OpenAI generated ~$5.7B in revenue in Q1, ~$1B more than Anthropic; its adjusted operating income margin was -122%, and ChatGPT user growth stalled
OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period …
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OpenAI Pulls In $5.7B in Q1, Outpacing Anthropic by Nearly $1B
OpenAI's first-quarter revenue hit $5.7 billion, leaving rival Anthropic roughly $1 billion behind in the AI revenue race.
OpenAI raked in approximately $5.7 billion in revenue during Q1, according to sources familiar with the company's financials. That puts it nearly $1 billion ahead of its closest competitor, Anthropic, which generated around $4.8 billion in the same period.
The numbers underscore the widening gap between the two leading AI companies. While Anthropic has been gaining momentum, OpenAI's lead remains substantial — roughly 19% more revenue in a single quarter.
Both companies have been burning through cash to train increasingly powerful models and scale their infrastructure. But OpenAI's consumer-facing products, led by ChatGPT, continue to drive massive top-line growth.
The revenue figures, first reported by The Information, offer a rare glimpse into the financial reality behind the AI arms race. The takeaway: OpenAI is still the one to beat.