Anthropic eyes Nasdaq listing as a second profitable quarter aims to win over investors ahead of a mega-IPO
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Anthropic has told investors it expects to be profitable for a second consecutive quarter, but that projection relies on an adjusted metric that excludes costs such as stock-based compensation. According to the Financial Times, its gross margins are above 80 percent, though this is calculated before revenue-sharing payments to partners such as Amazon and before the cost of training models. Quarterly revenue rose 14-fold year over year to $11.5 billion, and the annualized run rate reached $65 billion at the end of July. SemiAnalysis analyst Joey Brookhart said investors expect annualized revenue of $120 billion by the end of the year and nearly triple that by the end of 2027. Anthropic plans to list on the Nasdaq at a possible valuation of $2 trillion or more. Instead of releasing its prospectus last week as anticipated, the company initially shared the documents with only a small group of investors. Meanwhile, CEO Dario Amodei publicly called for slowing down AI development, a call backed by OpenAI CEO Sam Altman and Elon Musk. Altman also told Fortune that OpenAI will not go public this year.
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