Anthropic, the American AI technology company, forecasts annual revenue growth to $190-200 billion by 2028, significantly exceeding its current figure of $47 billion. Reuters reports, citing sources familiar with the company's financials.
Bankers and investors are using the projected revenue to value Anthropic ahead of a potential IPO. According to the agency, investors apply enterprise value-to-revenue multiples, a common approach for valuing fast-growing tech companies.
The 2028 forecast is nearly four times the annualized revenue figure Anthropic disclosed in May. Reuters notes that projecting two years ahead is unusual and reflects Anthropic's rapid growth.
Profitability remains under pressure due to significant spending on computing power, AI model training, and hiring. Investors expect revenue growth to outpace expense growth, allowing Anthropic to expand margins.
Reuters notes similar approaches have been used for other fast-growing companies. Cerebras Systems investors cited 2028 revenue forecasts before its IPO, and SpaceX's projections ahead of its June listing extended to 2029.
