FT just reported Anthropic expects a second straight quarter of adjusted operating profit before its planned IPO.

Anthropic had already posted positive adjusted operating income in Q2 after revenue topped $11.5B, which is 14X the previoius quarter of last year.

ARR reached $65B by the end of July-26.

Its reported gross margin above 80%, but excludes model-training costs and revenue shared with distributors including Amazon, leaving major AI cost buckets outside that figure.