Anthropic Hits $30B Run Rate, Overtaking OpenAI in Annualized Revenue
On April 7, Anthropic announced that its annualized revenue run rate had crossed $30 billion the first time it has out-earned OpenAI, which sits at $25 billion.
Claude Code and Enterprise Strategy Drive Historic AI Revenue Crossover
The pace of growth is difficult to overstate. Anthropic’s annualized revenue run rate surged from $87 million in January 2024 to $1 billion by December 2024, $9 billion by end of 2025, $14 billion in February 2026, $19 billion in March, and $30 billion in April a trajectory that CEO Dario Amodei said outstripped the company’s own forecasts by a factor of eight.
For context, Salesforce took about 20 years to reach $30 billion in annual revenue. Anthropic did it in under three years from a standing start.
The engine behind Anthropic’s $30 billion annualized revenue milestone is largely its enterprise-first positioning. Over 80% of Anthropic’s revenue comes from enterprise customers and API calls, contrasting sharply with OpenAI, where more than 80% of revenue is driven by consumer subscriptions to ChatGPT.
Over 1,000 enterprise customers now spend more than $1 million per year on Claude a figure that was 500 when Anthropic closed its Series G in February, doubling in under two months.
Claude Code, Anthropic’s agentic coding tool launched publicly in mid-2025, has become the fastest-growing product in the company’s history. It hit $1 billion in annualized revenue within six months of launch and was generating over $2.5 billion in run-rate revenue by February 2026, with business subscriptions quadrupling since the start of 2026.
OpenAI is burning approximately $17 billion in cash this year, projecting a $14 billion loss for 2026, while Anthropic is on track for positive free cash flow by 2027 a three-year head start on profitability that investors are closely watching as both companies eye public listings later this year.
