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Anthropic Posts Positive Cash Flow as Q3 Revenue Reaches $16.8 Billion
Revenue growth slowed to 46%–50% from 143% in Q2. Anthropic confidentially filed for an IPO in June, with timing and terms uncertain.

Anthropic was cash-flow positive ahead of a potential public offering, while Q3 revenue reached $16.8 billion.
Revenue growth slowed to between 46% and 50% in Q3 from 143% in Q2. The quarter’s sales were more than 3.5 times Anthropic’s nearly $4.6 billion in revenue for all of 2025. The Q3 revenue disclosure put the quarter’s revenue at $16.8 billion.
Anthropic confidentially filed for an IPO in June. The offering’s timing and terms remain uncertain.