Anthropic disclosed to investors on Wednesday that its third-quarter revenue reached $16.8 billion and that its finances turned profitable on an adjusted basis during the most recent quarter, according to a broadcast news outlet. The disclosure came during a gathering convened ahead of a planned public listing by the company, which develops the Claude AI assistant.

Revenue for the period climbed against the prior quarter's figures, though the pace of that expansion was slower than what the company had posted earlier in the year. Third-quarter revenue came in nearly 50 percent above what the business recorded in the immediately preceding period.

Quarterly revenue at Anthropic climbed from $4.8 billion to roughly $11.6 billion between the first and second quarters, according to earlier reporting by a prominent news outlet — a gain that pushed the second-quarter total to more than twice the figure posted three months prior.

A stock market debut pencilled in for November places the firm's potential worth in the vicinity of $2 trillion. The broadcast outlet's reporting covered both the revenue figure and the adjusted profitability metric.

Questions about whether the revenue figure reflects gross or net receipts — and about the methodology behind Anthropic's profitability calculation — have yet to be answered. No statement was made available through Anthropic's communications office.

For investors, Anthropic's revenue figures serve as a gauge of how it compares with OpenAI and of how much traction the broader AI market has gained at this stage. With Anthropic's books closed to the public as a privately held company, whatever revenue data surfaces carries weight for those watching the AI sector's broader market effects and assessing whether an eventual public offering might be worth backing.

Gross sales flowing through cloud partners have long been recorded as revenue by Anthropic, even though the full amount of those transactions does not end up in the company's hands. Revenue at Anthropic has been lifted by uptake of its Claude Code programming assistant alongside a range of newly released AI models.

A $65 billion fundraising round, disclosed by the company that month, placed its overall valuation at $965 billion. The funding Anthropic pursues at scale goes toward the computing infrastructure — particularly the chip-driven processing — that underlies both the development and the deployment of its AI systems.

In early September, Anthropic researcher Jacob Coxon stepped down from his position, noting in a statement that those building AI systems genuinely hold the view that the technology carries a potential for mass casualties before the decade closes — a declaration that, set against a backdrop of existing unease over AI-enabled cyberattacks, drew AI safety further into mainstream conversation.

In a published essay, Anthropic's chief executive Dario Amodei put forward the view that technology companies should reduce the rate at which AI model capabilities advance, allowing safety practices time to keep pace with development.

Competition bearing down on Anthropic from several fronts has been building steadily. Gains in open-source and open-weight model performance throughout the year have led a portion of developers to redirect workloads away from Anthropic and OpenAI, trimming their tool expenditures in the process. Price rivalry has taken hold between the pair of artificial intelligence firms.

Rival technology firms — among them Meta, Google, and xAI — are each pushing forward on both their underlying models and the products built around them.