Anthropic tells investors annualized revenue run rate climbed to $65 billion in July — SkimNews
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- Anthropic told investors its annualized revenue run rate hit $65 billion at the end of July, a sevenfold increase from a year ago, in a weekend update first reported by Bloomberg and confirmed by CNBC via three unnamed sources
- Anthropic posted preliminary Q2 revenue of $11.5 billion, a 14-fold jump year-over-year, against roughly $10 billion in total 2025 revenue, per one source familiar
- Anthropic confidentially filed its IPO prospectus with the SEC in June and is running preliminary investor meetings while working to justify a $965 billion valuation
- Anthropic temporarily disabled Claude Fable 5 and Mythos 5 in June to comply with an export control directive citing "national security authorities," restoring both models after roughly two weeks of tense negotiations
- Anthropic was blacklisted by the Pentagon earlier this year after military-use talks broke down, deepening tensions with the Trump administration
- OpenAI, Anthropic's chief rival, recently hit a $40 billion annualized revenue run rate, trailing the pace of Anthropic's growth
Why it matters: Anthropic is selling a $65 billion run rate to IPO investors while seeking to justify a $965 billion valuation, but its government relationship is fragile: the Pentagon blacklisted it earlier this year, and in June it had to pull two advanced models to comply with export controls. The steep growth trajectory may not be enough on its own to clear the geopolitical risk premium that early public-market backers are likely to price in.
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