AI Developer Anthropic Reports $65 Billion Annualized Revenue Ahead of Planned IPO

Artificial intelligence developer Anthropic PBC has reported an annualized revenue run rate exceeding $65 billion, according to individuals familiar with the matter. The figure marks a significant acceleration from late last year, driven by the adoption of its AI tools such as Claude and Fable, which assist with complex tasks including coding.

The financial figures, shared with investors during a regular update, show that the company's run rate hit the $65 billion mark by the end of July. This represents more than a sevenfold increase compared to its pace at the end of last year, when its revenue run rate stood at over $9 billion. By May, that figure had climbed to $47 billion.

For its latest completed quarter, Anthropic reported a preliminary revenue figure of more than $11.5 billion, a substantial increase from $787 million in the corresponding period in 2025. The documents reviewed also indicated positive adjusted operating income for the quarter.

The revenue growth comes as Anthropic prepares for a public listing. The company has confidentially filed paperwork to go public and is working with financial institutions including Morgan Stanley, Goldman Sachs Group Inc., and JPMorgan Chase & Co. Market observers anticipate a Wall Street debut as soon as this fall, positioning Anthropic to potentially go public ahead of competitor OpenAI and Chinese AI firm DeepSeek.

Anthropic was valued at $965 billion following a funding round in May, placing it among the largest private companies globally. The planned initial public offering aims to tap public market capital to help sustain the heavy expenditures required to develop cutting-edge artificial intelligence models and maintain its market position against rivals like OpenAI, whose revenue run rate has recently exceeded $40 billion.

"Anthropic's rapid scaling to a $65 billion annualized revenue run rate highlights the massive commercial demand for enterprise-grade artificial intelligence tools. Reaching this financial scale while achieving positive adjusted operating income sets a strong foundation for their anticipated public market debut. As AI infrastructure requires heavy capital investment, tapping the public markets will provide these firms with the sustained funding capacity needed to maintain their competitive edge in a fast-evolving global market." — Dr. Shishir Gupta, Founder & CEO, StartupLanes