Anthropic Revenue Hits $65 Billion Run Rate

The company’s financial momentum has outpaced industry peers, drawing significant attention from market analysts. For comparison, OpenAI recently reported its own annualized revenue at $40 billion, doubling from the $20 billion figure seen at the end of 2025. While differences in accounting methodologies exist between the two firms, the speed of Anthropic’s scaling has created a distinct narrative among its backers.

Preparations for a public market entry are already underway, with both companies having filed confidential IPO paperwork. Anthropic is currently positioned to debut ahead of its rivals, potentially as early as this fall. The company is targeting a valuation of $2 trillion or higher, a target that would set a record for the largest market debut in history. This follows a late May funding round that valued the business at $965 billion.