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The Late Stage 50 · 2026 edition · #2 of 50

Anthropic

Anthropic is an AI safety and research company that builds AI systems it describes as reliable, interpretable and steerable.

Access late stageBack to the list
US$65bnRun-rate · Jul 2026
—growth not disclosed
#2rank by disclosed revenue

The figure

Revenue
$65 billion
Run-rate · Jul 20261Bloomberg · 18 Aug 2026
In US dollars
US$65bn
as stated
Standing
reported
Named press, described source — Bloomberg; the figure is attributed in the article
Published
18 Aug 2026
accessed 17 Oct 2026
Evidence
“run rate ... hit $65 billion by the end of July, said the people” — as read on the source page1Bloomberg · 18 Aug 2026
Prior year
over $5 billion
Run-rate · Aug 20252Anthropic · 2 Sept 2025
Growth
—
not shown: the Aug 2025 prior figure was a floor ('over $5 billion'), so a computed rate would overstate or understate.

Context

Founded
2021
3anthropic.com
Headquarters
San Francisco, United States
3anthropic.com
Sector
AI applications
AI research
IA40 2026
Enabler · #1
on the list 4× (2023–2026)4IA40 · 19 Oct 2026
Website
www.anthropic.com
Valuation
US$965bn
Series H post-money · May 2026 · as reported, not part of the ranking5Anthropic
Status
Private as of 17 October 2026
Newsroom/press listing opened 2026-10-17; no IPO or acquisition of the company seen (listing pages only, not a full archive search).6status check · 17 Oct 2026

Market context

Last round · Forge
Series H-1 (05/28/2026): $589.01 per share, $965B post-money valuation, $41.29B raised
7Forge Global · 16 Oct 2026
Clarity Price
$1,049.27 per share
Clarity Liquidity Index (C50) member, rank 12 of 508Clarity (formerly Hiive) · 17 Oct 2026
Last round · Clarity
Series H (May 2026): $965B post-money, $589.00 per share, $65B raised
8Clarity (formerly Hiive) · 17 Oct 2026
Implied credit rating (estimate)
BBB
AIR Platforms' unsolicited shadow rating of 1 Oct 2026, built on estimated proxy financials to 30 Jun 2026; AIR says it rests on a single quarter and that it has not seen complete financial statements9AIR Platforms research note · 1 Oct 2026
EBITDA margin (estimate)
5.4%
AIR Platforms estimate shared with Forbes; the median of AIR's seven-company listed-tech benchmark is 43.3%10Forbes (Africa edition), reporting AIR Platforms · 13 Oct 2026

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

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References

Every figure on this page, by source.

  1. 1Bloomberg · 18 Aug 2026news.bgov.com/financial-accounting/anthropic-revenue-run-rate-surpasses-65-billion-ahead-o…
  2. 2Anthropic · 2 Sept 2025www.anthropic.com/news/anthropic-raises-series-f-at-usd183b-post-money-valuation
  3. 3anthropic.comwww.anthropic.com/company
  4. 4IA40 · 19 Oct 2026www.ia40.com/the-list/
  5. 5Anthropicwww.anthropic.com/news/series-h
  6. 6status check · 17 Oct 2026www.anthropic.com/news
  7. 7Forge Global · 16 Oct 2026forgeglobal.com/anthropic_stock/
  8. 8Clarity (formerly Hiive) · 17 Oct 2026www.clarity.com/browse-companies/anthropic-stock
  9. 9AIR Platforms research note · 1 Oct 2026airplatforms.substack.com/p/ai-giants-credit-reality-check
  10. 10Forbes (Africa edition), reporting AIR Platforms · 13 Oct 2026www.forbesafrica.com/current-affairs/2026/10/13/ai-powered-bond-rating-startup-says-open-a…

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.