Anthropic's revenue is not only continuing to grow at a historic pace, but also accelerating. The company's annualised revenue rate—a projection of a full year's revenue based on a recent and shorter period—surpassed $65 billion in late July, according to Bloomberg's report on Monday, up from $47 billion in May and just $9 billion in late last year.
Anthropic did not immediately respond to a request for comment. The company's investors expect it to continue growing at roughly the same pace for the rest of the year, ending 2026 between $100 billion and $120 billion, according to the Financial Times.
Meanwhile, its rival OpenAI has doubled its revenue to $40 billion, up from $20 billion in late 2025, according to Bloomberg's report last week. Although the two companies may calculate their revenue metrics differently, Anthropic's growth rate has captivated investors more than OpenAI's.
Both companies have filed confidential documentation for an initial public offering. Anthropic is expected to reach the public markets before OpenAI, possibly as soon as this autumn. Anthropic will seek a public valuation of $2 trillion or more, according to the Financial Times, which would make it the largest market launch ever recorded.
Anthropic was last valued at $965 billion in late May, when it raised a $65 billion round.