Some numbers need a double take. 80x growth. In a single quarter. Not annualized — in three months.
Dario Amodei dropped the bombshell at the Code with Claude conference in San Francisco: Anthropic is now at a $30 billion annualized revenue run rate. That’s more than OpenAI, which sits at roughly $24 billion.
The Numbers in Context
The growth curve is hard to wrap your head around. January 2024: $87 million. December 2024: $1 billion. End of 2025: $9 billion. February 2026: $14 billion. March: $19 billion. April: $30 billion.
Amodei himself called the growth ‘just crazy’ and ‘too hard to handle.’ Anthropic had planned for 10x growth internally — they got 80x.
Enterprise Is Driving Everything
The driver is clear: enterprise. About 40 percent of Anthropic’s top 50 customers are financial institutions. Uber and Netflix use Claude Code. JPMorgan CEO Jamie Dimon stood on stage next to Amodei last week as Anthropic unveiled ten new financial services agents.
The difference from OpenAI: Anthropic never really had a consumer phase. The business was built from the start on enterprise API contracts and cloud provider deals with Google Cloud and AWS.
OpenAI Pushes Back
OpenAI’s Chief Revenue Officer sent an internal memo arguing that Anthropic’s $30 billion figure is overstated by roughly $8 billion. The dispute centers on whether Anthropic should report revenues from AWS and Google Cloud at gross or net value.
Regardless of accounting methodology, the trend is unmistakable. Anthropic is now valued at roughly $900 billion. An IPO later this year looks increasingly likely.
What This Means
A year ago, the question was: can anyone catch OpenAI? Today the answer is clear — and it happened faster than anyone predicted. Anthropic spends four times less on training its models than OpenAI, yet generates more revenue.
This isn’t a footnote. It’s a paradigm shift.
Sources: Fortune · VentureBeat · CNBC · SaaStr