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Anthropic’s S-1 shows $16.3 billion in revenue and an $80.7 billion net loss

Anthropic’s highly anticipated S-1 puts the AI company’s finances on full display for the first time.

Anthropic’s S-1 shows $16.3 billion in revenue and an $80.7 billion net loss

Anthropic, the AI company, has released its prospectus for its initial public stock offering, providing investors with an in-depth look at its financials. For the first six months of 2026, the company generated $16.3 billion in revenue, a significant increase from $1.2 billion earned during the same period in the previous year. However, the company also reported a staggering net loss of $80.7 billion for the same period, marking one of the largest half-year losses ever recorded by any company.

The majority of this loss, amounting to $72.4 billion, is attributed to an accounting charge related to the increased value of convertible notes issued by Anthropic. The company intends to list on the Nasdaq exchange under the ticker symbol "ANT." Market analysts anticipate that the company's debut, potentially scheduled for Thanksgiving week, could result in a valuation ranging between $1.5 trillion and $2 trillion.

While parts of Anthropic's financial information have been leaked through previous drafts and investor pitches, this story remains a developing one, with updates to follow. This report is based on the wire material provided.

Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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