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Fortune

Allie Garfinkle

OpenAI’s balance sheet remains the most mysterious—and consequential—in business

OpenAI Ed Zitron Cursor the Financial Times SpaceX

(Credit: Photo by Tomohiro Ohsumi/Getty Images)

OpenAI’s balance sheet leaked, and it’s hard to know what to think.

A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough.

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