Anthropic is not just growing fast - it is growing faster. The artificial intelligence company's annualized revenue run rate, a metric that projects a full year's income based on a shorter recent window, crossed $65 billion at the close of July, according to a Bloomberg report published Monday. That figure marks a sharp climb from $47 billion recorded in May and a dramatic leap from just $9 billion at the end of last year.

The company did not respond to requests for comment on the reported figures.

Investors Expect Growth to Continue Through Year-End

Those close to the company's investor base anticipate that Anthropic's momentum will carry through the rest of 2026. According to a report from the Financial Times, backers are projecting full-year revenue to land somewhere between $100 billion and $120 billion by the time the calendar year closes - a trajectory that would represent one of the most remarkable revenue expansions in the history of the technology industry.

The figures underscore just how rapidly demand for Anthropic's AI models has scaled, driven in large part by enterprise adoption and the growing integration of its Claude models into commercial products and services.

How Anthropic Compares to OpenAI

Anthropic's chief competitor, OpenAI, has also posted strong revenue numbers. Bloomberg reported last week that OpenAI has doubled its revenue to $40 billion, up from $20 billion at the end of 2025. While that growth is notable in its own right, it has generated comparatively less excitement among investors when placed alongside Anthropic's trajectory.

It is worth noting that the two companies may not measure or report their revenue metrics in identical ways, which means direct comparisons carry some degree of uncertainty. Even so, the gap in growth rates has drawn significant attention from the investment community, with Anthropic's acceleration standing out as particularly striking.

IPO Plans and a Potential Record-Breaking Valuation

Both Anthropic and OpenAI have filed confidential paperwork with regulators in preparation for potential initial public offerings. Based on current reporting, Anthropic appears to be further along in that process and could make its public market debut as early as this fall, ahead of its rival.

When Anthropic does go public, it is expected to seek a valuation of $2 trillion or more, according to the Financial Times. If achieved, that figure would make Anthropic's market debut the largest in recorded history, surpassing previous records set by major technology listings.

The company was most recently valued at $965 billion in late May, following the close of a $65 billion funding round - itself one of the largest private capital raises ever completed by a technology company. The jump from that private valuation to a prospective $2 trillion public valuation reflects both investor confidence in the AI sector and the extraordinary pace at which Anthropic has been scaling its business.

Founded in 2021 by former members of OpenAI, including CEO Dario Amodei and President Daniela Amodei, Anthropic has positioned itself as a safety-focused AI laboratory while simultaneously building one of the most commercially successful model families in the industry. Its rapid revenue growth suggests that the market has responded strongly to that combination of safety emphasis and product capability.