Multiple outlets report that OpenAI spent $3.7 billion during the first quarter of 2026, citing a report by The Information. According to the figures attributed to documents OpenAI shared with shareholders or investors, the company’s spending (described as cash burn) in the first three months of 2026 is more than half of its revenue for the same period. The Information’s reported revenue figure for Q1 2026 is $5.7 billion. The outlets also state that both spending and revenue are described as tripling compared with the same quarter a year earlier, indicating growth alongside higher costs. The Hindu notes that OpenAI earlier in the month said it had confidentially filed for a U.S. initial public offering (IPO). However, the specific cash-burn and revenue numbers in these reports are tied to The Information’s account of internal documents and do not provide additional context on what drove the increase in spending. The reports are presented as secondary coverage of The Information’s findings rather than as direct company disclosures in these summaries.