Anthropic's Annual Revenue Rate Soars to $65B

AI model developer Anthropic isn't just growing at a historic pace — the growth is accelerating. According to Bloomberg, the company's annualized run rate — a projection of yearly revenue based on figures from a recent short period — topped $65 billion at the end of July. For comparison, it was $47 billion in May, and just $9 billion at the end of last year. In other words, the company added $18 billion to its annual run rate in the span of two months.

Anthropic itself did not provide a prompt comment. Investors, however, expect roughly this pace to hold through the end of the year, bringing revenue to the $100–120 billion range by the close of 2026 — as the Financial Times reports.

Set Against OpenAI

Rival OpenAI is growing too: according to Bloomberg, its revenue doubled — from $20 billion at the end of 2025 to $40 billion. The companies may calculate their metrics differently, but it's Anthropic's momentum, TechCrunch notes, that has captured investors' attention more than OpenAI's figures.

On the Road to the Market

Both companies have already filed confidential IPO paperwork. Anthropic is expected to go public before OpenAI — possibly as soon as this fall. According to the Financial Times, the company will seek a public valuation of $2 trillion or higher, which would make it the largest stock market debut in history.

As a reminder, Anthropic's most recent private valuation was $965 billion — set at the end of May, when the company raised a $65 billion round.

Source: TechCrunch