OpenAI's current annualized revenue has exceeded $40 billion, doubling from $20 billion at the end of 2025, according to sources familiar with the matter cited by Bloomberg. This strengthens the company's fundamentals ahead of its upcoming IPO. Greg Brockman, co-founder and president of the company, revealed in an internal announcement that annualized revenue growth month-over-month exceeded 20% in July. Recent growth is primarily driven by strong enterprise client demand for AI Agents, as well as the push from AI programming software and subscription sales. OpenAI also announced the appointment of a new Chief Revenue Officer, aiming to accelerate enterprise sales growth.