Anthropic disclosed to investors that its annualized revenue run rate reached $65 billion as of the end of July, marking a substantial increase from the prior year period. The figure was shared in a weekend update to investors and subsequently confirmed by CNBC on Monday.
The company also provided preliminary second-quarter revenue of $11.5 billion, reflecting significant expansion compared to the same period one year prior. These metrics demonstrate continued momentum in Anthropic’s business, which has benefited from growing adoption among enterprise customers. The company’s Claude artificial intelligence platform has gained traction in commercial markets.
Anthropric confidentially submitted its prospectus with the Securities and Exchange Commission in June and has been conducting preliminary meetings with potential investors ahead of a planned public offering, though no official timeline has been announced. The revenue disclosures appear designed to demonstrate business momentum to prospective investors. The company currently carries a valuation of $965 billion.
The revenue growth comes despite operational challenges Anthropic faced earlier in the year. In June, the company temporarily disabled access to two of its advanced models, Claude Fable 5 and Mythos 5, to comply with government export control directives. The models were restored after approximately two weeks of negotiations. Additionally, Anthropic was blacklisted by the Pentagon earlier in the year following discussions about military applications of its technology.
Among competitors, OpenAI has reported an annualized revenue run rate of approximately $40 billion, placing it behind Anthropic’s current pace. Anthropic generated roughly $10 billion in total revenue during 2025, with the company’s run rate at $47 billion as of May.
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