OpenAI revenue and valuation
Specter estimates OpenAI's annual revenue at $34.4B to $51.8B and its valuation at $1.04T to $1.5T. The company last reported $40B revenue in September 2026 and was priced at $1.25T in November 2026.
- Estimated revenue
- $34.4B–$51.8B
- Estimated valuation
- $1.04T–$1.5T
- Reported revenue
- $40B
- Total funding
- $212B
- Founded
- 2015
- Headquarters
- San Francisco, United States
- Employees
- 11,375
OpenAI revenue
OpenAI last reported $40B revenue in September 2026. Specter's model puts current revenue between $34.4B and $51.8B, anchored to 18 reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported figure |
|---|---|---|---|---|
| $42.2B | $34.4B | $51.8B | ||
| $50B | $41.6B | $60.1B | $40B | |
| $44.4B | $36.9B | $53.3B | ||
| $42.6B | $35.4B | $51.2B | ||
| $28.4B | $23.6B | $34.1B | $26.8B | |
| $33B | $27.4B | $39.7B | ||
| $25B | $20.8B | $30.1B | $30B | |
| $17.7B | $14.7B | $21.2B | $24B | |
| $25B | $20.8B | $30.1B | ||
| $21.4B | $17.8B | $25.7B | ||
| $20B | $16.6B | $24.1B | $20B | |
| $12.5B | $10.4B | $15B | $12B | |
| $12B | $9.98B | $14.4B | ||
| $9.27B | $7.71B | $11.2B | $8.6B | |
| $12.5B | $10.4B | $15B | $13B | |
| $12B | $9.98B | $14.4B | ||
| $10B | $8.32B | $12B | $10B | |
| $13.2B | $10.7B | $16.3B | ||
| $17.3B | $14.2B | $21.1B | ||
| $22.8B | $19B | $27.4B | ||
| $12.6B | $10B | $15.9B | ||
| $6.96B | $5.7B | $8.5B | ||
| $3.85B | $3.2B | $4.63B | $6B | |
| $3.78B | $2.94B | $4.87B | ||
| $3.72B | $3B | $4.62B | ||
| $3.66B | $3B | $4.47B | ||
| $3.6B | $2.99B | $4.33B | $3.6B | |
| $3.3B | $2.29B | $4.74B | ||
| $3.02B | $2.11B | $4.32B |
OpenAI valuation
OpenAI's valuation rose from $1B at its Seed in March 2019 to $1.25T at its venture round in November 2026. Specter's live estimate sits between $1.04T and $1.5T.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $1.25T | $1.04T | $1.5T | $852B (press) | |
| $1.03T | $823B | $1.29T | ||
| $852B | $709B | $1.02T | $852B (press) | |
| $852B | $709B | $1.02T | $852B (press) | |
| $852B | $709B | $1.02T | $852B (press) | |
| $433B | $360B | $521B | $433B (press) | |
| $852B | $709B | $1.02T | $852B (press) | |
| $852B | $709B | $1.02T | $852B (press) | |
| $852B | $709B | $1.02T | $852B (round) | |
| $300B | $250B | $361B | $300B (press) | |
| $300B | $250B | $361B | $300B (press) | |
| $300B | $250B | $361B | $300B (press) | |
| $500B | $416B | $601B | $500B (round) | |
| $500B | $416B | $601B | $500B (press) | |
| $300B | $250B | $361B | $300B (press) | |
| $340B | $283B | $409B | $340B (press) | |
| $300B | $250B | $361B | $300B (press) | |
| $300B | $250B | $361B | $300B (press) | |
| $300B | $250B | $361B | $300B (press) | |
| $300B | $250B | $361B | $300B (round) | |
| $199B | $165B | $239B | $199B (press) | |
| $174B | $145B | $209B | $174B (press) | |
| $157B | $131B | $189B | $157B (press) | |
| $157B | $130B | $189B | ||
| $157B | $131B | $189B | $157B (round) | |
| $150B | $125B | $180B | $150B (press) | |
| $125B | $100B | $155B | ||
| $104B | $84.8B | $126B | ||
| $86B | $71.5B | $103B | $86B (press) |
OpenAI funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Venture round | $11B | $1.25T | T. Rowe Price, MGX, Coatue, SoftBank | |
| Venture round | $75M | Undisclosed | Robinhood Ventures | |
| Series G | $122B | $852B | T. Rowe Price, MGX, D. E. Shaw & Co., Amazon, SoftBank, Andreessen Horowitz, NVIDIA, TPG | |
| Corporate round | $1B | Undisclosed | The Walt Disney Company | |
| Secondary | $6.6B | $500B | Undisclosed | |
| Series F | $40B | $300B | SoftBank | |
| Debt financing | $4B | Undisclosed | Undisclosed | |
| Venture round | $6.6B | $157B | Thrive Capital | |
| Secondary | $9.5B | $80B | Thrive Capital | |
| Secondary | $300M | $29B | Sequoia Capital, Andreessen Horowitz, Thrive Capital, K2 Global | |
| Corporate round | $10B | $29B | Microsoft | |
| Secondary | Undisclosed | $20B | Tiger Global Management | |
| Corporate round | $1B | Undisclosed | Undisclosed | |
| Seed | $50M | $1B | Reid Hoffman Foundation, Khosla Ventures | |
| Pre-Seed | $120K | Undisclosed | Y Combinator |
OpenAI competitors
The generative AI market splits between building foundational intelligence and operationalizing specialized agents for business.
| Company | Revenue | Valuation |
|---|---|---|
| $34.4B–$51.8B | $1.04T–$1.5T | |
| $38.9B–$56.3B | $1.66T–$2.4T | |
| $320M–$640M | $191B–$277B | |
| $392B–$602B | $128B–$834B | |
| $332B–$481B | $262B–$484B |
OpenAI revenue and valuation FAQ
What is OpenAI's revenue?
Specter estimates OpenAI's annual revenue at $34.4B to $51.8B as of October 2026. OpenAI last reported $40B revenue in September 2026.
What is OpenAI's valuation?
OpenAI's latest post-money valuation is $1.25T, from a November 2026 venture round. Specter's live estimate is $1.04T to $1.5T.
What is OpenAI's revenue multiple?
OpenAI is valued at about 31.3× revenue, based on its $1.25T November 2026 valuation and $40B last reported revenue. That works out to roughly $3.52M of revenue per employee.
How much funding has OpenAI raised?
$212B across 15 rounds, from a $120K Pre-Seed in August 2016 to an $11B venture round in November 2026.
Who invested in OpenAI?
114 investors, including Coatue, D. E. Shaw & Co., MGX, Robinhood Ventures, SoftBank and T. Rowe Price.
Who are OpenAI's competitors?
Anthropic, SpaceXAI, Google and Microsoft. Specter ranks 30 competitors for OpenAI.