Anthropic posted preliminary second-quarter revenue above $11.5 billion, a fourteenfold increase from the same period a year earlier and more than double the first quarter's $4.73 billion.
The run rate tells a different story
The company said in May that annualized revenue had crossed $47 billion, up from roughly $10 billion for all of 2025, a pace that implies the latest quarter already exceeds the full-year total from just months ago.
Adjusted profit appears but details stay private
Documents viewed by Bloomberg show positive adjusted operating income for the quarter, though the figures remain preliminary and could shift. No GAAP equivalent was disclosed.
IPO talks remain high level
Early meetings with prospective investors have been led by chief financial officer Krishna Rao and have not yet touched specific financials or valuation, according to people familiar with the discussions. A CNBC request for comment went unanswered by an Anthropic representative.
Compute bill comes due
A fall listing would make Anthropic one of the first major private AI firms to tap public markets, unlocking billions for the escalating cost of compute infrastructure, advanced hardware and specialized data centers.