Anthropic's quarterly revenue exceeded $11.5 billion, representing 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 reported in the same quarter last year, and that it achieved positive adjusted operating income. These figures are preliminary and accompany the company's preparations for a public listing.

      According to documents viewed by Bloomberg, Anthropic's second-quarter revenue has exceeded $11.5 billion, significantly higher than the previous year's $787 million during the same period of 2025.

      The sequential increase is notable as well. The first-quarter revenue was $4.73 billion, meaning the company has more than doubled its revenue within three months, totaling approximately $16.2 billion for the first half of the year.

      The more significant aspect is the reported positive adjusted operating income for the quarter, which is not something that the leading AI laboratories have been able to report.

      All these numbers are preliminary and may be subject to change, and Anthropic has chosen not to comment.

      What is particularly noteworthy is how the disclosure has been presented. The industry has typically sought to be evaluated based on annualized run rates, which take current revenue and project it outward, but Anthropic has now supplied investors with an actual completed quarterly figure along with operating income.

      The numbers appear to be aligned as well. Four quarters at $11.5 billion amounts to $46 billion, closely matching the $47 billion run rate disclosed by the company in May, indicating more consistency than is usually seen with such figures.

      When comparing with OpenAI, caution is necessary. OpenAI’s reported figure of more than $40 billion represents a run rate, not a quarterly revenue figure, and Bloomberg points out that the two may not be calculated in the same manner.

      The intention behind this disclosure is to facilitate a public listing. Anthropic has filed confidentially and is collaborating with Morgan Stanley, Goldman Sachs, and JPMorgan, with sources telling the Financial Times that they anticipate a $2 trillion valuation by October.

      The timing is part of a strategic approach. A fall debut would allow Anthropic to enter the public market ahead of OpenAI, which is currently facing valuation scrutiny from its investors, and before DeepSeek, which is preparing for its own filing.

      There is significant demand for listings, with $256.4 billion raised this year, excluding special purpose acquisition companies (SPACs), marking the highest amount since 2021.

       Published August 15, 2026 - 5:34 pm UTC

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