kapynStartups

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

OpenAI saw Q1 revenue surge to $5.7 billion, tripling year-over-year, alongside a $3.7 billion burn rate. Despite significant stock-based compensation costs, the company has substantial reserves, but potential price wars could impact its financial strategy.

The Decoder·Jun 20, 2026

Opening Kapyn…