Artificial intelligence firm Anthropic has reached an annualized revenue run rate of $65 billion, rising sharply from $9 billion at the end of last year. The company has confidentially filed for an IPO, aiming for a potential valuation of over $2 trillion. While this growth highlights fast AI adoption, investors should note that Anthropic remains a private company and is not available for trading on Indian stock exchanges.
Artificial intelligence company Anthropic has reported a rapid increase in its business activity, reaching an annualized revenue run rate of $65 billion by the end of July 2026. This figure essentially means that if the company continues to earn money at the speed it recorded in recent months, it would generate $65 billion in one year. This is a massive jump from the $9 billion figure reported at the end of 2025 and $47 billion in May 2026.
Along with this revenue growth, the company reached a milestone in the second quarter of 2026, reporting preliminary revenue of over $11.5 billion and, for the first time, achieving a positive adjusted operating income. This suggests the company is moving toward better profitability as its business scales, although sustaining this momentum remains a task in a fast-changing market.
Anthropic has been preparing for a potential entry into the public markets. In June 2026, the company submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC). Market expectations suggest a potential stock market listing as early as this autumn, with some investors discussing a possible valuation exceeding $2 trillion. This would make it one of the largest market debuts in history if realized.
For investors following the global AI boom, it is important to understand that Anthropic is currently a private company. Unlike many listed Indian IT services or technology firms, shares of Anthropic are not available for purchase on the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). The rapid growth and high valuation targets are based on private funding rounds, with the latest valuation reaching $965 billion in May 2026.
While the growth numbers are significant, the company faces several risks that investors typically track in the AI sector. The first is the immense cost associated with computing power and building the infrastructure needed to train and run complex AI models. These expenses can put pressure on profit margins. Additionally, the competition in the space is intense, with rivals like OpenAI also aggressively growing their revenue and seeking similar public market attention.
Finally, the high valuation expectations of $2 trillion are based on aggressive growth targets, with projections looking toward $190 billion to $200 billion in revenue by 2028. If demand for AI services slows down or if the company faces execution challenges, these valuation targets could face public market scrutiny. Market sentiment toward AI companies can also shift, which may influence the final pricing when the company eventually lists on a public exchange.