2023–2026 Annual Evolution & 2026 Inflection

OpenAI & Anthropic · Revenue and operating results in billions of USD

Revenue and operating results chart. See the data notes below.

Reading the 2026 points: Revenue shows current annual run rate (OpenAI: ~$50B net ARR; Anthropic: $65B+ gross ARR), while operating results show 2026 year to date (OpenAI: ~−$26B; Anthropic: +$0.21B). ARR is not recognized annual revenue, and net and gross ARR use different bases. 2023–2025 values follow the reference image; 2026 values use the supplied data, including estimates.

2026 YTD recognized revenue: OpenAI ~$23.60B · Anthropic $33.03B. Compute spend (CapEx proxy): OpenAI ~$29.0B · Anthropic ~$19.2B.