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Anthropic revenue run rate surges past $65B, outpacing OpenAI

Anthropic's revenue run rate hits $65B, seven times growth, surpassing OpenAI.

  • Anthropic‘s annualized revenue run rate surged past $65 billion in late July, a sevenfold increase from the end of last year.
  • The company posted preliminary quarterly revenue exceeding $11.5 billion with positive adjusted operating income, according to Bloomberg.
  • Anthropic’s run rate now surpasses rival OpenAI‘s $40 billion mark as the firm prepares for a potential public listing as early as this autumn.

Artificial Intelligence developer Anthropic PBC has seen its annualized revenue trajectory soar past $65 billion as of late July, according to figures Bloomberg reported. The rapid escalation marks a more than sevenfold expansion from the company’s run rate at the close of last year.

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The dramatic climb in projected full-year sales bolsters preparations to go public, with Anthropic positioned to debut on Wall Street as early as this autumn. The firm posted a preliminary revenue figure exceeding $11.5 billion for its most recent quarter, reflecting a sharp increase from the $787 million reported during the same period in 2025.

Crucially for institutional investors, the startup also delivered positive adjusted operating income over the quarter. Its annualized revenue run rate crossed $9 billion in late 2025 before accelerating past $47 billion in May.

Anthropic internally projected roughly $190 billion to $200 billion in revenue in 2028, Reuters reported on Sunday, citing people familiar with the matter. The estimates signal expectations for sharp growth and serve as a key barometer for investors assessing their bets ahead of the AI company’s massive IPO.

Anthropic‘s latest benchmark puts its revenue pace ahead of main competitor OpenAI, whose annualized run rate recently topped $40 billion. Retail sentiment on Stocktwits was ‘bullish’ on Anthropic with ‘high’ message volumes.

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