Anthropic Reports Second Consecutive Quarter of Adjusted Profit Ahead of Planned IPO

Anthropic has informed investors that it will achieve positive adjusted operational profit for the second consecutive quarter. This metric excludes costs such as stock based compensation. The company reported that its gross margins are above 80 percent before accounting for model training costs and revenue shared with distribution partners like Amazon. In the second quarter, the company saw revenue increase 14 times over the previous year to 11.5 billion dollars, reaching an annualized revenue of 65 billion dollars by the end of July.

These financial updates come as Anthropic prepares for an initial public offering on the Nasdaq. One source indicates the IPO could value the company at 2 trillion dollars or more, although the company has declined to comment. Instead of releasing a public prospectus last week, Anthropic shared documents with a small group of investors to address questions before making them public.

Despite the financial growth, the AI sector faces significant tension. Anthropic CEO Dario Amodei recently called for the industry to slow the pace of development due to concerns over the power of new models. This sentiment was echoed by OpenAI CEO Sam Altman and SpaceX president Elon Musk. Altman confirmed that OpenAI will remain a private company this year, stating that 2026 would be an imprudent time for an IPO given AI safety concerns.

Reports indicate that employees from rival AI laboratories have been in close contact to discuss safety measures, which is unusual given the competition. These discussions are reportedly driven by security failures and growing discomfort among researchers regarding model capabilities.