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Quoting Karen Kwok for Reuters Breakingviews

Simon Willison · May 31, 2026 · Industry Trends

Anthropic calculates 'run-rate revenue' via a formula that may overstate true annualized sales.

“Use the last 28 days of sales from customers charged on a consumption basis and multiply it by 13.”

Reuters Breakingviews details how Anthropic defines run-rate revenue by annualizing its last 28 days of consumption-based sales (times 13) and adding annualized monthly subscriptions (times 12). The framing flags how aggressive annualization can inflate headline AI revenue figures, a recurring scrutiny point for fast-growing AI labs.

anthropic ai-revenue financial-reporting run-rate

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