How much did Anthropic lose in 2025?

Anthropic lost about $42 billion in 2025. Roughly $34 billion of that was a non-cash accounting charge tied to investor funding.

What is Anthropic's revenue growth?

Anthropic grew revenue to $4.6 billion in 2025 from roughly $400 million in 2024. Its first quarter of 2026 alone reached $4.73 billion.

Why is OpenAI mentioned in Anthropic's IPO news?

OpenAI is reportedly raising at least $30 billion privately at about $1.4 trillion and delaying its listing. Its CEO Sam Altman called this an 'ill-advised moment' to go public.

AI Business & IndustryYahoo Finance AI34m agoSep 30, 2026, 22:01 JST

Anthropic seeks $100 billion IPO above $2 trillion value

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3 Key Points

What happened
Anthropic filed a confidential draft prospectus with a 2025 revenue of $4.6 billion, up from $400 million in 2024, and a $42 billion loss, Reuters reported.
Why it matters
The $42 billion loss includes a $34 billion non-cash accounting charge, but the operating loss of over $8 billion shows Claude's real cost at 2025 scale.
What to watch
Anthropic's $518 billion computing commitment and 25% revenue concentration in two unnamed customers are the risks public investors must weigh against the $2 trillion ask.

WHO IT HITSThis affects public market investors who will decide whether to pay a mega-cap price for a company still losing money, and the suppliers such as Broadcom that depend on Anthropic's spending.

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Context & Analysis

Anthropic's confidential filing marks a shift from private fundraising to public scrutiny. The company's private valuation was $965 billion in May 2026, and the reported ask of a valuation above $2 trillion is a large step up driven more by limited public AI exposure than by revenue.

OpenAI's opposite move—reportedly raising at least $30 billion privately at about $1.4 trillion and delaying its listing—undercuts the urgency of Anthropic's ask. Meanwhile, the chipmakers behind Anthropic's compute barely moved in premarket trading on September 30, 2026. Broadcom's management said Anthropic is on track to become its largest XPU customer in 2027.

The outcome hinges on whether operating losses narrowed in the first half of 2026, which the filing will reveal when it goes public. If they did not, the $2 trillion valuation may face a revaluation when new stock meets finite demand. Skeptics also worry that one lab's slowdown could hit every supplier's order book, making the infrastructure layer a safer bet for some investors.

FAQ

How much did Anthropic lose in 2025?: Anthropic lost about $42 billion in 2025. Roughly $34 billion of that was a non-cash accounting charge tied to investor funding.
What is Anthropic's revenue growth?: Anthropic grew revenue to $4.6 billion in 2025 from roughly $400 million in 2024. Its first quarter of 2026 alone reached $4.73 billion.
Why is OpenAI mentioned in Anthropic's IPO news?: OpenAI is reportedly raising at least $30 billion privately at about $1.4 trillion and delaying its listing. Its CEO Sam Altman called this an 'ill-advised moment' to go public.

Yahoo Finance AIRead Original Article

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