Anthropic revenue run rate tops $65 billion, source says

Anthropic's projected annual revenue run rate reached over $65 billion by mid-July, according to a person familiar with the company's financials, according to a report by Bloomberg on Monday. This marks a significant increase from $47 billion in May and a staggering leap from around $9 billion at the end of 2025, as stated by the source.

The company has been forthcoming about this figure with investors, as part of their regular financial updates, the person added. Bloomberg's initial report of this development was published on Monday. Further details indicate that Anthropic anticipates generating $190 billion to $200 billion in revenue by the end of 2028, with its IPO valuation directly linked to these projections, as reported by Reuters on Friday.

The AI company has quickly risen to prominence, thanks to its Claude coding agent, which has gained significant traction among developers and is generating consistent revenue from enterprise clients. Earlier this year, Anthropic confidentially filed for an IPO, positioning itself alongside rival OpenAI as both companies vie for market debut, driven by a strong investor appetite for AI firms.

In May, Anthropic's valuation soared to $965 billion following a $65 billion Series H funding round, up from $380 billion in February, underscoring the company's rapid growth and market potential.