Anthropic earned 112.4 billion in the third quarter and made a profit

Zhixi Compiler | Yang Jingli Editor | Li Shuiqing Zhixi News on October 15, according to The Information citing people familiar with the matter, on October 14, local time, Anthropic disclosed at a potential IPO (initial public offering) investor meeting in San Francisco that the company's third quarter revenue reached 16.8 billion U.S. dollars (approximately RMB 112.392 billion), a month-on-month increase of about 45% , exceeding 3.6 times the full-year revenue in 2025. At the meeting, Anthropic disclosed that it had achieved adjusted profits in the third quarter and its operating cash flow was positive. The cumulative adjusted operating profit margin in the first three quarters of this year reached 11%. This indicator excludes major costs such as equity incentives. This investor meeting is part of Anthropic’s preparations for the IPO. According to The Information, Anthropic is expected to be launched before the Thanksgiving holiday (November 26) in November this year. In early June this year, Anthropic confirmed that it had secretly submitted a draft IPO registration document to the U.S. Securities and Exchange Commission (SEC). Reuters previously reported that the IPO valuation sought by Anthropic may exceed US$2 trillion (approximately RMB 13.38 trillion), which may surpass SpaceX’s US$1.77 trillion (approximately RMB 11.84 trillion) IPO record and become the largest IPO in history. In terms of revenue, Anthropic continued to grow in the third quarter, but the quarter-on-quarter growth rate fell back compared to the second quarter. According to The Information, in the second quarter of this year, strong market demand for its programming tool Claude Code drove the company’s revenue to grow by more than 140% compared with the first quarter; in the third quarter, the quarter-on-quarter growth dropped to about 45%. However, in terms of revenue scale, Anthropic’s single-quarter revenue in the third quarter has exceeded 3.6 times the revenue of US$4.6 billion (approximately RMB 30.774 billion) in 2025, showing that its revenue