Anthropic Files to Go Public on Nasdaq, Reveals $16.3 Billion in First-Half Revenue
Anthropic has officially filed paperwork to sell shares to the public for the first time through an initial public offering (IPO). On October 26, it submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC). The company plans to list its shares on the Nasdaq stock market under the symbol "ANT." The filing does not yet say how much each share will cost or how many shares will be offered. However, the Wall Street Journal reports that the IPO could raise $100 billion or more and value the company at $1.5 trillion to $2 trillion. If that happens, it would break the record set by SpaceX with its IPO in June. Goldman Sachs and Morgan Stanley are leading a long list of banks helping with the offering. Trading is reportedly planned to begin during the week of November 16. The filing also provides the first official look at Anthropic's financial results.
Anthropic earned $16.3 billion in revenue during the first half of 2026, up from $1.16 billion during the same period a year earlier. However, the company also reported a net loss of $80.7 billion. About $72.4 billion of that loss came from a non-cash accounting charge caused by changes in the value of convertible notes and similar financial instruments. This means the loss did not involve an actual payment of that amount. The company's operating loss was much smaller, at $693 million. Anthropic says more than 11,900 customers now spend at least $100,000 a year with it. The company also has about $131.7 billion in cash and short-term investments. At the same time, it has agreed to spend huge amounts on computing power. These commitments include up to $114.5 billion with Google, at least $110 billion with Amazon, and a separate deal involving AMD Instinct MI450 graphics processing units (GPUs). The filing also includes the usual warnings about business risks. Anthropic says it may never become profitable or may fail to remain profitable, and it expects its costs to keep increasing. Meanwhile, OpenAI says it does not expect to go public until next year.