Anthropic Files for IPO, Q3 Revenue Reaches 12 Times Year-Earlier Level
Anthropic's filing with the U.S. Securities and Exchange Commission shows that revenue for the third quarter ended September 30 was 12 times the year-earlier level, with a net loss of $23.3 billion, compared with $12.1 billion a year earlier. Operating expenses for the quarter rose to $17.5 billion, up 292% year over year; the company currently has $895 billion in committed spending, the vast majority related to compute and infrastructure. Anthropic filed for its IPO on October 26, and the IPO is expected to take place before the U.S. Thanksgiving holiday.
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The filing discloses Anthropic's losses, operating expenses and compute commitment spending, giving readers a basis for understanding its pre-IPO financial structure.
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According to the filing the company submitted to the U.S. Securities and Exchange Commission on Monday, Anthropic posted a net loss of $23.3 billion in the three months ended September, compared with a net loss of $12.1 billion in the same period a year earlier. Operating expenses for the quarter jumped to $17.5 billion, up 292% year over year.
The filing shows the company currently has $895 billion in committed spending, the vast majority of which is related to compute and infrastructure. About $448 billion of that is expected to be incurred by the end of 2030, while about $70 billion must be paid within the year ending September 2027.
Anthropic filed for an initial public offering on October 26, and the IPO is expected to take place before the U.S. Thanksgiving holiday. People familiar with the matter previously said Anthropic is seeking to match or exceed the $86.2 billion raised in SpaceX's listing.
Earlier reports said investors told the banks involved in the deal that they believe Anthropic's fair valuation has risen to about $1.4 trillion to $1.5 trillion, though a valuation close to $1.75 trillion is also possible.