Anthropic: Q3 revenue was 17 billion USD, a year-on-year increase of 1127%, with a net loss of 23.291 billion USD

According to the revised IPO prospectus submitted by Anthropic to the U.S. Securities and Exchange Commission (SEC), the company's revenue for the third quarter of 2026 reached $16.956 billion, a 1,127% increase from $1.382 billion in the same period last year; the net loss was approximately $23.291 billion, compared to a net loss of about $12.138 billion in the same period last year.

Financial data shows that Anthropic's computing power and infrastructure expenses in the third quarter reached $9.863 billion, a year-on-year increase of 382%, accounting for about 58% of revenue. The operating loss for the same period was $567 million, significantly narrowing from $3.089 billion in the same period last year; the adjusted operating profit was $2.463 billion, with an adjusted operating profit margin of 15%, compared to a negative 93% in the same period last year.

The company's net loss for the third quarter includes approximately $21.936 billion in convertible notes, derivative liabilities, and changes in the fair value of SAFE. This item is mainly related to the accounting re-evaluation of financial instruments and does not represent an equivalent scale of cash outflow.

In terms of business, as of September 30, Anthropic had over 11,900 customers who contributed at least $100,000 in revenue over the past 12 months, of which about 250 customers contributed at least $10 million in revenue.

Additionally, as of September 30, the company's cash and short-term investments totaled approximately $131.9 billion. Agreements signed for computing power procurement and leasing as of that date and thereafter involve total committed expenditures of about $89.54 billion, of which approximately $44.75 billion is expected to occur before the end of 2030.

Anthropic also disclosed that it has granted Google an option to purchase up to $10 billion in Class N common stock, which Google can exercise at the offering price during the company's IPO.