OpenAI is on track to generate more than $40 billion in annualized revenue based on current performance, Bloomberg Technology reports, citing people familiar with the matter. The reported run rate is roughly double where OpenAI stood at the end of 2025, according to Bloomberg. The outlet says that growth is strengthening the company’s plans for a Wall Street debut. The report does not specify an IPO date, valuation target, or whether OpenAI has formally filed. The key disclosed metric is the current annualized revenue run rate: more than $40 billion. For investors, the number is the clearest signal in this cluster of how quickly OpenAI’s commercialization has scaled. Annualized run rate is not the same as audited annual revenue, but it is the metric Bloomberg says is being used to describe the company’s current performance ahead of a potential public-market listing. The story remains sourced to people familiar with the matter, rather than an OpenAI announcement. That matters because IPO timing, structure, and valuation can change before any public filing or debut. Who benefits: OpenAI benefits from a stronger growth story as it prepares for a potential Wall Street debut. Existing backers may also benefit if public-market investors underwrite the company’s reported revenue trajectory. Who's exposed: Prospective IPO investors are exposed to the gap between annualized run-rate figures and audited financials. Without more detail, it is too early to assess margins or cash generation from the provided reporting.