net loss of $1.22 for every $1 in revenue generated (excluding major items such as equity incentives). Thanks to its first-quarter performance, OpenAI has benefited from Amazon and