Anthropic files for Nasdaq IPO under ticker ANT, showing $16.3 billion in first-half revenue

Anthropic, the artificial intelligence company behind Claude, has filed to go public on the Nasdaq Global Select Market under the symbol "ANT," pulling back the curtain on a business whose revenue jumped to $16.3 billion in the first half of 2026 from $1.2 billion a year earlier, according to its S-1 filed with the SEC on Monday, Oct. 26.

The registration statement leaves the share count and price range blank, so the size of the deal is not yet set. Anthropic will sell new Class A shares, and existing stockholders will sell additional shares. Goldman Sachs and Morgan Stanley top a list of 22 underwriters that also includes J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities.

The public filing follows a confidential draft registration statement first submitted in June, according to EDGAR records.

Fast growth, big losses

Revenue climbed from $41 million in 2023 to $386 million in 2024 and $4.59 billion in 2025, the S-1 shows. Anthropic said it had more than 1,900 customers paying $1 million or more on a trailing 12-month basis as of Sept. 30, 2026, and about 250 paying $10 million or more.

The bottom line looks very different. Anthropic reported a net loss of $80.7 billion for the first six months of 2026, after losing $42.0 billion in 2025. Most of that came from $72.4 billion and $34.3 billion of fair-value charges, mainly on convertible notes whose value rose with the company's valuation, according to the filing. The operating loss narrowed to $693 million in the first half from $2.1 billion a year earlier, as compute and infrastructure costs reached $8.9 billion.

Anthropic had $112.4 billion of cash and cash equivalents plus $19.3 billion of short-term investments as of June 30, and had raised $141.1 billion in total, the filing says.

Who controls the company

Anthropic is a Delaware public benefit corporation, and its share structure is unusual. Its Long-Term Benefit Trust holds Class T stock that lets it elect directors who will make up a majority of the board. A single share of Class F stock, held by an entity whose members are the seven co-founders, including CEO Dario Amodei and President Daniela Amodei, will carry 50.1% of the vote on most stockholder matters. Public buyers get one-vote Class A shares, and Anthropic will be a "controlled company" under Nasdaq rules.

Anthropic said it plans to use the proceeds for general corporate purposes, including compute and infrastructure, hiring, and tax obligations tied to settling employee restricted stock units.

By the numbers

• $16.3 billion: revenue for the first six months of 2026
• $80.7 billion: net loss for the same period, including $72.4 billion of fair-value changes
• $131.7 billion: cash, cash equivalents and short-term investments as of June 30
• 22: underwriters named on the cover
• 50.1%: voting power assigned to the founders' Class F share
• $1.5 billion: copyright class-action settlement (Bartz) approved by a court in July 2026

The risk factors flag that Anthropic has lost money every year since its founding and expects its losses to continue. Anthropic has not yet disclosed a price range or how many shares it will sell.

Sources

1. Anthropic, PBC, Form S-1 registration statement, filed Oct. 26, 2026 (accession 0001628280-26-067168).
2. Anthropic, PBC, draft registration statement record on EDGAR, dated June 1, 2026 (accession 0002130357-26-000005).

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.