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On October 14, 2026, Anthropic disclosed at a potential IPO investor meeting in San Francisco that its third-quarter revenue reached $16.8 billion, up about 45% quarter over quarter, and that it had achieved adjusted profitability and positive operating cash flow. According to The Information, citing people familiar with the matter, the company's cumulative adjusted operating margin for the first three quarters of this year reached 11%, with cumulative revenue of about $33.1 billion. Anthropic had previously confidentially submitted a draft IPO registration statement to the SEC and is expected to list before the Thanksgiving holiday in November. Subsequent reports said the company plans to launch its IPO after the U.S. midterm elections in November, with a target valuation of $2 trillion, and has committed to investing at least $5.18 trillion in cloud and infrastructure over the next 10 years.
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Sources say Anthropic could file for IPO as early as FridayDevelopments
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Oct 22
cnBetaSelected
Sources say Anthropic could file for IPO as early as Friday
Anthropic confidentially submitted a draft IPO registration statement to the SEC in June, and is reported to make the S-1 filing public as early as this Friday, clearing procedural hurdles for a November listing. According to The Wall Street Journal, the company posted revenue of $16.3 billion and a net loss of more than $80 billion in the first half of 2026; the Financial Times said its third-quarter revenue rose to $16.8 billion, up from $11.5 billion in the second quarter, and it achieved profitability on an adjusted basis. Reuters previously reported that Wall Street expects its valuation could reach $2 trillion, with fundraising of up to $100 billion.
Oct 21
CTech
Anthropic's draft prospectus shows a net loss of $80.7 billion in the first half; IPO valuation and growth rate draw attention
A draft prospectus reviewed by Reuters shows that Anthropic plans to list in November and had a net loss of $80.7 billion in the first half, far higher than $13 billion in the same period last year, of which $72 billion came from an accounting accrual arising from the increase in the fair value of convertible bonds. The company has committed to invest at least $518 billion over ten years in cloud services, computing power and infrastructure. In the first half, spending on computing power and infrastructure was nearly $9 billion, compared with $2.3 billion in the same period last year. At a meeting with potential IPO investors on October 14, Anthropic said third-quarter revenue grew 45% quarter on quarter to $16.8 billion. Some investors were disappointed by this quarter-on-quarter growth rate; previously, revenue more than doubled from the first quarter to the second quarter, reaching $11.6 billion in the second quarter.
china_com_tech
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36Kr · AISelected
OpenAI advances roughly $30 billion funding round, aiming to lock in investors ahead of Anthropic's IPO
According to Reuters, OpenAI is accelerating a roughly $30 billion funding round, targeting a valuation above $1.4 trillion, seeking to lock in investors before Anthropic's expected mid-November IPO; existing investors including SoftBank and Abu Dhabi's MGX are in talks to participate. OpenAI told investors that growth accelerated after the release of GPT-6 Astra, with annualized revenue already at $50 billion and expected to rise to $70 billion by year-end; Anthropic said its third-quarter revenue rose from $11.6 billion to $16.8 billion, but slowing month-over-month growth has raised valuation concerns. The two also differ on revenue recognition: OpenAI recognizes revenue on a net basis and has accused Anthropic of recognizing revenue on a gross basis under third-party cloud vendor contracts.
Oct 20
china_com_tech
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China.com Technology
OpenAI plans to raise $30 billion, targeting a $1.4 trillion valuation
According to Reuters citing people familiar with the matter, OpenAI is accelerating its fundraising and plans to raise about $30 billion from investors, with its valuation expected to exceed $1.4 trillion, with SoftBank Group and MGX participating. OpenAI is pitching investors on $50 billion in annualized revenue and expects annualized revenue to reach $70 billion by year-end as the GPT-6 Astra model launches. The fundraising process is intended to lock in subscription commitments before Anthropic's expected mid-November IPO; OpenAI's valuation reached $852 billion after raising $122 billion in March this year.
Rohan Paul
OpenAI seeks to raise about $30 billion at a valuation of over $1.4 trillion, aiming to close before Anthropic's IPO
According to Reuters, OpenAI is seeking to raise about $30 billion at a valuation of more than $1.4 trillion before Anthropic's IPO, a valuation at least 64% higher than the $852 billion it reached in March. The two companies are competing for overlapping long-term funds and sovereign wealth funds, and OpenAI hopes to lock in commitments before Anthropic files its S-1 and goes public in mid-November, to avoid direct comparison. Anthropic's third-quarter revenue grew 45% to $16.8 billion, a slowdown from more than doubling in the second quarter, leading some investors to argue for a valuation of $1.5 trillion rather than $2 trillion.
CTech
OpenAI Seeks About $30 Billion in Funding Ahead of Anthropic IPO, Valuation May Exceed $1.4 Trillion
OpenAI is accelerating efforts to raise about $30 billion in new funding before Anthropic's expected mid-November listing, a round that could value it at more than $1.4 trillion. Reuters reported that existing investors including SoftBank Group and Abu Dhabi's MGX are in talks to participate, and that OpenAI has told investors its annualized revenue is $50 billion and is expected to reach $70 billion by year-end. Anthropic's third-quarter revenue was $16.8 billion, up from $11.6 billion in the second quarter and $4.7 billion in the first quarter, and its annualized revenue had already reached about $65 billion in July.
Oct 19
The Elec
Anthropic Reports $16.8 Billion in Q3 Revenue and Achieves Profitability for the First Time
Anthropic reported $16.8 billion in third-quarter revenue, up 45% quarter-over-quarter, and achieved profitability for the first time on an adjusted basis. Revenue rose from $4.7 billion in the first quarter to $11.6 billion in the second quarter. The company plans to launch an IPO after the U.S. midterm elections in November, with a target valuation of $2 trillion, while committing to invest at least $5.18 trillion in cloud and infrastructure over the next 10 years.
bbc_technology
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Oct 18
tmtpost_agi
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tmtpost_agi
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Oct 17
rohan_paul
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Oct 16
siliconangle
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siliconangle
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tmtpost_agi
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Oct 15
ZhidongxiSelected
Anthropic's Q3 revenue reached $16.8 billion with adjusted profitability
According to The Information citing people familiar with the matter, Anthropic disclosed at a potential IPO investor meeting in San Francisco on October 14 that third-quarter revenue reached $16.8 billion, up about 45% quarter-over-quarter, and that it has achieved adjusted profitability with positive operating cash flow. For the first three quarters of this year, the cumulative adjusted operating margin reached 11%, with cumulative revenue of about $33.1 billion. Anthropic is expected to go public before the Thanksgiving holiday (November 26) this November, having previously confidentially submitted a draft IPO registration statement to the SEC.
simon_willison
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Huxiu
Anthropic's third-quarter revenue was $16.8 billion, and OpenAI's annualized revenue was nearly $50 billion, both falling short of market expectations
Anthropic disclosed to IPO investors third-quarter revenue of $16.8 billion, up 46% quarter-over-quarter, a marked slowdown from the over 100% growth in the first half; SemiAnalysis estimates its annualized revenue at about $74 billion. OpenAI's annualized revenue as of the end of September was close to $50 billion, about $20 billion less than the market expectation of $70 billion, with the gap mainly stemming from differences in revenue recognition methods. After the news was announced, chip stocks such as Nvidia, AMD, and Broadcom fell; on October 14, the A-share STAR 50 Index dropped 3.29%, and the market began to reassess the revenue growth and capital expenditure sustainability of the AI industry chain.
bbc_technology
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