Top Stories· August 17, 2026 at 11:56 p.m.
Anthropic's Annualized Revenue Surges to $65B, Setting Record for Tech Debuts
Key takeaways
- Anthropic's annualized revenue surpassed $65 billion
- The company is expected to IPO by fall with a potential valuation of $2 trillion or more
Anthropic, a leading model maker in the tech industry, has seen its annualized revenue surge to over $65 billion by the end of July. This marks a significant increase from $47 billion in May and just $9 billion at the end of last year. The Financial Times expects Anthropic's growth to continue at a similar pace, with a potential valuation of $100-$120 billion by the end of 2026.
The company's rapid growth has captivated investors more than that of its rival OpenAI, which doubled its revenue to $40 billion. Both companies have filed confidential IPO paperwork, with Anthropic expected to hit the public markets ahead of OpenAI, possibly as early as this fall.
Anthropic's valuation in May was $965 billion after a $65 billion funding round.
