July, a Sevenfold Increase From the $9 Billion Level at the End of 2025, As the Company Accelerates Its Preparations for an Initial Public

The surge, driven by faster adoption of Claude among corporate clients and software developers, added $18 billion to the company's revenue metric in just two months. According to a source close to the company, the annualized revenue stood at approximately $9 billion at the end of 2025 and $47 billion in May 2026, representing a gain of over 620% in the first seven months of the year. The increase between May and July was calculated at roughly 38%.

The latest figure was shared with investors during ongoing financial briefings, though Anthropic has not yet issued a separate public statement about the $65 billion amount. Annualized revenue is calculated on the assumption that the company's recent sales pace continues for 12 months, so the figure does not represent confirmed annual earnings already recorded in financial statements. Anthropic's last official public data also pointed to accelerating growth.

In April, the company announced its annualized revenue had exceeded $30 billion, more than triple the $9 billion level at the end of 2025. During a funding round in May, the same metric was reported to have passed $47 billion. The new $65 billion level reported for the end of July indicated growth continued after the second quarter of the year. The rise in revenue was attributed to increased use of the Claude model among businesses, software developers, and professional users.

Claude Code, which focuses on coding and software development tasks, has become one of the main drivers of the company's commercial growth. In February, Anthropic said it had more than 500 corporate clients spending over $1 million annually; by April, that number had more than doubled to exceed 1,000. The expansion of enterprise usage lifted not only the client count but also the average revenue per customer. The company has also signed agreements with Google and Broadcom to expand computing infrastructure to increase model capacity.

Despite this, the high energy, data center, and chip costs required to train and run AI models keep alive the question of whether revenue growth will translate into profits at the same rate. The revenue increase coincides with a period of accelerated IPO preparations. On June 1, the company announced it had submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission.

The confidential filing does not mean Anthropic will definitely complete an IPO or that the transaction will close on a specific date; the process depends on market conditions, regulatory review, and the final decision of company management. In May, Anthropic raised $65 billion from investors in a funding round that valued the company at $965 billion post-investment. The $65 billion investment in the funding round and the $65 billion annualized revenue reported at the end of July are two different metrics: the former represents new capital.

The company's projections to investors suggest 2028 revenue could range between $190 billion and $200 billion, though these figures are forward-looking estimates, not actual results. Anthropic's revenue growth shows the AI race is no longer limited to developing more powerful models. In a market with rivals such as OpenAI, Google, and Microsoft, retaining corporate clients and software developers on the platform has become a key factor determining company valuations and IPO success.