Anthropic Reports $65B Annualized Revenue Growth and IPO Prospects

Anthropic, a leading AI model developer, has experienced exponential revenue growth, with its annualized revenue run rate surpassing $65 billion at the end of July 2026. This marks a significant increase from $47 billion in May and $9 billion at the end of 2025. Bloomberg reported that investors anticipate the company to reach between $100 billion and $120 billion by year-end, driven by its rapid growth trajectory. The Financial Times noted that Anthropic’s growth rate has captivated investors more than rival OpenAI’s, which recently doubled its revenue to $40 billion from $20 billion in 2025. Despite differing revenue calculation methods between the companies, Anthropic’s performance has attracted substantial attention. Both firms have filed confidential IPO paperwork, with Anthropic potentially entering public markets as early as fall 2026. The company aims for a public valuation of $2 trillion or more, which would make it the largest market debut on record. Anthropic’s latest funding round in May 2026 valued the company at $965 billion, reflecting its meteoric rise in the AI sector.