Anthropic told shareholders its adjusted operating income was positive for a second straight quarter, with Q2 revenue of $11.5bn (14x YoY) and annualized revenue of $65bn at end-July versus $9bn at end-2025, as it prepares a Nasdaq IPO reportedly valued at $2tn or more. The figures are adjusted (excluding stock-based compensation) and the cited 80%+ gross margins exclude model-training costs and distributor revenue share, so headline profitability is not free cash flow. For financial institutions, this is a direct data point on whether frontier-lab economics are converging on recognized revenue and positive unit economics, though on adjusted, unaudited terms.
341 other tracked developments touching the same claims.