Anthropic hits $30B as enterprise demand surges

While rivals zigged, Anthropic zagged, and the bet keeps paying off.

On Monday, the company announced that its revenue run-rate, or its financial forecast based on current performance, has surpassed $30 billion. This figure is nearly triple the run rate at the end of 2025, which came in at $9 billion, and double that of mid-February, which the company reported was $14 billion. By the end of February, CEO Dario Amodei confirmed annual revenue had exceeded $19 billion.

This exponential growth results from an equally notable increase in customer demand. In February, Anthropic disclosed that over 500 business customers were spending over $1 million, and now reports that the number exceeds 1,000 businesses, representing a two-fold growth in less than two months.

The rapid growth can be mostly attributed to Anthropic's laser focus on enterprise. For instance, Claude Code, a go-to coding tool for many developers, alone generated a run-rate revenue of over $2.5 billion by February.

In that same month, weekly active users have also more than doubled since January 1, and business subscriptions to Claude Code have quadrupled since the beginning of 2026. Those figures are likely much larger now. This success has allowed the company to bridge the gap with the much bigger OpenAI, despite the company kick-starting the AI race as we know it.

At the end of February, OpenAI topped $25 billion in annualized revenue, according to a report from The Information, citing a person familiar with the figure, representing a 17% increase from the annualized revenue it generated at the end of the year. The comparison isn't perfectly apples-to-apples, as the two companies use different methods to calculate revenue, as noted by the WSJ. But with an IPO in the works, the ChatGPT maker has recently made moves to pivot towards enterprise, just like Anthropic.

Last month, it shut down its Sora generative AI video platform, ended its $1 billion content partnership with Disney, and put its ChatGPT "adult mode" on hold, all while OpenAI CTO Sarah Friar acknowledged that enterprise "is a very profitable business at scale" and that it's how OpenAI will "build a sustainable business model."

To meet growing demand and scale up the computing it needs to power it, Anthropic also announced an expansion of its existing partnership with Google Cloud and Broadcom by signing a new agreement. The resulting multiple-gigawatt TPU capacity is expected to come online beginning in 2027, according to the blog post.

Anthropic has had a couple of challenging months, making headlines for reasons it has typically avoided in the past: controversy and accidental data exposures. Anthropic found itself in a battle with the Pentagon after the Pentagon demanded the ability to use Claude for all lawful purposes, including autonomous weapons and mass surveillance, and, upon Anthropic's refusal, labeled it a "supply chain risk." It also suffered two accidental data leaks within five days of each other in late March. Yet through it all, the company is reportedly considering going public as soon as October, putting it in a race with rival OpenAI for a public listing. Against that backdrop, it is a sound strategic move for Anthropic to continue investing in and reporting results from what it does best -- a focus on enterprise, which remains the core driver of its growth and revenue.