Anthropic Nears $20 Billion Revenue Run Rate Amid Pentagon Feud

Anthropic PBC is on track to generate annual revenue of almost $20 billion, a projection based on current performance, more than doubling its run rate from late last year — a sign of the AI company’s rapid growth in the lead-up to its recent clash with the Pentagon.

The artificial intelligence company recently surpassed $19 billion in run-rate revenue, up from $9 billion at the end of 2025 and roughly $14 billion a few weeks ago, according to people familiar with the matter. The growth in run rate was driven by strong adoption of Anthropic’s AI models and products including its coding tool, Claude Code, said the people, who spoke on condition of anonymity as the information is not public.