Anthropic has told investors it expects to achieve positive adjusted operating profit for the second consecutive quarter, signaling the AI company is moving toward sustainable profitability ahead of a potential public offering.
Between April and June, the company's revenue grew 14 times compared to the same period last year, reaching $11.5 billion. This dramatic expansion demonstrates accelerating demand for Anthropic's AI services and represents a critical milestone in proving the business model can generate returns on its substantial infrastructure investments.
The adjusted operating profit metric excludes certain costs, including employee stock compensation, which allows the company to present a clearer picture of operational efficiency to investors. By showcasing consecutive quarters of profitability on this basis, Anthropic is countering concerns that it may simply be burning through capital before going public—a common criticism leveled at high-growth AI startups that have consumed billions in compute costs.