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Anthropic’s annualized revenue run rate tops $65B, report says

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, Bloomberg reported.

AI News Feed · 2026-08-18 10:06

Anthropic did not immediately respond to a request for comment. According to the Financial Times, the company’s investors expect it to maintain roughly the same growth rate for the rest of the year and finish 2026 with annualized revenue between $100 billion and $120 billion.

Bloomberg reported last week that rival OpenAI’s annualized revenue has doubled to $40 billion from $20 billion at the end of 2025. The two companies may calculate their revenue metrics differently, but Anthropic’s growth rate has drawn considerably more investor attention than OpenAI’s.

Both companies have filed confidential IPO paperwork. The Financial Times reported that Anthropic is expected to reach the public markets before OpenAI, possibly as soon as this fall, and will seek a public valuation of $2 trillion or more, which would make it the largest market debut on record. Anthropic was last valued at $965 billion in late May, when it raised a $65 billion round.