Anthropic Annual Revenue Surpasses $65 Billion, Soaring 7x in Half a Year and Leaving OpenAI Behind

According to sources cited by Bloomberg, Anthropic’s annualized revenue, based on current operational performance, has surpassed $65 billion—more than seven times higher than its level at the end of last year.

The report states that as of the end of July, Anthropic’s revenue run rate had reached $65 billion. This metric estimates full-year revenue based on shorter-term performance. Sources indicated that Anthropic disclosed this figure during regular updates to investors on its business operations.

This exponential revenue growth further accelerates Anthropic’s initial public offering (IPO) plans. Sources say both Anthropic and OpenAI have secretly filed for listing, with Anthropic expected to debut on Wall Street as early as this fall, ahead of OpenAI.

Anthropic, the developer of Claude and Fable, reached a valuation of $96.5 billion after completing a funding round in May, becoming one of the world’s largest private companies and surpassing its top rival OpenAI in valuation for the first time.

Anthropic declined to comment on the matter.

Once considered a latecomer in the AI race, Anthropic has steadily expanded its market share as its AI tools effectively streamline complex tasks such as coding.

Anthropic’s projected annualized revenue exceeded $9 billion by the end of 2025 and crossed the $47 billion mark in May. Bloomberg previously reported that OpenAI’s recent annualized revenue run rate has exceeded $40 billion, though the two companies may use different calculation methods.

Documents obtained by Bloomberg show that Anthropic’s preliminary revenue for its most recently completed quarter exceeded $11.5 billion, far surpassing the $787 million recorded in the same period of 2025. The documents also indicate that the company achieved positive adjusted operating income during the quarter.

In July, sources said Anthropic was meeting with investors ahead of a potential initial public offering (IPO). Bloomberg previously reported that Anthropic had secretly submitted its IPO application and was working with Morgan Stanley, Goldman Sachs, and JPMorgan Chase to advance the process.

As AI companies invest tens of billions of dollars into developing cutting-edge models, Anthropic aims to leverage the massive fundraising capabilities of public markets to maintain its lead over competitors like OpenAI.

If Anthropic successfully lists this fall, it would not only precede OpenAI but could also beat China’s AI firm DeepSeek to the public markets. As DeepSeek continues to gain market share in the AI space, the company is also preparing for an IPO. DeepSeek may file for listing as early as this year.