OpenRouter Financials Suggest Steep Price For Possible Acquirer Stripe

If Stripe ends up buying three-year-old startup OpenRouter for close to $10 billion, the payments firm would be paying a substantial premium of about 70 times the startup’s recent annualized revenue, according to a person with knowledge of OpenRouter’s financials.

OpenRouter, which helps app developers access hundreds of AI models, was recently generating about $140 million in annualized revenue, or roughly $12 million a month. That revenue pace is up nearly threefold since April, and the startup’s costs have been relatively low.