Frontier Lab Revenue

Combined estimated quarterly revenue of OpenAI and Anthropic.

13.5$B

Trend YoY growth is +166.2%, slowing by 14.8 pp/month over the last 2Y. Latest: +297.1%, 130.9 pp above trend, a 0.9σ deviation. The latest YoY reading is boosted by 122.1 pp due to an easy comparison base from Apr 1.

Level

YoY %

y = 570.4% 14.8 pp/mo · t

Deviation from trend

Forecast

Rolling 1Y trend forecast

Forecast made inMay '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26Dec '26Jan '27Feb '27Mar '27Apr '27
May '25+161.5%+137.1%+113.5%+89.2%+64.8%+41.2%+16.9%-6.7%-31.1%-55.4%-77.4%-101.8%-125.4%-149.8%-173.3%-197.7%-222.1%-245.6%-270.0%-293.6%-317.9%-342.3%-364.3%-388.7%
Jun '25+137.1%+113.5%+89.2%+64.8%+41.2%+16.9%-6.7%-31.1%-55.4%-77.4%-101.8%-125.4%-149.8%-173.3%-197.7%-222.1%-245.6%-270.0%-293.6%-317.9%-342.3%-364.3%-388.7%
Jul '25+231.5%+228.7%+225.8%+223.1%+220.2%+217.5%+214.6%+211.8%+209.2%+206.4%+203.6%+200.7%+198.0%+195.1%+192.3%+189.5%+186.7%+183.9%+181.1%+178.2%+175.7%+172.8%
Aug '25+228.7%+225.8%+223.1%+220.2%+217.5%+214.6%+211.8%+209.2%+206.4%+203.6%+200.7%+198.0%+195.1%+192.3%+189.5%+186.7%+183.9%+181.1%+178.2%+175.7%+172.8%
Sep '25+225.8%+223.1%+220.2%+217.5%+214.6%+211.8%+209.2%+206.4%+203.6%+200.7%+198.0%+195.1%+192.3%+189.5%+186.7%+183.9%+181.1%+178.2%+175.7%+172.8%
Oct '25+261.1%+265.9%+270.7%+275.5%+280.4%+284.8%+289.6%+294.3%+299.2%+303.9%+308.8%+313.6%+318.3%+323.2%+327.9%+332.8%+337.6%+342.0%+346.9%
Nov '25+265.9%+270.7%+275.5%+280.4%+284.8%+289.6%+294.3%+299.2%+303.9%+308.8%+313.6%+318.3%+323.2%+327.9%+332.8%+337.6%+342.0%+346.9%
Dec '25+270.7%+275.5%+280.4%+284.8%+289.6%+294.3%+299.2%+303.9%+308.8%+313.6%+318.3%+323.2%+327.9%+332.8%+337.6%+342.0%+346.9%
Jan '26+315.9%+327.0%+337.0%+348.1%+358.9%+370.0%+380.8%+391.9%+403.0%+413.8%+424.9%+435.7%+446.8%+457.9%+468.0%+479.1%
Feb '26+327.0%+337.0%+348.1%+358.9%+370.0%+380.8%+391.9%+403.0%+413.8%+424.9%+435.7%+446.8%+457.9%+468.0%+479.1%
Mar '26+337.0%+348.1%+358.9%+370.0%+380.8%+391.9%+403.0%+413.8%+424.9%+435.7%+446.8%+457.9%+468.0%+479.1%
Apr '26+315.9%+322.7%+329.8%+336.6%+343.7%+350.7%+357.6%+364.6%+371.5%+378.5%+385.6%+392.0%+399.0%