OpenAI Hits $25 Billion in Annualized Revenue While Anthropic Surges to $19 Billion

OpenAI leads. Anthropic is gaining. Both hit record figures within days of each other.

Mar 5, 2026

OpenAI topped $25 billion in annualized revenue at the end of February 2026, according to a report by The Information. At the time of publishing, OpenAI hadn’t commented publicly on the report.

The $25 billion figure represents a 17% increase from the $21.4 billion in annualized revenue OpenAI generated at the end of 2025, per the same report. Since late 2022, the company has gone from effectively zero revenue to more than $20 billion in annualized revenue by 2025, then $25 billion by February 2026.

The company is also targeting roughly $600 billion in total compute spending through 2030, per the report, and is working toward an IPO that could value it at up to $1 trillion.

Anthropic's Run Rate Climbed From $9 Billion to $19 Billion in Weeks

Anthropic, the company behind the Claude models, saw its annualized run rate climb from $9 billion at the end of 2025 to over $19 billion recently. That figure was reported this week across industry sources.