OpenAI Codex Revenue, Net Worth, Marketcap, Competitors 2026

OpenAI Codex History

OpenAI Co-founders

OpenAI Revenue

OpenAI generated $3.7 billion in annual revenue during 2024, driven primarily by ChatGPT subscriptions and API access. The company reported reaching 20 million paid ChatGPT subscribers by April 2025, up from 15.5 million at the end of 2024. Enterprise customer adoption accelerated substantially, with the business user base expanding to five million accounts.

July 2025 financial disclosures revealed an annualized revenue run rate of $12 billion, representing substantial year-over-year growth. Revenue projections for 2025 estimate total income between $12.7 billion and $13 billion. The company generated approximately $4.3 billion in revenue during the first half of 2025 alone.

Despite impressive revenue growth, OpenAI continues operating at significant losses. The company burned $2.5 billion during the first half of 2025, with projected losses of $14 billion for the full year. Looking ahead, OpenAI expects to burn approximately $115 billion through 2029 as it invests in infrastructure and model training. The company projects achieving cash flow positive status by 2029, with estimated annual sales reaching $100 billion by that timeframe.

OpenAI Codex Acquisitions

OpenAI completed seven strategic acquisitions through 2025, investing approximately $17.8 billion in total transaction value. These acquisitions focused on expanding capabilities in AI infrastructure, product development, and hardware integration.

The largest acquisition came in May 2025 when OpenAI purchased iO, the AI hardware startup founded by former Apple designer Jony Ive, for $6.5 billion in an all-stock deal. The transaction brought exceptional design talent including Tang Tan, Scott Cannon, and Evans Hankey, all formerly of Apple. OpenAI already held a 23% stake in iO through its venture fund before completing the full acquisition. The deal marked OpenAI’s entry into consumer hardware, combining software expertise with world-class industrial design capabilities.

In September 2025, OpenAI acquired Statsig, a cloud-based testing and feature management platform, for $1.1 billion in an all-stock transaction. Statsig’s founding CEO Vijaye Raji joined OpenAI as CTO of Applications, reporting to Chief Product Officer Fidji Simo. Raji brought experience from a decade leading large-scale consumer engineering at Meta, now heading product engineering for ChatGPT and Codex.

Additional acquisitions included Software Applications Incorporated, maker of the Sky interface product for Mac computers, announced in October 2025. Earlier acquisitions consisted of Multi, Rockset, and Global Illumination, each adding specific enterprise technology capabilities and engineering talent. OpenAI also reached a significant deal with CoreWeave in March 2025, acquiring $350 million worth of shares and AI infrastructure access in exchange for $11.9 billion paid over five years.

OpenAI Marketcap

OpenAI achieved a $500 billion valuation in October 2025 through a secondary share sale allowing employees and early investors to sell approximately $6.6 billion in shares. This valuation established OpenAI as the world’s most valuable private technology company, surpassing SpaceX’s $400 billion valuation from summer 2025.

The company’s valuation trajectory accelerated dramatically following ChatGPT’s November 2022 launch. OpenAI started 2024 at a $29 billion valuation, grew to $157 billion by October 2024, then surged to $300 billion after a $40 billion funding round in March 2025 led by SoftBank. The October 2025 valuation represented an increase of roughly $29 billion monthly throughout 2025.

Secondary market activity suggests even higher valuations, with some shares trading at premiums of 20% above the $500 billion tender offer price. Analysis of SoftBank’s stock price implies public market investors may value OpenAI at approximately $750 billion. Internal discussions about a potential 2026 IPO reportedly target valuations reaching $1 trillion, though such figures remain speculative pending actual public market reception.

OpenAI Codex Competitors

The AI coding assistant market features intense competition across multiple segments. GitHub Copilot, powered by OpenAI Codex technology, holds the largest market share with over 20 million users. However, numerous well-funded competitors have emerged, each targeting specific developer needs and workflows.

Cursor achieved remarkable growth, reaching a $29.3 billion valuation by December 2025 after securing $2.3 billion in funding. The company grew from a $2.6 billion valuation at the end of 2024 to $10 billion in June 2025, demonstrating explosive market demand for AI-native development environments. Anysphere, the company behind Cursor, reached $500 million in annual recurring revenue by mid-2025.

Competition extends beyond traditional code completion. Amazon launched CodeWhisperer (now Q Developer) with tight integration into AWS services, appealing to cloud-focused development teams. Google introduced Gemini Code Assist, leveraging its AI infrastructure and targeting Google Cloud customers. Technology companies across the industry recognized coding assistants as strategic battlegrounds for developer mindshare.

Company/Product	Key Differentiator	Pricing
GitHub Copilot	Largest user base, seamless IDE integration	$10-$39/month
Cursor	AI-native editor, multi-file awareness	$20/month
Tabnine	Privacy-first, on-premises deployment	$12-$39/month
Amazon Q Developer	AWS integration, security scanning	$19/month
Codeium	Free tier, 70+ languages	Free-$12/month
Google Gemini Code Assist	Google Cloud integration	$19/month
Sourcegraph Cody	Full codebase indexing	Free-$9/month
Replit Ghostwriter	Cloud IDE integration	$15/month
Windsurf (Codeium)	Agentic navigation	$15/month
JetBrains AI Assistant	Native JetBrains integration	$10/month

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