Anthropic revenue run rate tops $65 billion, source says

Anthropic's annual revenue run rate reached over $65 billion by the end of July, according to a source familiar with the company's financials. This figure marked a significant increase from $47 billion in May and a substantial jump from approximately $9 billion at the end of 2025. The startup shared this information with investors as part of their regular financial updates. Bloomberg initially reported this development on Monday.

In addition to this impressive growth, Anthropic is projecting revenue of roughly $190 billion to $200 billion for 2028. The company's IPO valuation is expected to be based on these forecasts. Earlier this year, Anthropic filed for an IPO confidentially, joining the race with rival OpenAI to make their market debut. The company has gained traction among developers through its Claude coding agent, which has helped it secure steady enterprise dollars.

Earlier in the year, Anthropic confidentially filed for an IPO as the startup and OpenAI competed to be the first major AI firms to go public. In May, Anthropic was valued at $965 billion after raising $65 billion in its Series H funding round, which doubled its valuation from $380 billion in February.