Anthropic's Annualized Revenue Reaches $65 Billion, Projected to Hit $100-120 Billion by Year-End

The AI company Anthropic has achieved an annualized revenue run rate of $65 billion as of late July, demonstrating accelerating growth from earlier months when it stood at $47 billion in May and just $9 billion at the end of 2025. According to projections from the company's investor base, the trajectory is expected to continue through the end of 2026, potentially reaching between $100 billion and $120 billion in full-year revenue. In comparison, competing AI firm OpenAI has managed to double its annual revenue to $40 billion, up from $20 billion in 2025, though observers note that both companies may employ different methodologies for calculating revenue metrics. Both organizations have filed confidential paperwork for initial public offerings, with Anthropic positioning itself for a potential debut as early as the autumn months. The company is reportedly seeking a public market valuation exceeding $2 trillion, which could represent the largest IPO by market capitalization in history. Anthropic's most recent private valuation was $965 billion, determined during a $65 billion funding round completed in May.