Anthropic's annualized revenue run rate has exceeded $65 billion, according to figures circulating ahead of a potential IPO. This represents a more than sevenfold increase from roughly $9 to $10 billion at the end of 2025. The company generated $4.73 billion in Q1 2026, which more than doubled to over $11.5 billion in Q2.
Revenue Growth
A year prior, Q2 2025 came in at $787 million, meaning the company roughly multiplied its quarterly revenue by 14 times in twelve months. Earlier in 2026, the annualized run rate stood at around $30 billion, which increased to $47 billion by late May and has now crossed $65 billion.
Projections
Projections from August 2026 suggest annualized revenue could land between $100 billion and $120 billion by year-end, driven primarily by enterprise adoption of Claude's coding tools. The $100 to $120 billion annualized revenue target for year-end 2026 is an investor projection, not company guidance.