Revenue skyrockets fivefold, surpassing OpenAI: Anthropic annualizes $45 billion and is the first to achieve profitability
According to monitoring by Beating, the latest financial data shows that Anthropic’s annualized operating revenue has soared to nearly $45 billion, not only achieving a 5-fold surge in the first five months of 2026, but also surpassing OpenAI by about 35%. In contrast, OpenAI’s current annualized revenue growth has markedly slowed, remaining only in the $30–33 billion range. At the end of last year, Anthropic’s annualized revenue was just $9 billion, less than half of OpenAI’s. This overtaking has not only shocked the industry but also introduced significant uncertainty to the upcoming IPO battle between the two companies.
Even more dramatic is the difference in the two companies’ profitability. Thanks to strong demand from enterprise clients for high-value services, Anthropic is expected to achieve $559 million in operating profit in the second quarter, with an operating profit margin of 5%, turning profitable ahead of its rival. In contrast, OpenAI has fallen deeply into a severe loss scenario. Burdened by tens of billions in server rental costs and supporting hundreds of millions of free users, OpenAI’s operating profit margin in the first quarter was -122%, equivalent to a net loss of at least $7 billion in a single quarter, with an annual burn budget of up to $25 billion.
Differing business structures also highlight each company’s advantages. Anthropic focuses on selling code-writing and white-collar automation tools to enterprises, and even allows distributor income from cloud service providers to be consolidated into its accounts. By comparison, OpenAI must permanently surrender 20% of its revenue to Microsoft and is forced to scale down high-energy-consuming projects such as the Sora video model to cut costs. OpenAI CFO Sarah Friar once expressed concerns to CEO Sam Altman about the rush to go public, but with Anthropic—financially stronger and already profitable—pressing hard, heading to the stock market for funding may have become OpenAI’s only option.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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