Anthropic Reportedly Posted Quarterly Revenue Growth of 50% and Was Cash-Flow Positive. Here's Why It Might Not Be Enough to Impress Investors Before the Company's Massive IPO

Anthropic reported $16.8 billion in quarterly revenue with 50% growth and positive cash flow ahead of its anticipated IPO at a $2 trillion valuation. However, growth has decelerated from 140% in the prior quarter, and the revenue run rate falls short of investor expectations of $80-105 billion annually. While the company boasts impressive 85% gross margins, concerns about capital intensity, AI safety risks, and valuation multiples may limit investor enthusiasm.