Anthropic Q3 Revenue Slows Amid Costs

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%.