Anthropic reports $33.24 billion revenue and $104 billion loss

Anthropic reported $33.24 billion in revenue and a $104 billion net loss for the first nine months of 2026 in an amended IPO filing, pairing rapid growth with substantial losses and long-term infrastructure commitments as it prepares for a planned stock-market listing. The company’s amended Form S-1, filed Monday, showed revenue for the nine months ended September 30 was up about 1,200% from the same period in 2025. Net loss for the period rose from $25.1 billion a year earlier. Anthropic’s third-quarter revenue was approximately $17 billion, while its net loss was $23.3 billion. The filing also disclosed about $895.4 billion in aggregate purchase and lease commitments, substantially all related to computing and infrastructure. Approximately $70 billion is due in the 12 months through September 2027. The commitments are contractual obligations, not spending already completed; the filing does not mean the full amount has been paid. Anthropic attributed most of its nine-month net loss to changes in the fair value of convertible notes and derivative liabilities. Those accounting adjustments are not equivalent to cash operating losses. The company also reported that its computing...