Anthropic’s annual revenue run rate reportedly hits $65 billion

Anthropic's numbers just did something wild. According to Bloomberg, the AI lab's annualized revenue run rate has climbed to $65 billion, a sevenfold jump from the roughly $9 billion in sales it was pulling in at the end of 2025.

The timing isn't an accident. Anthropic is reportedly gearing up for an IPO later this year, and a run rate like this makes for a compelling pitch to public market investors who've been circling the AI sector looking for a way in. Run rate isn't the same as actual annual revenue, but it's the kind of figure that gets bankers and headline writers excited regardless.

What makes this more interesting is the race it sets up. If Anthropic's IPO timeline holds, the company would go public in the fall, putting it ahead of both OpenAI and DeepSeek, which are also expected to eventually offer shares on public markets. Being first through the door matters when you're trying to set the narrative for how investors should value an entire category of unprofitable, capital-hungry AI companies.

And that's really the story here. A sevenfold revenue jump in under a year is the kind of growth curve that either signals a genuinely transformative business or a market still figuring out how to price something it's never seen before. Probably some of both.