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On November 5, 2026, OpenAI co-founder and president Greg Brockman said at The Wall Street Journal's tech conference in Napa, California, that most of the company's revenue currently comes from its enterprise customer business, with enterprise customers now contributing more than half of total revenue, and that he believes OpenAI will be ready to go public in 2027. He noted that the first and second quarters of 2026 were quite difficult, with the company at one point not even part of the conversation in the agentic coding space, while in the third quarter annualized revenue grew 70% quarter over quarter and the enterprise business doubled in size; the enterprise business had previously accounted for only about 30% of total revenue. Brockman also cited the partnership with J.P. Morgan Chase as an example, and said OpenAI is stepping up its sales efforts aimed at enterprise customers, promoting products such as the Codex agent.
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OpenAI President Brockman Says Company May Be Ready for IPO in 2027Developments
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OpenAI president says enterprise revenue has exceeded half of total revenue
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Nov 6
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OpenAI President Brockman Says Company May Be Ready for IPO in 2027
OpenAI co-founder and president Brockman said at the WSJ Tech conference that the company may be ready for an IPO in 2027, and acknowledged that it lagged behind Anthropic in the coding market in the first half of the year, saying that after the release of GPT-5.6 Sol and ChatGPT Work, enterprise revenue doubled and annualized revenue grew 70% quarter over quarter. The article also notes that OpenAI's latest private financing round target was cut from $30 billion to about $20 billion, and its valuation target was lowered from $1.4 trillion to $1.25 trillion; revenue in the second quarter of 2026 was $6.7 billion while operating losses were about $12.3 billion. It argues that public-market pricing of the IPO will depend on cash flow rather than single-quarter growth.
TechCrunch AI
OpenAI President Greg Brockman says the company is expected to be IPO-ready in 2027
OpenAI co-founder and president Greg Brockman said at a Wall Street Journal tech conference that the company will be IPO-ready by 2027, and said he feels very good about the business. He mentioned that the first and second quarters of 2026 were quite difficult, and that in the agentic coding space the company was at one point not even part of the discussion; in the third quarter, annualized revenue grew 70% quarter over quarter, and the enterprise business doubled in size. The enterprise business now contributes the majority of OpenAI's revenue, whereas previously that segment accounted for only about 30% of total revenue; he also cited the partnership with J.P. Morgan Chase as an example.
Nov 5
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OpenAI President Brockman Says Most Revenue Comes from Enterprise Customers, Meets Conditions for IPO in 2027
OpenAI President Greg Brockman said on Wednesday local time that most of the company's revenue currently comes from its enterprise customer business, and that he believes OpenAI will meet the conditions for an IPO in 2027. Speaking at The Wall Street Journal's tech conference in Napa, California, he said OpenAI is stepping up sales to enterprise customers to compete with Anthropic, which is expected to go public before the end of this year, and is actively promoting products such as the Codex agent. Reuters previously reported that OpenAI had delayed its IPO plans and now hopes to use recent business growth to advance financing.
Yicai
OpenAI President Brockman: Enterprise Revenue Now Exceeds Half of Total Revenue, Company Could Be Ready for IPO in 2027
OpenAI President and co-founder Greg Brockman said that enterprise customers now contribute more than half of the company's total revenue, and that OpenAI could be ready for an IPO in 2027. He said the first half of this year was quite difficult for the company, which lagged behind Anthropic in enterprise AI; in the third quarter, with the launch of products such as GPT-5.6 Sol and ChatGPT Work, revenue growth accelerated, and enterprise sales revenue has surpassed the consumer business.
Phoenix Technology
OpenAI President Brockman Says Most Revenue Comes from Enterprise Customers, IPO-Ready by 2027
OpenAI President Greg Brockman said at The Wall Street Journal's tech conference that most of the company's revenue currently comes from its enterprise customer business, and that he believes OpenAI will be ready for an IPO in 2027. He said OpenAI is stepping up sales efforts aimed at enterprise customers, competing with Anthropic, which is expected to go public by the end of this year, and is actively promoting products such as the Codex agent. Reuters previously reported that OpenAI is accelerating its fundraising pace, having earlier postponed its IPO plans.
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