OpenAI's annualized recurring revenue run rate is approaching $70 billion as of late September 2026, up from more than $40 billion a month earlier and roughly 70% since the start of the third quarter. Enterprise sales have more than doubled since July, while consumer revenue in the third quarter has already surpassed the total generated during all of 2025. Codex, OpenAI's AI coding tool, is a notable growth driver alongside subscriptions and corporate contracts. Oracle shares rose 5.3% as investors focused on OpenAI's infrastructure demand, with OpenAI reportedly accounting for about half of Oracle's compute backlog. Despite the revenue acceleration, OpenAI has not yet turned a profit because of the cost of training advanced models and running inference at scale. OpenAI and Anthropic have confidentially filed investor prospectus information with the Securities and Exchange Commission amid preparations for possible public listings. Anthropic's 2025 revenue exceeded $4.6 billion while its net loss reached $42 billion, according to Reuters. Both companies face scrutiny over AI-agent behavior, open-source competition and customer demand for lower-cost mixed-model deployments.