Anthropic’s annual revenue run rate reached $65 billion by the end of July 2026, up from about $9 billion at the end of 2025, according to original reporting by Bloomberg. The company’s second-quarter revenue exceeded $11.5 billion, more than 14 times the same quarter a year earlier and more than double its first-quarter revenue of $4.73 billion.
The figures place Anthropic ahead of OpenAI in current annual revenue run rate, with OpenAI at $40 billion. Anthropic is expected to pursue an initial public offering in the fall of 2026, ahead of OpenAI, if its plans remain on track. The source does not provide a valuation, share price, or investor identities.
How quickly did Anthropic’s revenue grow?
Anthropic’s reported annual revenue run rate increased from approximately $9 billion at the end of 2025 to $65 billion by the end of July 2026. That represents roughly a sevenfold increase over the period.
The growth was especially pronounced in the latest quarter. Second-quarter revenue was more than $11.5 billion, compared with $4.73 billion in the first quarter. The second-quarter figure was more than double the first-quarter result and more than 14 times the revenue recorded in the same quarter a year earlier.
When is Anthropic expected to go public?
Anthropic’s initial public offering is expected in the fall of 2026, according to the report. If the company maintains its schedule, the listing would come ahead of expected public offerings from OpenAI and DeepSeek, which are also expected to offer stock on the public markets.
The report does not identify a specific listing date, valuation, share price, or investors involved in the offering.
How does Anthropic compare with OpenAI?
Anthropic’s $65 billion annual revenue run rate exceeded OpenAI’s $40 billion run rate. The comparison is based on the figures reported in the source and does not include information about either company’s valuation, profitability, or market share.
What do the reported figures show?
The figures show a sharp acceleration in Anthropic’s reported revenue over a short period. The company’s annual run rate was about $9 billion at the end of 2025, then reached $65 billion by the end of July. Its first-quarter revenue was $4.73 billion, while second-quarter revenue rose to more than $11.5 billion.
Those figures describe a revenue run rate, rather than a single accounting period. The source does not provide additional financial results or explain the factors behind the increase.
FAQ
What is Anthropic’s annual revenue run rate?
Anthropic’s annual revenue run rate reached $65 billion by the end of July 2026.
How much revenue did Anthropic report for the second quarter?
Second-quarter revenue was more than $11.5 billion, over 14 times the same quarter a year earlier and more than double the first-quarter figure of $4.73 billion.
When is Anthropic expected to have its IPO?
Anthropic is expected to pursue an IPO in the fall of 2026, ahead of OpenAI and DeepSeek, if its plans stay on track.
This article summarizes reporting from fortune.com.