Anthropic's revenue run rate hits $65bn, sevenfold in a year

What happened: Anthropic told investors its annualised revenue run rate hit $65 billion at the end of July 2026, CNBC reported on 17 August, confirming an earlier Bloomberg story.

The numbers: That's roughly seven times the run rate a year earlier. The figure climbed from about $9 billion at end-2025, past $30 billion in April and over $47 billion in May. Preliminary second-quarter revenue came to $11.5 billion, up 14-fold from $787 million a year earlier, with positive adjusted operating income for the quarter, though not GAAP profit.

The context: Booked revenue for the first half of 2026 was closer to $16.2 billion; the run rate figure annualises a single month's pace rather than reflecting actual bookings. Anthropic also reports cloud-reseller revenue gross.

Why it matters: The growth is being driven by businesses using Claude for coding and agent work, according to TechCrunch. It cements Anthropic as the fastest-growing major AI lab by this measure.

The rivals: OpenAI's run rate recently reached about $40 billion, CNBC reported, putting Anthropic well ahead on this metric.

Who's affected: Investors are watching closely. Anthropic was valued at $965 billion in a $65 billion funding round in late May.

What's next: Anthropic confidentially filed an IPO prospectus in June and has held early investor meetings, though no listing timeline is set. The Financial Times reported investors expect the company to end 2026 at a $100-120 billion run rate, and that Anthropic may seek a public valuation above $2 trillion, which would be the largest debut on record. Reuters reported 2028 revenue projections of roughly $190-200 billion.