{
  "assessmentDate": "2026-09-07",
  "units": "USD billions",
  "method": "Piecewise-linear annualized revenue / 365 integrated over actual day counts; analyst illustration, not recognized accounts or company guidance.",
  "assumptions": [
    "Jan 1 represents end-2025 run rate.",
    "May 15 is an assumed date for earlier in May; May 1 and May 28 sensitivities shown.",
    "July 31 represents end-July reported run rate.",
    "Comparable revenue accounting and smooth paths between anchors assumed.",
    "Year-end scenarios change linearly from July 31; ranges are not confidence intervals."
  ],
  "scenarios": {
    "50": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-15",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          50
        ]
      ],
      "integratedRevenueUSDBillions": 44.705479452054796,
      "throughJuly31USDBillions": 20.445205479452056,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        4.1136986301369864,
        11.813698630136987,
        24.26027397260274
      ]
    },
    "65": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-15",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          65
        ]
      ],
      "integratedRevenueUSDBillions": 47.86986301369863,
      "throughJuly31USDBillions": 20.445205479452056,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        4.1136986301369864,
        11.813698630136987,
        27.424657534246574
      ]
    },
    "80": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-15",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          80
        ]
      ],
      "integratedRevenueUSDBillions": 51.034246575342465,
      "throughJuly31USDBillions": 20.445205479452056,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        4.1136986301369864,
        11.813698630136987,
        30.589041095890412
      ]
    },
    "100": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-15",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          100
        ]
      ],
      "integratedRevenueUSDBillions": 55.25342465753425,
      "throughJuly31USDBillions": 20.445205479452056,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        4.1136986301369864,
        11.813698630136987,
        34.80821917808219
      ]
    }
  },
  "mayDateSensitivityFlat65": {
    "1": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-01",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          65
        ]
      ],
      "integratedRevenueUSDBillions": 48.54109589041096,
      "throughJuly31USDBillions": 21.116438356164384,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        2.636986301369863,
        13.961643835616439,
        27.424657534246574
      ]
    },
    "15": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-15",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          65
        ]
      ],
      "integratedRevenueUSDBillions": 47.86986301369863,
      "throughJuly31USDBillions": 20.445205479452056,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        4.1136986301369864,
        11.813698630136987,
        27.424657534246574
      ]
    },
    "28": {
      "anchors": [
        [
          "2026-01-01",
          9
        ],
        [
          "2026-02-12",
          14
        ],
        [
          "2026-04-06",
          30
        ],
        [
          "2026-05-28",
          47
        ],
        [
          "2026-07-31",
          65
        ],
        [
          "2027-01-01",
          65
        ]
      ],
      "integratedRevenueUSDBillions": 47.24657534246575,
      "throughJuly31USDBillions": 19.82191780821918,
      "segmentRevenueUSDBillions": [
        1.3232876712328767,
        3.1945205479452055,
        5.484931506849315,
        9.819178082191781,
        27.424657534246574
      ]
    }
  },
  "sources": [
    {
      "title": "Archived scenario copy",
      "url": "https://img.sauf.ca/pictures/2026-02-06/8cc1142e0da7c03cac8515d88f948d82.pdf"
    },
    {
      "title": "February announcement",
      "url": "https://www.anthropic.com/news/anthropic-raises-30-billion-series-g-funding-380-billion-post-money-valuation"
    },
    {
      "title": "April announcement",
      "url": "https://www.anthropic.com/news/google-broadcom-partnership-compute"
    },
    {
      "title": "May announcement",
      "url": "https://www.anthropic.com/news/series-h"
    },
    {
      "title": "Reuters",
      "url": "https://www.investing.com/news/stock-market-news/anthropic-revenue-run-rate-tops-65-billion-source-says-4864031"
    },
    {
      "title": "Bloomberg",
      "url": "https://news.bloomberglaw.com/artificial-intelligence/anthropic-revenue-run-rate-surpasses-65-billion-ahead-of-ipo"
    }
  ]
}