OpenAI triples revenue to $5.7B in Q1 while burning $3.7B

OpenAI reports $5.7 billion revenue in Q1 2026, triple YoY, offset by $3.7 billion in operating expenses

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The fact

Stock-based compensation alone accounts for $2.3 billion of operational costs

With $73 billion in reserves, OpenAI has sufficient runway but pricing competition with Anthropic could accelerate funding needs

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