Anthropic reportedly reaches $16.8 billion in quarterly revenue ahead of IPO

Anthropic reportedly generated $16.8 billion during the third quarter of 2026, an increase of about 45% from the preceding quarter. People who attended an October 14 investor meeting in San Francisco say executives presented the figures while preparing for a planned initial public offering.

Attendees put first-quarter revenue at $4.7 billion and second-quarter revenue at $11.6 billion. They also say Anthropic described its third-quarter results as profitable after adjustments. That description does not establish whether the company earned a net profit under standard accounting rules.

The Claude developer is seeking public investment as the expense of training and operating AI systems draws closer scrutiny. Its 2025 revenue reportedly totaled approximately $4.6 billion, while its operating loss exceeded $8 billion. Those figures underscore why investors are examining profitability alongside sales growth.

Formal IPO marketing could reportedly start during the week beginning November 9, potentially allowing trading to begin before Thanksgiving. People familiar with the preparations say the schedule remains subject to change. Anthropic has not publicly confirmed the quarterly figures or that timetable.