Key facts
- First-half 2026 revenue reached $16.3 billion, up 1,304% year-over-year.
- Net revenue retention was 900% as of September 2026.
- First-half 2026 GAAP net loss was $80.7 billion, with $72 billion attributed to non-cash accounting charges.
- The company has committed to spending over $114 billion with Alphabet and over $110 billion with Amazon for compute power.
- No single customer accounted for more than 10% of revenue in the first nine months of the year.
Anthropic, the AI company behind the Claude large language model, has filed its initial S-1 registration statement with the SEC on October 26, 2026, signaling its intent to go public on the Nasdaq under the ticker ANT. The filing provides a detailed look at the company's financials and strategic commitments ahead of what is expected to be one of the year's most significant IPOs, potentially valued between $1.5 trillion and $2 trillion.
The company reported explosive revenue growth, with first-half 2026 revenue soaring 1,304% to $16.29 billion. Its net revenue retention rate stood at a remarkable 900% as of September 2026, indicating strong customer loyalty and increased spending from existing clients. However, the company also disclosed a substantial first-half 2026 GAAP net loss of $80.7 billion, though a significant portion of this is attributed to non-cash accounting charges related to convertible notes.
Anthropic's prospectus also highlighted its diversified customer base, with no single client accounting for more than 10% of revenue in the first nine months of the year. A major focus for investors will be the company's aggressive spending commitments for computing power, including substantial agreements with Alphabet, Amazon, Microsoft, and SpaceX, totaling well over $400 billion.