Anthropic's Annualized Revenue Hits $65B ARR
Original: Anthropic’s annualized revenue surges to $65B
Why This Matters
Anthropic's rapid ARR growth and planned $2T+ IPO signal a major shift in AI industry scale and public market expectations.
Anthropic's annualized revenue run rate surpassed $65 billion at the end of July 2026, up from $47 billion in May and $9 billion at end of 2025, per Bloomberg. Investors expect full-year 2026 revenue to reach $100–$120 billion.
Anthropic's annualized revenue run rate exceeded $65 billion at the end of July 2026, according to Bloomberg, representing explosive growth from $47 billion in May and just $9 billion at the close of 2025. The company's investors project that this pace will continue, with full-year 2026 revenue expected to land between $100 billion and $120 billion, per the Financial Times. By comparison, rival OpenAI doubled its own revenue to $40 billion from $20 billion at end of 2025, though the two companies may use different revenue calculation methodologies. Anthropic's growth trajectory has attracted significantly more investor attention than OpenAI's. Both companies have filed confidential IPO paperwork, but Anthropic is expected to reach public markets first — potentially as early as fall 2026 — targeting a public valuation of $2 trillion or more, which would make it the largest market debut on record. Anthropic was last privately valued at $965 billion in late May 2026, following a $65 billion funding round. Anthropic did not respond to a request for comment.