Anthropic’s annualized revenue surges to $65B

Anthropic's annualized revenue run rate surpassed $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of last year, according to Bloomberg. The company's investors expect it to finish 2026 between $100 billion and $120 billion, and Anthropic is expected to seek a public valuation of $2 trillion or more in its IPO, potentially as soon as this fall.

Anthropic’s revenue continues not just to grow at an historic pace but to accelerate. The model maker’s annualized revenue run rate — a projection of a full year’s revenue based on a recent, shorter period —surpassed $65 billion https://www.bloomberg.com/news/articles/2026-08-17/anthropic-revenue-run-rate-surpasses-65-billion-ahead-of-ipo at the end of July, Bloomberg reported on Monday, up from $47 billion https://techcrunch.com/2026/05/28/anthropic-raises-65-billion-nears-1t-valuation-ahead-of-ipo/ in May and just $9 billion at the end of last year. Anthropic didn’t immediately respond to our request for comment. The company’s investors expect it to continue to grow at approximately the same rate for the remainder of the year, finishing 2026 between $100 billion and $120 billion https://www.ft.com/content/840ac156-af1c-4a82-b260-ae791072fcfa?syn-25a6b1a6=1 , the Financial Times reported. Meanwhile, rival OpenAI has doubled its revenue to $40 billion, from $20 billion at the end of 2025, Bloomberg reported last week https://www.bloomberg.com/news/articles/2026-08-13/openai-s-revenue-run-rate-tops-40-billion-ahead-of-ipo . The two companies may calculate their revenue metrics differently, but Anthropic’s growth rate has captivated investors far more than OpenAI’s has. Both companies have filed confidential IPO paperwork, Anthropic is expected to hit the public markets ahead of OpenAI —possibly as soon as this fall. Anthropic will be seeking a public valuation of $2 trillion or more, according to the Financial Times, which would make it the largest market debut on record. Anthropic was last valued at $965 billion https://www.ft.com/content/840ac156-af1c-4a82-b260-ae791072fcfa?syn-25a6b1a6=1 in late May, when it raised a $65 billion round.