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Anthropic Reports $16.8B Q3 Revenue, Eyes November IPO
Confirmed
In Short: CNBC and Pymnts reported that Anthropic announced third-quarter revenue of $16.8 billion, with plans for a November IPO.
Euronews.com and Storyboard18 reported that Anthropic's revenue increased by 46% from $11.5 billion in the previous quarter.
According to CNBC, Anthropic is cash-flow positive, generating $1.70 in revenue for every dollar spent on computing power during the third quarter.
CNBC also reported that Anthropic was profitable on an adjusted basis in the third quarter, with revenue rising from $11.6 billion in the second quarter.
Euronews.com noted that Anthropic is aiming for a valuation of up to $2 trillion, with Goldman Sachs and Morgan Stanley reportedly leading the deal.
CNBC and Pymnts reported that investors expect Anthropic to reach $110 billion in annualized revenue by year-end.
Euronews.com and Storyboard18 reported that Anthropic could start marketing its shares to investors as soon as the week of November 9.
Hurriyetdailynews (Türkiye) reported that Anthropic told investors it was free cash flow positive and had an 11 percent operating margin, both adjusted, in the third quarter.
Indian Television Dot Com reported that Anthropic's third-quarter revenue was $16.8 billion, a 45% increase from $11.6 billion in the second quarter.
Tech-Insider reported that Anthropic generated more than $33 billion in combined revenue across the first nine months of 2026.
Tronweekly reported that Anthropic could begin marketing its IPO to investors around mid-October.
TechCrunch reported that Anthropic's run-rate revenue has increased by 70% since July, reaching $40 billion in August.
Warpbeat reported that Anthropic is expected to begin marketing its IPO in mid-October, with a listing before the U.S. midterm elections.
What this adds
The sources have not established a consistent timeline for the IPO marketing and listing dates, with some outlets reporting mid-October and others November.
What's confirmed
- Anthropic told investors its third-quarter revenue stands at $16.8 billion as it prepares for a highly anticipated initial public offering reportedly slated for November, according to people familiar with the matter.
- Investors expect Anthropic to reach $110 billion in annualized revenue by year-end.
- It presented the figures to investors at its headquarters on Wednesday.79bn).
What's still developing
- Data is a real-time snapshot *Data is delayed at least 15 minutes.
- Rival OpenAI, the maker of ChatGPT, was approaching $50 billion (€44.7bn) in annualised revenue at the end of September, although the two count revenue differently, so the figures are not like for like.
- On standard accounting measures, Anthropic lost $42 billion (€37.5bn) in 2025 on revenue of $4.6 billion (€4.1bn), according to a draft prospectus reported last month, largely because of $34 billion (€30.4bn) in accounting charges linked to past fundraising.
- Claude maker reports $16.8 billion in third-quarter revenue and an 85 per cent adjusted gross margin MUMBAI: Anthropic’s numbers are learning to speak for themselves, and the conversation is getting expensive.
- The artificial intelligence company behind Claude has reportedly posted third-quarter revenue of $16.8 billion, a 45 per cent jump from $11.6 billion in the second quarter, as it prepares for a potential initial public offering that could value it at more than $2 trillion.
- Its 85% adjusted gross margin reflects revenue after certain direct costs associated with generating that revenue, rather than the total cost of developing, training and operating AI systems.
- Anthropic walked a room full of prospective investors through its books on October 14, 2026, and the numbers it showed them point toward one of the fastest revenue climbs any private technology company has ever reported ahead of a stock listing.
- Anthropic IPO is preparing for a potential public-market debut in October, with sources indicating that the artificial intelligence company could begin marketing its IPO to investors around mid-month.
- Also Read | HYPE Price Targets $100 as Whale Buying and Hyperliquid Buybacks Fuel Rally Sources familiar with Anthropic IPO’s timeline say the company will delay the publication of its IPO prospectus by two weeks until late September.
- While Anthropic momentarily outpaced OpenAI at the start of the year, recent strategic refocus on key areas like coding has fueled a 70% jump in run-rate revenue since July, reaching $40 billion in August, according to the report.
- Tuesday, September 29, 2026 · 2:09 AM ET In Short: Anthropic's IPO prospectus details significant financial losses and warns of potential existential risks posed by AI.
- Anthropic has warned that changing government attitudes toward the company and its artificial intelligence technology could have consequences extending beyond its direct government business, potentially affecting commercial customers, partners and other relationships.