Anthropic told investors over the weekend that its annualized revenue run rate hit $65 billion at the end of July, CNBC confirmed on Monday — roughly a sevenfold jump from a year earlier and fresh evidence of the enterprise demand behind its Claude models.
The company, widely expected to be the next blockbuster AI IPO, shared the figure in an update to investors, according to three people familiar with the matter. Anthropic also disclosed preliminary second-quarter revenue of $11.5 billion, a 14-fold increase year over year.
The numbers extend a dizzying growth curve: in May the company said its run rate had topped $47 billion, up from roughly $10 billion in total revenue for all of 2025. By comparison, rival OpenAI's annualized run rate recently reached $40 billion.
Anthropic confidentially filed its prospectus with the SEC in June and has been holding preliminary meetings with potential investors, though no timeline for a debut has been set. The company is seeking to justify a $965 billion valuation; reports suggest it is projecting roughly $190 billion to $200 billion in 2028 revenue.
The update arrives amid an unusually turbulent stretch for the company. In June it had to temporarily disable two of its most advanced models, Claude Fable 5 and Mythos 5, to comply with a government export-control directive, restoring access after roughly two weeks of tense negotiations. Anthropic was also blacklisted by the Pentagon earlier this year.
The disclosure is the latest signal that enterprise AI spending remains robust even as investors debate whether the sector's valuations have run ahead of reality.
