Anthropic's annualized revenue rate surges past $65 billion
AI company Anthropic's annualized revenue run rate topped $65 billion by the end of July, continuing rapid growth ahead of an expected public listing.
Anthropic's annualized revenue run rate — a projection of a full year's revenue based on a recent, shorter period — surpassed $65 billion at the end of July, Bloomberg reported on Monday. That marks a sharp rise from $47 billion in May and just $9 billion at the end of last year. Anthropic did not immediately respond to a request for comment.
According to the Financial Times, the company's investors expect growth to continue at roughly the same pace through the rest of the year, putting Anthropic on track to finish 2026 with revenue between $100 billion and $120 billion.
Competition with OpenAI
Rival OpenAI has doubled its own revenue to $40 billion, up from $20 billion at the end of 2025, Bloomberg reported last week. While the two companies may calculate their revenue metrics differently, Anthropic's growth rate has drawn considerably more attention from investors than OpenAI's.
Upcoming public listing
Both companies have filed confidential paperwork for an initial public offering. Anthropic is expected to go public before OpenAI, possibly as early as this fall. Per the Financial Times, Anthropic is seeking a public valuation of $2 trillion or more, which would make it the largest market debut on record. The company was last valued at $965 billion in late May, when it closed a $65 billion funding round.
