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Anthropic's revenue is soaring. So is the cost to keep Claude running.
On Monday, the AI company filed an amended version of its S-1, the public filing that discloses its financials ahead of its much-anticipated initial public offering. The company filed the original paperwork last week.
Monday's amendments include the third-quarter numbers that didn't make it into the initial filing: Anthropic generated nearly $17 billion in revenue during the period, a more than $5 billion increase from the prior quarter and roughly 12X year over year.
But the compute required to power that growth weighed on the business. Anthropic swung back to a $567 million operating loss in the third quarter, after reporting $974 million in operating income in the second.
Anthropic wrote in the filing that its Q3 operating loss was "primarily driven by $5.0 billion of compute under short-term commitments," which it said costs significantly more than comparable multiyear arrangements, as well as $2 billion in non-cash charges related to its donation-matching program.
The company also disclosed about $895 billion in committed spending on compute and infrastructure — nearly half of it expected by the end of 2030.
The company has not yet disclosed an IPO price range, number of shares, or the size of the offering.
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Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
