Anthropic is projected to hit $9 billion in annual revenue run rate by the end of 2025.
For 2026, it has set even more aggressive targets: a base case of more than doubling to $20 billion in annualized revenue and a best case of as much as $26 billion.
It has more than 300,000 business and enterprise customers, which account for about 80% of its revenue.
And Claude Code, which has reached an annualized revenue run rate of nearly $1 billion since its launch earlier this year.