Anthropic: $70B Revenue Forecast

Anthropic: $70B Revenue Forecast

4 November 2025

Anthropic anticipates generating $70 billion in revenue and $17 billion in cash flow by 2028, driven by strong enterprise demand for its AI models. The company projects its 2025 revenue from API sales to be double that of OpenAI. This growth is spurred by the increasing adoption of Anthropic's AI solutions among businesses. Anthropic's focus on enterprise-ready features, data governance, and integration with business workflows is resonating with corporate clients.

Anthropic's Claude models are gaining traction for coding, legal drafting, and financial analysis. A recent survey indicated Anthropic holds 42% of the coding market share among AI developers, surpassing OpenAI's 21%. This success has translated to an estimated $7 billion annual revenue run rate, with projections nearing $9 billion by year-end. The company's AI coding assistant, Claude Code, is nearing $1 billion in annualised revenue.

Anthropic's business model centres around research and development, investing heavily in AI to create reliable systems. The company focuses on long-term safety, aiming to develop AI that is easily understood and controlled by humans. Anthropic's strategic partnerships, particularly with Amazon and Google, provide multi-cloud neutrality, attracting enterprise clients. This approach contrasts with OpenAI's consumer-focused strategy, positioning Anthropic as a strong contender in the AI market.

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Published on 4 November 2025
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