xAI reported a net loss of $1.5 billion in the third quarter of 2025, up from a $1 billion loss earlier in the year, according to internal documents reviewed by Bloomberg.
Despite this, the company’s revenue nearly doubled to $107 million in the quarter. But sales still fell short of xAI’s annual target of $500 million.
xAI spent $7.8 billion in the first nine months of 2025. The main expenses were related to data centers, hiring and software development.
The company is working on artificial intelligence technologies that could control humanoid robots like Tesla’s Optimus in the future. Total profit in the third quarter rose to $63 million, but EBITDA losses through September exceeded initial forecasts by reaching $2.4 billion.
xAI recently closed a $20 billion investment round, valuing the company at $230 billion. Investors include Nvidia, Valor Equity Partners, and the Qatar Investment Authority.
