November 2 — Documents filed by Anthropic with the U.S. Securities and Exchange Commission (SEC) show that in the third quarter ended September 30, the company's revenue approached $17 billion, a 12-fold increase year-over-year. This performance is expected to further boost market expectations for its IPO, which could set a record in listing scale. Over the same period, the net loss reached $23.3 billion, compared with $12.1 billion a year earlier; operating expenses rose to $17.5 billion, up 292% year-over-year. The documents also show that Anthropic currently has total contractual and other committed expenditures of $895 billion, most of which is related to computing power and infrastructure. Of this, about $448 billion is expected to be incurred before the end of 2030, and about $70 billion will be paid within the 12 months ending September 2027. Anthropic submitted its IPO application on October 26 and plans to list before the U.S. Thanksgiving holiday. People familiar with the matter said the company hopes to raise an amount equal to or exceeding the $86.2 billion raised when SpaceX listed.
