GOD MODE POD · EP3 RESEARCH

OpenAI vs
Anthropic

Live data · March 2026

← DOCKET
OpenAI
Anthropic
REVENUE ARR OVER TIME
0.0511162227ARR ($B)Jan 23Jul 23Jan 24Jul 24Jan 25Jul 25Jan 26Mar 26
ANNUALIZED REVENUE — MARCH 2026
~$25B
OpenAI ARR
$20B full-year 2025
~$19B
Anthropic ARR
Up from $1B just 15 months ago
Apr 2026
Projected crossover
Anthropic passes OpenAI on current trajectory
REVENUE PROJECTION — MODELLED FROM CURRENT GROWTH RATES
NOW
Mar 2026
OpenAI $25B
Anthropic $19B
$6B gap
CROSSOVER
Apr 2026
OpenAI $27B
Anthropic $27B
Lines cross
PROJECTED
Jun 2026
OpenAI $30B
Anthropic $35B
$5B Anthropic lead
Anthropic growth rate+$5B ARR/month
OpenAI growth rate+$2B ARR/month

▸ Projected values based on trailing 3-month growth rates. Not confirmed. For context only.

ARR RACE ($B) — ▸ PROJECTED
OpenAI
Anthropic
End 2022
$0.028B
End 2023
$2B
End 2024
$6B
$1B
Mid 2025
$12B
$4B
Jul 2025
$14B
Oct 2025
$7B
End 2025
$20B
$9B
Feb 2026
$14B
Mar 2026
$25B
$19B
Apr 2026 ▸
$27B
$27B
Jun 2026 ▸
$30B
$35B

▸ = projected data points

KEY INSIGHTS
📈

Model out the growth rates and Anthropic passes OpenAI in revenue by April 2026. At +$5B ARR/month vs OpenAI's +$2B, the gap closes fast.

🚀

Anthropic went $1B → $19B in 15 months. OpenAI took 3+ years to build a similar base. The fastest revenue ramp in SaaS history.

⚖️

Both are now nearly neck-and-neck on run rate (~$25B vs ~$19B). But OpenAI has 45x more consumer users. Anthropic is generating more revenue per user by a wide margin.

💸

Anthropic monetizes at ~$211 per monthly active user. OpenAI at ~$25 per weekly active user. Anthropic's B2B-first model prints money per user even with a smaller base.

🏢

500+ companies now spend $1M+ annually on Anthropic products. 1 in 5 businesses on Ramp's platform pay for Anthropic — up from 1 in 25 just a year ago.

$211
Anthropic revenue
per monthly user
$25
OpenAI revenue
per weekly user
SOURCES

Bloomberg (Mar 3, 2026) · Reuters · SaaStr · SemiAnalysis · Sacra · Epoch AI · Crunchbase · TechCrunch · Ramp Business Data · First Page Sage (Mar 2026) · Business Insider · ALM Corp · morphllm.com · opencode.ai