The financials Anthropic shared with investors this week suggest that its AI coding tool, Claude Code, is every bit the business success the frontier lab wanted. The company recorded an operating profit in the second quarter, and 900% net revenue retention — that is, spending from the same customers in Q3 2025 grew nine times in Q3 2026.
Anthropic has focused on getting enterprise users to stick around and Wednesday announced a new suite of reporting tools designed to give those customers a more granular understanding of the value they get from their token spend.
