Anthropic Hits $65 Billion Revenue Run Rate, Surpassing OpenAI
The headline trending on X reads: "Anthropic Hits $65 Billion Revenue Run Rate, Surpassing OpenAI." But once I put both companies' numbers side by side, the $65 billion turned out not to be the most interesting part. The real story: in the same quarter, one company made $559 million and the other lost $12.3 billion. Here is everything I could verify, plus everything I could not. The numbers, laid…
Anthropic has achieved a revenue run rate of $65 billion, surpassing OpenAI in the same quarter. However, upon closer examination, the $65 billion figure reveals that one company made $559 million while the other lost $12.3 billion. Anthropic's revenue growth skyrocketed sevenfold from $9 billion at the end of 2025 to $65 billion by July.
In the most recent quarter, Anthropic reported $11.5 billion in revenue, quadrupling the $2.9 billion from the same period in 2025, representing a 50% sequential growth. OpenAI, on the other hand, recorded a second-quarter revenue of $6.7 billion, up 18% from $5.7 billion in Q1. While Anthropic's run rate exceeds OpenAI's, analysts caution that run rate can be misleading when companies show rapid acceleration.
More importantly, Anthropic posted its first-ever operating profit of $559 million in Q2, while OpenAI's operating loss widened to $12.3 billion. This highlights the stark difference in profitability between the two companies, with OpenAI's losses expanding faster than Anthropic's revenue. The disparity in revenue sources also plays a role, as OpenAI subsidizes many free users, leading to higher near-term losses, whereas Anthropic primarily serves enterprise customers who pay for outcomes.
Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
