Anthropic Reveals Q3 Revenue at Pre-IPO Investor Day
Anthropic hosted a Pre-IPO investor day at its San Francisco headquarters on Wednesday, Oct. 14, disclosing its third-quarter revenue figures to prospective institutional investors for the first time, as the company moves closer to a public listing.
According to people familiar with the matter, Anthropic presented its Q3 financials to a group of institutional investors. The disclosure is expected to help executives and underwriters gauge investor interest and test market reactions ahead of the IPO.
The company has reportedly been seeking a $2 trillion valuation, which would surpass SpaceX's $1.77 trillion offering valuation from June and set a new record for the largest IPO in history.
Anthropic previously reported preliminary second-quarter revenue of over $11.5 billion, compared with $787 million in the same period of 2025 and $4.73 billion in the first quarter of this year. The company confidentially filed for its IPO with the U.S. Securities and Exchange Commission earlier this year, though its S-1 financial details have not yet been made public.
Media reports suggest Anthropic could begin its IPO roadshow as early as the week of Nov. 9, 2026, with trading potentially starting before Thanksgiving on Nov. 26. Rising interest rates have recently weighed on AI-related stocks, adding uncertainty to the deal.
