Anthropic's quarterly revenue exceeded $11.5 billion, an increase of over 14 times.

      Anthropic has informed potential investors that its revenue for the second quarter surpassed $11.5 billion, which is over 14 times the $787 million it earned during the same period last year, and it also achieved a positive adjusted operating income. These figures are preliminary as the company gets ready for a public listing.

      According to documents reviewed by Bloomberg, Anthropic indicated that its second-quarter revenue exceeded $11.5 billion, a significant increase from the $787 million reported in the same quarter of 2025. The growth from the first quarter is similarly notable, with revenue of $4.73 billion indicating that the company has more than doubled its earnings in just three months, amounting to approximately $16.2 billion for the first half of the year.

      The more significant aspect is that Anthropic achieved a positive adjusted operating income during the quarter, a milestone not reached by the leading AI research labs.

      All reported figures are preliminary and subject to change, and Anthropic has chosen not to comment further.

      What is particularly noteworthy is how the information has been presented. The industry has requested a valuation based on annualized run rates—calculating current revenue and projecting it over a year—but Anthropic has opted to present a completed quarter and an operating income figure to investors.

      The numbers also align well. Multiplying the quarterly revenue of $11.5 billion over four quarters gives a total of $46 billion, which is close to the $47 billion run rate the company announced in May, indicating a higher level of consistency than typically seen in such figures.

      Caution is advised when comparing it to OpenAI. The reported figure for OpenAI exceeds $40 billion, but that represents a run rate rather than quarterly revenue, and as noted by Bloomberg, the calculations for the two may differ.

      The intention behind this disclosure is tied to the company's listing. Anthropic has filed confidentially and is collaborating with Morgan Stanley, Goldman Sachs, and JPMorgan. According to backers, the Financial Times reports that there is an expectation of a $2 trillion valuation in October.

      Timing plays a crucial role in the strategy. An autumn market entry would allow Anthropic to go public before OpenAI, which is currently facing scrutiny from its investors regarding its valuation, and also ahead of DeepSeek, which is getting ready to file.

      There is significant demand for initial public offerings, with listings this year raising $256.4 billion, excluding special purpose acquisition companies (SPACs), marking the highest total since 2021.

       Published August 15, 2026 - 5:34 pm UTC

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