Anthropic's annual revenue exceeds $65 billion, growing more than seven times compared to the end of last year.

The revenue growth of the artificial intelligence startup Anthropic is accelerating further. According to informed sources, based on the current business performance, Anthropic's annualized revenue run rate had already exceeded $65 billion by the end of July, representing an increase of more than seven times compared to the end of 2025, adding further momentum for the companys anticipated debut on the U.S. stock market this autumn. The sources stated that the annualized revenue run rate of Anthropic reached approximately $65 billion by the end of July. The term "annualized revenue run rate" refers to the estimated annual revenue scale derived from revenue performance over a shorter period and does not equate to the company's actual annual revenue achieved. It is reported that Anthropic disclosed relevant data in its regular business update to investors. The companys revenue expansion rate is remarkably rapid. By the end of 2025, the companys annualized revenue run rate had just surpassed $9 billion, had exceeded $47 billion by May of this year, and further rose to $65 billion by the end of July. Calculating this, its revenue run rate has increased by more than seven times in less than a year. This rapid growth further strengthens Anthropic's foundation for pursuing an initial public offering (IPO). Currently, both Anthropic and OpenAI have secretly submitted their listing application documents, with Anthropic expected to possibly debut on Wall Street as early as this autumn and likely completing its listing before OpenAI. Anthropic was once regarded as a follower in the generative AI competition, but in recent years, it has quickly expanded its market share with AI products like Claude, especially gaining more clients in AI programming and handling complex enterprise tasks. In contrast, according to previous reports, OpenAI's recent annualized revenue run rate has already surpassed $40 billion. However, since the two companies may not calculate this metric in exactly the same way, the numbers cannot be directly compared. Preliminary revenue data for the companys most recent complete quarter also show strong growth. According to relevant documents, the companys revenue for that quarter exceeded $11.5 billion, compared to only $787 million in the same period of 2025, which corresponds to an over 14 times year-on-year increase. More notably, Anthropic also achieved positive adjusted operating profit for that quarter, indicating that the company is improving its profitability while rapidly expanding revenue. As Anthropic's revenue run rate surpasses $65 billion and it realizes a positive adjusted operating profit for the quarter, the competition between it and OpenAI is extending beyond model performance and user growth to commercialization capability and the capital market. If Anthropic can complete its IPO as planned, possibly by this autumn, the rapid growth in its revenue scale and improvements in profitability are expected to become important criteria for investors when evaluating the companys valuation.