Anthropic reports $16.3 billion revenue and $80.7 billion loss in IPO draft

Anthropic made $16.3 billion in revenue in the first half of 2026. It also posted a net loss of $80.7 billion over the same stretch. Both figures come from a draft S-1 registration statement filed with the US Securities and Exchange Commission. That filing is the first formal step toward an initial public offering tentatively scheduled for November 2026. What the filing shows First-half 2026 revenue reached $16.3 billion for the developer behind the Claude family of AI models. For context, the company’s revenue for all of 2025 was approximately $4.6 billion. That full-year figure was itself a more than 12-fold jump from 2024. The $80.7 billion net loss stems predominantly from non-cash accounting adjustments connected to earlier financing rounds. As Anthropic’s valuation climbed, those adjustments ballooned on paper. The 2025 picture follows a similar pattern. Anthropic recorded a GAAP net loss of roughly $42 billion last year. Strip out the non-cash items, though, and the 2025 operating loss comes to $8.06 billion. Compute and infrastructure spending accounted for $7.33 billion in that year. The third-quarter turn Anthropic reported third-quarter 2026 revenue of $16.8 billion. Tha...