Anthropic reported a surge in revenue by way of third-party reporting: Bloomberg stated the company’s annualized revenue run rate topped $65 billion at the end of July, marking a sharp rise from $47 billion in May and $9 billion at the end of last year.
Revenue trajectory and comparisons
The Bloomberg figures show a multifold increase in a short period. Bloomberg also reported that OpenAI’s revenue doubled to $40 billion, up from $20 billion at the end of 2025. The two companies may use different methods to calculate run rates, and Bloomberg’s reporting is the basis for the numerical comparisons cited.
According to the Financial Times, Anthropic’s investors expect the company’s growth rate to continue through the remainder of 2026, projecting year-end revenue between $100 billion and $120 billion. Those growth expectations were reported to reflect investor models rather than an official company forecast.
Public offering plans and valuation
Both Anthropic and OpenAI have filed confidential paperwork for initial public offerings, the reports state. The Financial Times indicated that Anthropic could reach public markets ahead of OpenAI — possibly as soon as this fall — and that the company may seek a public valuation of $2 trillion or more.
Anthropic’s most recent private valuation was $965 billion in late May, when it raised a $65 billion funding round, as reported. The fundraising and valuation figures were presented in the same coverage that noted the company’s rising revenue run rate.
Bloomberg and the Financial Times are cited for the revenue, investor expectations, IPO timing and valuation details. No company comment was reported alongside these figures in the coverage.
Original source: TechCrunch AI