Anthropic $65 billion revenue run rate reported for July

Anthropic told investors that its annualized revenue run rate reached $65 billion at the end of July, according to CNBC and Reuters, citing people familiar with the private updates. The reported Anthropic $65 billion revenue run rate was about $18 billion higher than the $47 billion level the company publicly disclosed in May, an increase of roughly 38% by calculation.

The reports place the Claude developer’s latest sales pace in the context of a potential initial public offering. CNBC reported that Anthropic confidentially filed an IPO prospectus with the US Securities and Exchange Commission in June and had held preliminary meetings with prospective investors, though the company had not announced a timetable for a market debut.

Anthropic declined to comment to CNBC and has not publicly confirmed the July figure in the supplied reporting. Its newsroom index lists July and August announcements, but does not include an announcement confirming the reported $65 billion run rate.

What is Anthropic’s $65 billion revenue run rate?

A revenue run rate annualizes a company’s current sales level. Reuters described it as a measure that projects annual performance by extrapolating the present pace of revenue, rather than reported revenue booked over a completed financial year. It therefore does not establish what Anthropic will record as full-year revenue or guarantee future sales.

The reported July measure should also be kept separate from CNBC’s sourcing on a preliminary second-quarter revenue figure. The available reporting does not provide enough detail to reconcile that quarterly figure with the annualized July sales pace.

How quickly has the reported sales pace grown?

Anthropic’s own disclosures provide several earlier markers. In April, the company said run-rate revenue had surpassed $30 billion, compared with approximately $9 billion at the end of 2025. In its May 28 Series H announcement, Anthropic said the metric had crossed $47 billion earlier that month.

Using Reuters’ approximately $9 billion end-2025 baseline, the reported $65 billion July figure would be more than seven times higher. These are point-in-time annualized measures, not a sequence of audited full-year revenue results.

Anthropic said in May that it raised $65 billion in Series H financing at a $965 billion post-money valuation. The company said the capital was expected to support safety and interpretability research, additional computing capacity, and products and partnerships. In April, it also said it had agreed to commit more than $100 billion over 10 years to Amazon Web Services technologies and secure up to five gigawatts of capacity to train and operate Claude.

The reported increase in run-rate revenue offers prospective investors a more recent indication of demand than May’s public update. It remains a reported investor communication based on unnamed sources, rather than a financial figure confirmed publicly by Anthropic.

This story draws on original reporting from CNBC.