Anthropic, the artificial intelligence firm behind the Claude chatbot, has informed a small group of shareholders that it anticipates reporting an adjusted operating profit this quarter. This marks the second consecutive period of profitability for the company, as it gears up for a potential initial public offering (IPO) on Nasdaq.
The company's gross margins are said to exceed 80% before factoring in revenue-sharing payments to partners like Amazon.com Inc. and the substantial costs associated with training its AI models. This financial performance is a significant turnaround for Anthropic, which was valued at $965 billion during its Series H funding round in May 2026.
The anticipated IPO could value Anthropic at an astonishing $2 trillion, indicating strong market confidence in its future growth prospects. This potential valuation is based on projected revenues that could reach up to $200 billion by 2028. The news has reportedly decreased the likelihood of Anthropic's market capitalization being less than $1.25 trillion at the IPO close.
Market participants are closely monitoring Anthropic's financial disclosures and any amendments to its IPO filing for further clarity on revenue growth and valuation. Regulatory developments and strategic investments from major stakeholders such as Amazon or Google could also influence market expectations and the final valuation range of the IPO.
