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Anthropic amended its IPO filing Monday, revealing $17 billion in third-quarter 2026 revenue, a 47% increase from the prior quarter. However, operating expenses jumped to $17.5 billion, causing a $567 million operating loss driven by expensive short-term compute and $2 billion in non-cash charges. The company holds $146.6 billion in liquidity while adjusted margins fell to 15%.
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Summary by ByteBrief

Anthropic Revenue Jumps 1200% to $33.24 Billion

Anthropic Reveals Surging Revenue in Third Quarter as I.P.O. Approaches

S-1: Anthropic spent ~$2.50 on compute and infrastructure for every $1 of revenue in Q1 2025, falling to under 50 cents in Q2 2026, as it seeks profitability (Financial Times)