Anthropic reported a net loss of $80.7 billion for the first half of 2026, according to a draft IPO prospectus. This figure represents a significant increase compared to the $13 billion loss recorded during the same period in 2025. Approximately $72 billion of the reported loss stems from non-cash accounting adjustments related to convertible notes and financial instruments.
The company generated $16.3 billion in revenue during the first half of 2026, marking a substantial rise from $1.1 billion in the first half of 2025. Furthermore, third-quarter revenue reached $16.8 billion, a 45 percent increase over the previous quarter. Despite this growth, two customers accounted for roughly one-fifth of the revenue generated in the first half of the year.
Infrastructure spending reached $9 billion in the first six months of 2026, surpassing the total infrastructure expenditure for the entire year of 2025. Anthropic has indicated that future computing commitments could total $750 billion, including pending agreements. The company is currently preparing for an initial public offering that may result in a valuation of up to $2 trillion.
