Anthropic is projecting one of the steepest growth curves in the AI sector as enterprise customers line up to boost the firm’s revenue.
The AI startup, founded by former OpenAI leaders, expects its annualized revenue to reach $9 billion by the end of 2025 and surge as high as $26 billion in 2026, driven by the accelerating adoption of its enterprise products, reports Reuters.
Two people with knowledge of the matter say Anthropic is targeting a $20 billion annual revenue run rate for 2026 as its base-case scenario, with the $26 billion figure projected for the best-case outcome. The acceleration reflects the company’s push to expand business and government use of its Claude family of AI models.
The AI startup says its annual revenue run rate nears $7 billion this month, but the firm did not comment on future expectations. In August, Anthropic’s revenue run rate had shattered $5 billion.
The rapid rise in revenue is driven by 300,000 enterprise customers, accounting for 80% of Anthropic’s sales. Anthropic’s code-generation tool Claude Code has already reached a $1 billion annualized run rate since launching earlier this year. The company also released a cheaper version of its base model, Haiku 4.5, priced at about one-third the cost of its mid-tier model, Sonnet 4.
Over the weekend, venture capitalist Deedy Das showed that Anthropic had a $183 billion valuation with more than $5.5 billion in sales. The data also revealed that the firm boasts a year-over-year growth rate of about 500% and a revenue multiple of 33.2x, lower than the figures reported for OpenAI (41.7x) and xAI (1,000x).
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