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OpenAI burned through $1.22 per dollar earned even after stripping out stock-based compensation

Via The Decoder
Friday, May 22, 2026 · 2:18PM
Summary

OpenAI pulled in about $5.7 billion in Q1 2026 revenue but still lost $1.22 for every dollar earned, putting its adjusted operating margin at minus 122 percent. The article OpenAI burned through $1.22 per dollar earned even after stripping out stock-based compensation appeared first on The Decoder.

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