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Anthropic hits $16.8B quarterly revenue as growth slows
Anthropic generated $16.8 billion in third-quarter 2026 revenue, up 45% from $11.6 billion in Q2. The Claude maker also told prospective investors it reached adjusted profitability and positive free cash flow, with an 85% adjusted gross margin and adjusted operating margin above 11%.
That gives Anthropic a stronger IPO case, but the growth rate is slowing while infrastructure costs are rising. Some investor valuation expectations have already moved from $2 trillion to about $1.5 trillion, ahead of expected IPO marketing as soon as the week of November 9.
That gives Anthropic a stronger IPO case, but the growth rate is slowing while infrastructure costs are rising. Some investor valuation expectations have already moved from $2 trillion to about $1.5 trillion, ahead of expected IPO marketing as soon as the week of November 9.
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Anthropic reported $16.8 billion in Q3 revenue, adjusted profitability, and positive free cash flow ahead of its anticipated IPO.
now
Anthropic is expected to begin formally marketing its IPO as soon as the week of November 9.
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