OpenAI topped $25 billion in annualized revenue at the end of February 2026, according to a report by The Information. At the time of publishing, OpenAI hadn’t commented publicly on the reportt.
The $25 billion figure represents a 17% increase from the $21.4 billion in annualized revenue OpenAI generated at the end of 2025, per the same report. Since late 2022, the company has gone from effectively zero revenue to more than $20 billion in annualized revenue by 2025, then $25 billion by February 2026.
The company is also targeting roughly $600 billion in total compute spending through 2030, per the report, and is working toward an IPO that could value it at up to $1 trillion.
Anthropic's Run Rate Climbed From $9 Billion to $19 Billion in Weeks
Anthropic, the company behind the Claude models, saw its annualized run rate climb from $9 billion at the end of 2025 to over $19 billion recently. That figure was reported this week across industry sources.
Enterprise clients account for 80% of Anthropic's revenue. Claude Code alone is generating $2.5 billion in annualized revenue, more than double what it recorded in January 2026. Anthropic is targeting cash-flow positivity by 2027, unlike OpenAI's projected losses.
OpenAI Is Pushing Deeper Into Enterprise
On the enterprise front, OpenAI is partnering with four of the world's largest consulting firms to help corporate clients move beyond AI pilot projects and into full-scale deployments, per the report. The company faces direct competition in that segment from Anthropic and Google, both of which are actively selling AI capabilities to businesses.
Reuters noted that since late 2022, Anthropic followed a similar trajectory to OpenAI, reaching roughly $9 billion in annualized revenue by end of 2025. As of this week, that number is reported to be above $19 billion.
The gap between the two in annualized revenue currently stands at roughly $6 billion, based on the figures reported this week.
Damilare Odedina
