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

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 .