Anthropic leak: $110B ARR target, positive Q3 cash flow, 85% gross margin
FinanceYF5 · x · 2026-10-16
Leaked figures on Anthropic reveal: a $110B year-end ARR target (currently $70–75B), $56B in binding 2027 commitments ($86B including non-binding, far from the rumored $500B), positive Q3 cash flow, 85% gross margin, 11% adjusted operating margin, and 46% quarterly revenue growth. Growth re-accelerated in early October after a new model launch and Google/GrokBot integrations, and executives said Anthropic is using its own AI to help design a custom chip. If OpenAI matches Anthropic in Q4, the two would top $200B combined ARR, with both plausibly profitable by 2027 while still growing fast.
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