Anthropic Run Rate Hits $65 Billion and Leaves OpenAI $25 Billion Behind

Anthropic's annualized revenue run rate reached $65 billion at the end of July, roughly $25 billion above OpenAI's, according to people familiar with the figures.

The company shared the number in a routine investor update as it prepares for a public listing. Bloomberg reported that the debut could come as soon as this fall.

Anthropic Revenue Run Rate Expands 622% Since Late 2025

Annualized revenue run rate is an estimate of how much revenue a company would generate over a full year if its current revenue pace continued unchanged. Anthropic crossed roughly $9 billion at the end of 2025 and $47 billion in May, Bloomberg reported.

That path works out to a 622% expansion across seven months. The May-to-July stretch alone added $18 billion, a gain of about 38%.

Meanwhile, the AI firm's preliminary second-quarter revenue topped $11.5 billion, against $787 million in the same quarter a year earlier. Quarterly revenue also more than doubled from $4.73 billion in the first quarter.

Anthropic posted positive adjusted operating income for the period. The company reportedly generated about $10 billion in total revenue throughout 2025, according to financial figures cited by CNBC.

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