Anthropic revenue jumps 46% to $16.8bn as AI firm eyes record $2 trillion IPO valuation
AI developer Anthropic grew its sales by about 46% to $16.8 billion (€15bn) last quarter and turned an adjusted profit, it told investors on Wednesday, weeks before a November stock market debut that could value it at up to $2 trillion (€1.79bn).
Anthropic, the San Francisco-based developer of AI models Claude, saw its revenue surge by 46% to $16.8 billion in the July-September quarter compared to $11.5 billion in the previous period, according to the company's presentation to investors on Wednesday. The figures indicate profitability for the second consecutive quarter on an adjusted basis, showcasing $42 billion in losses in 2025, largely due to $34 billion in accounting charges from past fundraising activities.
The company aims to list on the US stock market in November as part of an IPO that could value it at up to $2 trillion. This would surpass previous valuation expectations and would position Anthropic as a major player in the competitive AI landscape, alongside rivals like OpenAI. Despite the growth, Anthropic's revenue growth has started to slow, with annualized revenue projections now expected to fall below $100 billion by the end of 2026.
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