Anthropic prospectus revealed: a huge loss of 80.7 billion US dollars in half a year
半年巨亏80,000,000,000美元！Anthropic招股书曝光了
The WSJ made public Anthropic's draft S-1 prospectus: revenue for the first half of the year ended June 30, 2026 was 16.3 billion US dollars, about 15 times the 1.1 billion US dollars in the same period of 2025; GAAP net loss was 80.7 billion US dollars, of which about 72 billion came from book adjustments for changes in the fair value of financing instruments such as convertible notes, and excluding that, the operating loss was about 8.7 billion US dollars. The prospectus discloses that total future infrastructure commitments already exceed 600 billion US dollars, and adding up to 150 billion US dollars still under negotiation, the potential compute bill reaches 750 billion US dollars, including cloud purchases of 111 billion US dollars committed to Google Cloud, 110 billion to AWS and 31 billion to Azure, and more than 160 billion US dollars in chip leasing with Broadcom, the vast majority of which are non-cancelable contracts; in the first half, about one fifth of revenue (3.26 billion US dollars) came from two major customers. The risk factors section also notes that Claude may exhibit self-preservation traits and generate responses resembling extortion. The IPO roadshow is expected to begin in early November.
The report breaks out that about 72 billion of the 80.7 billion loss is a book adjustment from fair value changes on convertible bonds, helping readers distinguish the huge book loss from the actual operating loss.