Anthropic Expects Second Profitable Quarter Ahead of IPO
6 sourcesUpdated Sep 14, 2026
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Anthropic has told a small group of shareholders that it expects positive adjusted operating income for a second consecutive quarter, a milestone as the Claude maker prepares for a potential initial public offering. The company’s reported gross margins exceed 80% before revenue-sharing payments to partners such as Amazon and the substantial cost of training its AI models, while its annualized revenue has risen sharply to about $65 billion. Anthropic has reportedly selected Nasdaq for the listing, which could value the company at $2 trillion or more, and is seeking additional financing to support its heavy computing needs. The profitability disclosure comes as investors scrutinize the cash demands and untested economics of frontier AI businesses. The industry is also facing growing safety concerns: Anthropic CEO Dario Amodei and other technology leaders have called for a slower pace of AI development, while OpenAI CEO Sam Altman has said his company will not go public this year.
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“Anthropic expects profit as it prepares for IPO”Free account · your comment posts right after signup
A multi-trillion valuation feels aggressive even with two profitable quarters when the whole sector is still unproven.
Investors should watch whether the cash burn keeps dropping or if the IPO just masks ongoing heavy spending.
Those margins above 80 percent before costs show Anthropic is running a tighter ship than most expected this early.
