Anthropic tells investors Q3 revenue hit $16.8B ahead of IPO
Anthropic told prospective investors at a presentation at its San Francisco headquarters that third-quarter revenue reached $16.8 billion, up from $11.5 billion in the second quarter — a roughly 45% sequential jump, according to Bloomberg, The Information and other outlets citing people familiar with the matter. The company also said it was profitable on an adjusted basis in the quarter, with an 85% adjusted gross margin, an adjusted operating margin above 11% and positive free cash flow. Sources said Anthropic expects to begin its IPO roadshow as early as the week of Nov. 9 and could list before Thanksgiving, though discussions are ongoing and timing may change.
The figures are the clearest pre-IPO look at the scale and profitability of a leading AI model developer, and will shape how investors price the offering.