OpenAI tripled revenue to $5.7 billion in Q1 but burned through $3.7 billion to get there

Summary

In the first quarter of 2026, OpenAI pulled in $5.7 billion in revenue and burned through about $3.7 billion, both figures tripled year over year. Stock-based compensation alone ate up over $2.3 billion. With $73 billion in reserves, OpenAI doesn't need fresh capital right now, but a price war with Anthropic could change that fast. The article OpenAI tripled revenue to $5.7 billion in Q1 but burned through $3.7 billion to get there appeared first on The Decoder .

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