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The Late Stage 50 · 2026 edition · #3 of 50

OpenAI

OpenAI is an AI research and deployment company whose stated mission is to ensure artificial general intelligence benefits all of humanity.

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US$50bnRun-rate · Oct 2026
—growth not disclosed
#3rank by disclosed revenue

The figure

Revenue
roughly $50 billion
Run-rate · Oct 20261Bloomberg · 8 Oct 2026
In US dollars
US$50bn
as stated
Standing
reported
Named press, described source — Bloomberg, citing the Financial Times; the figure is attributed in the article
Published
8 Oct 2026
accessed 17 Oct 2026
Evidence
“generate annualized revenue of roughly $50 billion based on its current performance” — as read on the source page1Bloomberg · 8 Oct 2026
Growth
—
no comparable year-on-year figure: rates over periods shorter than a year, or built on floors or approximations, are not shown

Context

Founded
2015
2openai.com
Headquarters
San Francisco, United States
2openai.com
Sector
Software
AI research
IA40 2026
Enabler · #4
on the list 4× (2023–2026)3IA40 · 19 Oct 2026
Website
openai.com
Valuation
US$852bn
post-money, funding round closed 31 Mar 2026 · Mar 2026 · as reported, not part of the ranking4OpenAI
Status
Private as of 17 October 2026
OpenAI has announced no IPO or acquisition (company announcements to 15 Oct 2026). The nonprofit OpenAI Foundation governs the for-profit OpenAI Group, a public benefit corporation (OpenAI).5status check · 17 Oct 2026

Market context

Last round · Forge
Series C (03/31/2026): $687.69 per share, $852B post-money valuation, $122B raised
6Forge Global · 13 Oct 2026
Clarity Price
$833.82 per share
Clarity Liquidity Index (C50) member, rank 6 of 507Clarity (formerly Hiive) · 17 Oct 2026
Last round · Clarity
Tender Offer (August 2026): $852B post-money, $7B raised
7Clarity (formerly Hiive) · 17 Oct 2026
Implied credit rating (estimate)
BB+
AIR Platforms' unsolicited shadow rating of 1 Oct 2026 — two notches below Anthropic and one short of investment grade; built on estimated proxy financials, with reported losses the main drag8AIR Platforms research note · 1 Oct 2026
EBITDA margin (estimate)
−33.3%
AIR Platforms estimate shared with Forbes; the median of AIR's seven-company listed-tech benchmark is 43.3%9Forbes (Africa edition), reporting AIR Platforms · 13 Oct 2026

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

Investing Platform

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← #2 Anthropic Back to the list #4 Databricks →

References

Every figure on this page, by source.

  1. 1Bloomberg · 8 Oct 2026news.bloombergtax.com/artificial-intelligence/openais-annualized-revenue-nears-50-billion-…
  2. 2openai.comopenai.com/about/
  3. 3IA40 · 19 Oct 2026www.ia40.com/the-list/
  4. 4OpenAIopenai.com/index/accelerating-the-next-phase-ai/
  5. 5status check · 17 Oct 2026openai.com/news/company-announcements/
  6. 6Forge Global · 13 Oct 2026forgeglobal.com/openai_stock/
  7. 7Clarity (formerly Hiive) · 17 Oct 2026www.clarity.com/browse-companies/openai-stock
  8. 8AIR Platforms research note · 1 Oct 2026airplatforms.substack.com/p/ai-giants-credit-reality-check
  9. 9Forbes (Africa edition), reporting AIR Platforms · 13 Oct 2026www.forbesafrica.com/current-affairs/2026/10/13/ai-powered-bond-rating-startup-says-open-a…

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.