TechCrunch reported on August 17 that Anthropic's annualized revenue had surged to $65 billion. Annualized figures multiply a recent period's revenue to estimate a full year, so they can run well ahead of reported annual totals.
That distinction explains an apparent gap with the leaked IPO prospectus, which reportedly shows $4.6 billion in revenue for last year and a $42 billion loss. The two numbers measure different periods and different things.
For readers evaluating the company's reported $965 billion valuation, the useful questions are how durable the run-rate revenue is and how quickly costs, which the prospectus suggests are very large, fall relative to it.
Source: TechCrunch