Anthropic revenue surges 12-fold to $17B in Q3 as $2 trillion IPO nears

The AI company reported a $23 billion quarterly net loss as it prepares for a public offering that could raise up to $100 billion. Anthropic reported $17 billion in third quarter revenue on Monday, up more than twelve-fold from a year earlier, as the artificial intelligence company prepares for a public offering expected later this month. The company posted a $23 billion net loss during the quarter, according to updated financial disclosures released a week after its initial IPO filing. Revenue increased 47% from the previous quarter, slowing from the 144% growth recorded between the first and second quarters. Anthropic had previously shared some of the figures during a private investor presentation at its San Francisco headquarters last month. For the first nine months of 2026, Anthropic generated $33 billion in revenue and reported a $104 billion net loss. The loss included a one time $94 billion accounting charge related to convertible notes, a form of debt that can later convert into equity. Excluding certain expenses, the company’s operating loss for the period was $693 million. Anthropic targets $2 trillion valuation amid rising AI infrastructure costs Anthropic’s upcoming IP...