“Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company.”
Our reading, the sentence that was checked:
According to audited financial documents, OpenAI lost around $38.5 billion in 2025.
Assessment: Supported Evidence as of
Where and when Ed Zitron wrote it
Where's Your Ed At, Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion, paragraph 4.
- Said
- Source observed
- live page, full text, public
- Evidence as of
- the cutoff for this assessment
- Assessment recorded
- assessment wyea-exclusive-openai-financials-cae693-a1
We recorded 10 claims from this post. See every claim from this post.
The wording above is the version this site observed on 2026-10-28. The source may have been edited after 2026-06-16. This page does not claim the wording was captured then.
What the claim commits to
- Kind
- Observation
- Deadline, as the speaker wrote it
- None stated. This site does not add one.
- Deadline state when assessed
- No horizon
- Deadline state on 2026-10-29
- No horizon (the release’s reference date)
Conditions
- based on audited financial documents (qualifier, stated by the speaker)
From the speaker
- based on audited financial documents
- independently verified by the Financial Times
- OpenAI lost around $38.5 billion in 2025
Our interpretation
- The surrounding text identifies the measure as net loss attributable to OpenAI after allocating losses to noncontrolling interests.
- This is a statement about accounting loss, including noncash charges, rather than cash burn.
- The accounting basis is company_reported because Zitron purports to quote company financial statements. Audited does not by itself identify GAAP or IFRS.
- The word around permits corroboration reported at a coarser precision, provided the accounting measure matches.
Counts as supported if: Audited company accounts, or independent reporting verifying those accounts, establish an approximately $38.5 billion net loss attributable to OpenAI for calendar 2025.
Counts as contradicted if: Comparable verified accounts establish a materially different attributable net loss, or establish that the stated figure represents a different accounting measure.
Retrospective: these criteria were written after the outcome was public.
Current assessment
Was it true for the period described?
Outcome: Supported
The dated evidence matches what the claim committed to, under the criteria frozen before grading.
Scored on a plain reading. The speaker named no measure for this claim, so it was judged on the reading an informed reader would take, stated below under our interpretation. Both reviews had to find that reading fair.
- Evidence as of
- Deadline state when assessed
- No horizon
- Assessment recorded
- Policy version
- 2026-10-28.7
Rationale
Independent FT reporting corroborates an attributable net loss of roughly $39 billion from audited figures. That supports the approximate $38.5 billion claim on the accounting measure specified by the surrounding text. It does not establish an equivalent cash outflow.
Limitations
- The conclusion relies on independently verified news reporting because the underlying statements were not accessible.
- The independent corroboration is rounded.
Evidence (1 item)
Supports the claim: Financial Times, syndicated by Yahoo Finance,
around $39bn
Why it matters here: The FT independently confirmed audited figures and reported the same attributable-loss measure at whole-billion precision. This corroborates the approximate claim, while not independently establishing the hundredth-billion figure given elsewhere in the post.
- Publisher
- Financial Times, syndicated by Yahoo Finance
- Kind of source
- News report, audited
- Measures
- OpenAI, net loss attributable to the company, USD billions, company reported, 2025-01-01 to 2025-12-31
- Describes events of
- Public from
Where it was said (1)
Said once in the sources this register covers.
: Where's Your Ed At, Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion
Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company.
- Where
- paragraph 4
- Published
- 2026-06-16
- Source observed
- , live page
- Access
- full text, public
History
Assessment versions
- Assessment wyea-exclusive-openai-financials-cae693-a1: Current. Outcome: Supported. Evidence as of 2026-10-28. Public date not recorded.
Recorded events
Assessment publishedBy this site
First assessment published after both reviews and the final-text check passed.
About assessment wyea-exclusive-openai-financials-cae693-a1.