Anthropic: Disclosed a first-half net loss of $80.7 billion, stating it may be unable to achieve or maintain profitability in the future.

on October 26, Anthropic publicly filed a NASDAQ IPO application under the ticker symbol “ANT”. The prospectus indicates that for the six months ended June 30, 2026, the company’s revenue was $16.3 billion, compared to $1.2 billion in the same period last year; net loss reached $80.7 billion during the same period, and the company warns that it may not achieve or maintain profitability in the future. As of June 30, the company had raised $141.1 billion in capital. The number of customers with annual revenue exceeding $100,000 grew from 950 to over 11,900, with net revenue retention standing at approximately 900% as of September 30.

Regarding compute investments, Anthropic disclosed that it will spend up to approximately $114.5 billion on Google by 2033; under arrangements related to SpaceXAI, total expenditures will reach up to $120.5 billion over a term extending to 2029; and under Broadcom leasing arrangements, the total rent paid during the lease term (excluding interest) will be approximately $161.2 billion. The company expects compute and infrastructure expenses to increase in absolute terms and remain its largest operating expense in the foreseeable future.

Anthropic has established a long-term interest trust and will create Class T special stock for Class T directors to hold; the Board has approved a framework allowing the issuance of up to 2% of total outstanding shares as Class N stock to charitable foundations whenever the stock price increases by 50%. The co-founders have each committed to dedicating 80% of their personally held equity to charitable purposes. The company anticipates paying no dividends in the foreseeable future and cautions that revenue growth may not be sustainable, growth rates may decline, and costs and losses will continue to rise. Additionally, the company states that without appropriate regulation, advanced AI systems could pose catastrophic or existential risks, which will escalate as AI systems automate AI research and development. In October 2025, the company repurchased approximately 4.5 million shares of Series B preferred stock, and expenses related to its donation matching program totaled $541 million for the fiscal year ended December 31, 2025.