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Anthropic's IPO filing shows $11.6 billion in second-quarter revenue

Revenue from existing customers grew ninefold in a year, which raises pressure on rival OpenAI as it competes for business buyers.

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Anthropic generated $11.6 billion in second-quarter revenue, 2.5 times its revenue for all of 2025. But its IPO filing shows the scale of its spending ambitions, including hundreds of billions of dollars in computing deals with Google, Amazon, SpaceX and others. Full story:
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Anthropic’s IPO filing reveals an 85% gross margin on running existing models, even as it relies heavily on rented computing power. The filing also outlines ways shareholders could eliminate the powers of its unusual AI safety trust. Read AI Agenda:
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Anthropic’s revenue from existing customers has grown ninefold over the past year, according to its IPO filing. That raises the stakes for OpenAI, which is racing to release a more capable model while competing on price. Read more:
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How the headline evolved

  1. Anthropic's IPO filing shows $11.6 billion in second-quarter revenue

  2. Anthropic's IPO filing shows $11.6 billion in second-quarter revenue

  3. Anthropic's IPO filing reports $11.6 billion in second-quarter revenue

  4. Anthropic's IPO filing shows $11.6 billion in second-quarter revenue

  5. Anthropic's IPO filing shows 85% gross margin and fast revenue growth

  6. Anthropic's IPO filing reveals 85% gross margin and rapid revenue growth

  7. Anthropic's IPO filing shows 85% margin and surging revenue

  8. Anthropic's IPO filing shows 85% gross margin on existing models

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