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

OpenAI reported $5.7 billion in revenue for Q1 2026, tripling year-over-year, but spent $3.7 billion, including $2.3 billion in stock-based compensation. With $73 billion in reserves, the company faces potential financial pressure from a price war with Anthropic.

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 https://the-decoder.com/openai-tripled-revenue-to-5-7-billion-in-q1-but-burned-through-3-7-billion-to-get-there/ appeared first on The Decoder https://the-decoder.com .