Anthropic Prepares for IPO With $65 Billion Annual Run-Rate Revenue and Margins Exceeding 80%

The Financial Times reported that Anthropic, the developer of the AI model Claude, is preparing for an initial public offering (IPO), backed by record financial performance including an annual revenue run rate of $65 billion and gross margins exceeding 80%.

The newspaper noted that the company achieved a positive adjusted operating income for the second consecutive quarter, boosting investor confidence in its ability to reach full profitability, which has remained a major challenge for leading frontier AI model providers.

This step comes at a time when the IPO market for AI companies is seeing growing interest from institutional investors, amid fierce competition between Anthropic, OpenAI, and Google DeepMind for dominance in the foundation model market.

Anthropic has not issued an official comment on the reports as of publication time, although the reported figures indicate remarkable financial maturity that makes the timing of an IPO logical, according to reports.

What do these terms mean?

- Initial Public Offering (IPO): The first public sale of a private company's shares on the stock market, allowing public investors to invest in it.

- Gross Margins: The profit margin after deducting direct production costs from revenue; 80%+ is considered exceptional in the software technology sector.

- Adjusted Operating Income: A profitability metric that excludes non-cash items such as stock-based compensation, used to evaluate actual operating performance.