Anthropic reports $17 billion third-quarter revenue in amended IPO filing

Third-quarter revenue more than twelvefold higher

Anthropic filed an amended prospectus with the US Securities and Exchange Commission on Monday, 2 November 2026, adding results for the third quarter and the nine months to 30 September. The earlier filing had covered only the first half of the year. Third-quarter revenue reached about $17 billion, compared with $1.382 billion in the same quarter of 2025 and $11.555 billion in the second quarter of 2026. Revenue for the first nine months of 2026 totaled $33.2 billion, against $2.5 billion a year earlier. Reporting on the filing ties the revenue entirely to Claude, the company's AI assistant.

Q3 20251.382

Q2 202611.555

Q3 202617

Q3 2025

1.382 US$ billion

Q2 2026

11.555 US$ billion

Q3 2026

17 US$ billion

Data from the article text

A loss shaped by accounting charges

The third-quarter net loss was $23.3 billion, although El Confidencial reports that most of the loss reflects accounting adjustments rather than cash leaving the company. Third-quarter operating loss was $567 million, while adjusted operating income rose to $2.5 billion with a margin of 15%. For the nine months, the net loss reached $104 billion against $25.1 billion a year earlier. The New York Times reports that this figure included a one-time $94 billion charge tied to convertible notes, a debt instrument that will later turn into equity. Excluding certain costs, the nine-month operating loss was $693 million, and Axios reports cash and short-term investments of $131.8 billion at the end of September.

Commitments near $900 billion

Anthropic disclosed about $895.4 billion in purchase agreements and leases, which the filing says are substantially all related to compute and infrastructure. Roughly $447.5 billion is expected to be incurred by the end of 2030, and most of the remaining $447.9 billion between 2031 and 2045. Nearly $70 billion falls due in the 12 months after 30 September 2026. The commitments include agreements signed after the quarter ended and leases that have not yet commenced. The filing also says associated compute and infrastructure costs rose as capacity expanded.

Total commitments895.4

Expected by end of 2030447.5

Remaining, mostly 2031-2045447.9

Total commitments

895.4 US$ billion

Expected by end of 2030

447.5 US$ billion

Remaining, mostly 2031-2045

447.9 US$ billion

Data from the article text

Listing plans and financing doubts

Anthropic has asked to list on the Nasdaq Global Select Market under the ticker ANT, but has not yet set a price or the number of shares it will offer. The Wall Street Journal, cited by El Confidencial, reported that the debut is expected in the week of 16 November, a date the company has not confirmed. Press estimates place the valuation between $1.5 trillion and $2 trillion. The New York Times reports the offering could set a record by raising $100 billion, while EL PAÍS cites analysts expecting around $85 billion. Axios, citing the Financial Times, reports that Anthropic may not secure an investment grade rating on its debt. The New York Times also reports that a private presentation in San Francisco in October left some investors disappointed.