On November 10, 2026, IT Home reported that Goldman Sachs, the lead investment bank for Anthropic’s listing, has given an optimistic outlook for the company, according to a Financial Times report published that evening.
Projections Goldman Sachs disclosed to a potential investor put Anthropic’s revenue at about $52 billion this year, $136 billion in 2027, and $442 billion in 2029, before exceeding $600 billion in 2030. The 2030 figure would be more than 130 times Anthropic’s 2025 revenue of $4.6 billion.
Anthropic, founded roughly six years earlier, has grown rapidly. If the Goldman Sachs forecast holds, the company would rank among the world’s largest enterprises by revenue.
Goldman Sachs expects free cash flow to turn positive only in 2030, reaching $33.6 billion. Although Anthropic recorded positive free cash flow in the first three quarters of this year, the bank projects a net outflow of $12.8 billion in the fourth quarter and a net outflow of $65.7 billion in 2027.
At the upper end of the proposed offering price range, Anthropic’s valuation would reach $1.4 trillion. The company is expected to complete its listing before Thanksgiving in the United States.
Goldman Sachs also expects Anthropic’s operating loss to peak at $40.4 billion in 2027, operating profit to turn positive in 2029, and operating profit to reach $65.2 billion in 2030.
If revenue meets these expectations, Anthropic would join the world’s highest-revenue companies. Analyst expectations compiled by Visible Alpha put Amazon’s revenue this year at about $830 billion and Nvidia’s 2027 revenue at $700 billion.
Source: IT Home