Anthropic’s amended IPO filing adds third-quarter results to the prospectus it initially released with financial information only through the first half of 2026. The five-year-old company, which develops the Claude AI models and sells primarily to businesses, reported $33.24 billion in revenue for the nine months ending Sept. 30 - about 1,200% higher than in the same period a year earlier. Third-quarter revenue was roughly $17 billion, meaning more than half of the nine-month total came in that quarter.
The company also reported a $104 billion net loss for the first nine months, compared with $25.1 billion in the corresponding 2025 period. Most of the latest loss resulted from changes in the fair value of convertible notes and derivative liabilities. The third-quarter net loss was $23.29 billion. The filing also highlights the scale of Anthropic’s infrastructure needs: purchase commitments and lease agreements total about $895.4 billion, substantially all tied to computing capacity and infrastructure. These figures give prospective investors a fuller picture of both the rapid growth underpinning Anthropic’s planned public offering and the extraordinary losses and long-term spending commitments accompanying its expansion.
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Anthropic’s IPO filing reveals nearly $900 billion in long-term spending commitments, including at least $582 billion in non-cancelable contracts, while unaudited results show revenue growth slowing. The author argues the SEC should block the IPO because investors and retirement savers could bear losses if the company cannot meet its obligations. (techpolicy.press)
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