Business
How Does Anthropic Make Money?
A clear breakdown of Anthropic's business model and where the revenue actually comes from.
Published May 2026
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Anthropic projected $559 million in operating profit in Q2 2026, their first ever, on a projected $10.9 billion in revenue. Claude Code alone is at a $2.5 billion annualized run-rate, with enterprise over half of that. The full-rate compute bill runs $1.25 billion a month.
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