TL;DR

Anthropic’s annual revenue run rate went past $65bn (about £48bn) by the close of July, according to a person briefed on the figure. That compares with $47bn in May, and with roughly $9bn as 2025 closed. Investors received the number through the company’s routine reporting.

What the metric does and does not say

A run rate annualises current sales; it is a projection dressed as a measurement, and it captures a moment rather than a year. On that basis Anthropic’s pace has risen roughly sevenfold in seven months, and by close to 40% since May alone.

The company credits enterprise demand, particularly for its Claude coding agent, which has found an audience among developers and turned that into recurring corporate spending. Bloomberg reported the figure first.

Where it sits against the listing

The number arrives with the IPO in view. Anthropic filed confidentially earlier this year, and its valuation is understood to rest on 2028 revenue of roughly $190bn to $200bn — a forecast Resultsense covered yesterday. A $65bn run rate is the first hard datapoint against which that projection can be judged, and it implies the trajectory has to hold for another two years.

Valuation has moved at a similar speed. Anthropic was worth $965bn in May after a $65bn Series H, having been at $380bn in February. Both it and OpenAI are racing for a market debut while investor appetite lasts.

Looking forward

The timing is pointed. On the same day, an ECB blog argued that a correction in tech valuations is likely and that policymakers have less room to cushion one than during the dot-com era. A genuine revenue figure is the strongest available counter to the bubble case — though sevenfold growth in seven months is also precisely the pattern that makes economists nervous. For UK buyers, the practical read is that Claude’s enterprise pricing is being set by a company with no reason yet to compete on cost.