Anthropic’s annualized revenue run rate surpassed $65 billion at the end of July 2026, up from $47 billion in May and $9 billion at the end of last year, Bloomberg reported. The AI model maker added roughly $18 billion in annualized revenue in just two months.
The company’s investors expect that growth to continue, with Anthropic projected to finish 2026 with annualized revenue between $100 billion and $120 billion, according to the Financial Times.
For context, rival OpenAI has doubled its 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 investor attention than OpenAI’s.
Anthropic’s rapid revenue expansion matters in part because of what may come next. Both Anthropic and OpenAI have filed confidential IPO paperwork, but Anthropic is expected to reach public markets first — possibly as soon as this fall. The Financial Times reported the company 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 2026, when it closed a $65 billion funding round. Anthropic did not immediately respond to a request for comment.
Source: TechCrunch