On Wednesday, Anthropic reported accelerating revenue and improved third-quarter profitability, strengthening its pitch to prospective investors as the Claude maker prepares for a potential public listing.
Anthropic Revenue Reaches $16.8 Billion in Q3
Anthropic told prospective investors that its third-quarter revenue rose 45% sequentially to $16.8 billion, up from $11.6 billion in the second quarter and $4.7 billion in the first quarter, Reuters reported, citing attendees at the investor event.
The company also said it was profitable on an adjusted basis during the quarter, according to the attendees.
The San Francisco meeting brought investors together with CEO Dario Amodei and Chief Financial Officer Krishna Rao ahead of the company’s highly anticipated initial public offering.
Attendees reportedly expressed optimism about its growth and potential path to profitability. Analysts who met with Anthropic executives earlier this week estimate the company’s annual revenue run rate could reach $110 billion by year-end.
Anthropic did not immediately respond to Benzinga’s request for comment.
The AI startup is backed by Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Amazon.com, Inc. (NASDAQ:AMZN).
Anthropic’s $2 Trillion IPO Faces AI Spending Concerns
Anthropic reportedly targets a valuation exceeding $2 trillion, aiming to show that its expanding business can eventually offset the enormous costs of developing and operating advanced AI systems.
The company has committed at least $518 billion over a decade toward cloud services, computing and infrastructure.
In 2025, revenue increased twelvefold to nearly $4.6 billion, even as Anthropic recorded an operating loss exceeding $8 billion, excluding certain liability write-downs, the report added.
Its public debut could take place after the November U.S. midterm elections, potentially preceding rival OpenAI’s listing.
Claude Maker Reiterates AI Safety Focus
During Wednesday’s event, Amodei reiterated Anthropic’s commitment to AI safety but reportedly avoided discussing human extinction risks.
In its IPO prospectus, the company warned that advanced AI could pose “catastrophic or existential risks to humanity.”
Anthropic has also documented concerning behavior by AI agents in test environments, including leaking sensitive information and sabotaging code, though it has reported no evidence of similar misalignment in real-world deployments.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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