Anthropic's revenue run rate hits $65B, up sevenfold ahead of IPO
What's the deal? AnthropicDealroom has a profile for this one. Try Dealroom →'s annualized revenue run rate reached $65 billion at the end of July, a sevenfold jump from a year ago, according to an update the company shared with investors over the weekend and confirmed by CNBC. The Claude creator also posted a preliminary $11.5 billion in second-quarter revenue, a 14-fold rise year on year.
Why now? The figures land as Anthropic prepares for what is expected to be a major IPO. It confidentially filed its prospectus with the Securities and Exchange Commission in June and has held preliminary meetings with potential investors, though it has not set a timeline.
What's the endgame? Anthropic is working to justify its $965 billion valuation and show sustained momentum. In May, it said its run rate topped $47 billion, up from roughly $10 billion in revenue for all of 2025.
What could go wrong? The company faces a fraught relationship with the Trump administration. In June, it temporarily disabled two of its most advanced models, Claude Fable 5 and Mythos 5, to comply with an export control directive citing "national security authorities," restoring them after about two weeks of negotiations.
"We look forward to deepening our government collaboration," Anthropic said in a blog post at the time, thanking users "for bearing with us through this disruption."
The signal: Anthropic's growth outpaces chief rival OpenAI, whose annualized run rate recently hit $40 billion. The numbers underscore surging enterprise demand for AI models as both companies race toward the public markets.
Image credit: Dario Amodei's X profile
