"Anthropic still hasn’t made its prospectus public, so New Constructs hasn’t seen the actual filing. However, the firm cited figures that have been reported, including from the New York Times, which reported in September that the company was on pace to generate $100 billion in annualized revenue by the end of 2026."
Anthropic's annualized revenue run rate reached $65 billion at the end of July 2026, up from just over $5 billion in August 2025 (Anthropic, CNBC) Anthropic made nearly $4.6 billion in revenue in 2025, 12x more than in 2024 (IPO prospectus, via Reuters, September 2026) Anthropic's preliminary Q2 2026 revenue was more than $11.5 billion, ahead of OpenAI's $6.7 billion (Bloomberg and The Wall Street Journal, August 2026)
https://explodingtopics.com/blog/anthropic-revenue
So, the Q2 revenue was $11.5 billion. The claimed $65 billions are "annualized revenue run rate". Please show me where that term is defined reliably. It's a BS marketing term to obfuscate real revenue after the tokenmaxxing hype has ended.
That according to "a person familiar with the matter" aka an anonymous source. From https://www.reuters.com/commentary/breakingviews/anthropic-g...