Question for the MBAs in the audience, is losiing $21 billion a year bad?

Ed Zirton has a scoop:Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company. ...2025 — OpenAI Had $13.07 Billion In Revenue, $34 Billion In Costs and Expenses, and $20.92 Billion In Losses, with a net loss attributable to the company of $38.53 BillionRevenue: $13.07 billionCost of Revenue: $7.5 billionResearch and Development: $19.18 billionSales and Marketing: $5.73 billionGeneral and Administrative: $1.57 BillionTotal Costs and Expenses: $34 billionLoss from Operations: $20.92 billionPlease note that 2025 was the year that OpenAI converted from a non-profit to a for-profit entity, leading to a $41.55 billion loss due to changes in fair value of convertible interests and warrant liability. Taking into account other minor factors like interest income and…