# Anthropic Files Confidential Draft S-1 as Revenue Run Rate Crosses $47 Billion

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/23814
Published: 2026-09-24T16:05:11.000Z
Updated: 2026-09-24T16:05:11.000Z

An estimate put Anthropic’s annualized revenue run rate at more than $65 billion by the end of July, highlighting the artificial-intelligence company’s rapid growth as it weighs the option of going public.

The estimated run rate followed Anthropic’s disclosure that its run-rate revenue crossed $47 billion in early May, after reaching approximately $9 billion at the end of 2025. A run rate projects recent revenue activity across a full year, so it is not the same as audited annual revenue and does not establish profitability.

Anthropic develops Claude, an artificial-intelligence model and software platform used by enterprise and developer customers. Krishna Rao, Anthropic’s chief financial officer, said Claude is “increasingly indispensable to our growing global community of customers.”

The company disclosed a $65 billion Series H funding round on May 28 that valued Anthropic at $965 billion after the investment. The company’s publicly disclosed revenue milestones have risen from approximately $9 billion at the end of 2025 to more than $30 billion in April and $47 billion in May.

Anthropic also said it confidentially submitted a draft Form S-1 to the Securities and Exchange Commission on June 1. The filing gives the company the option to pursue a public listing after the SEC completes its review.

“This gives us the option to go public after the SEC completes its review,” Anthropic said.

The company has not announced an offering date, share count or price. It said any decision to pursue an IPO would depend on market conditions and other factors.