As of the end of July 2026, Anthropic’s annual revenue reached 65 billion US dollars, a significant increase from 47 billion US dollars in May and 9 billion US dollars at the end of last year. Investors expect the company’s annual revenue to range between 100 billion and 120 billion US dollars. Despite OpenAI doubling its revenue to 40 billion US dollars during the same period, Anthropic’s high growth rate attracted more attention from the capital market. Both companies have submitted confidential IPO documents; Anthropic plans to go public in the fall of 2026 with a target valuation of 200 billion US dollars or higher, potentially becoming the largest initial public offering in history.