Anthropic Reportedly Hits $16.8 Billion in Third Quarter Revenue Ahead of Planned IPO

Anthropic has told investors its quarterly revenue has climbed sharply in 2026, as the company gets ready for a public listing that is reportedly planned for November.

Anthropic Q3 2026 Revenue Growth

According to people familiar with the matter, Anthropic’s third quarter revenue reached $16.8 billion, up from about $11.6 billion in the second quarter. The first quarter came in at $4.7 billion, which means revenue has more than tripled in just two quarters. The company also said it was profitable on an adjusted basis in the third quarter.

Anthropic reportedly told investors it is cash flow positive, earning $1.70 in revenue for every dollar spent on computing power during the quarter, according to the Financial Times. The Wall Street Journal reported that investors expect annualized revenue to reach $110 billion by the end of the year.

Anthropic IPO Plans and Investor Meetings

The numbers are expected to be shared for the first time at a meeting with potential backers, including institutional investors, as the Claude maker prepares for its highly anticipated initial public offering. The listing is reportedly slated for November.