Anthropic tells investors it will post second straight quarterly profit - FT

Anthropic has told a small group of shareholders that it expects to report a positive adjusted operating income for a second consecutive quarter, the Financial Times reported on Monday, citing multiple people familiar with the matter.

The Claude maker seeks to ease investor concerns over the heavy cash burn of frontier artificial intelligence companies ahead of a potential initial public offering.

The measure excludes costs including stock-based compensation, according to the report.

Anthropic's gross margins are above 80% before accounting for revenue shared with distribution partners such as Amazon and the cost of training its AI models, the FT said, citing two people familiar with the figures.

Sustained profitability would mark a significant milestone for the five-year-old company as it prepares for a potential listing. Anthropic has chosen Nasdaq for the IPO, which could value the company at $2 trillion or more, according to a person cited by the FT. 

The company recorded an adjusted operating profit in the second quarter after revenue surged 14-fold from a year earlier to $11.5 billion, the report said. Its annualized revenue reached $65 billion at the end of July, up from $9 billion at the end of 2025.

The potential listing comes as Anthropic and other AI companies face growing scrutiny over the pace and cost of developing increasingly powerful models.

Chief Executive Dario Amodei called on the industry on Saturday to slow the pace of AI development, a position that was echoed by OpenAI Chief Executive Sam Altman and SpaceX Chief Executive Elon Musk, the FT reported.

People familiar with the matter told the FT that employees at rival AI labs have also discussed measures to manage AI development more safely, with those talks driven by recent security breaches and concerns over the capabilities of newer models.