Anthropic reported $16.956 billion in revenue for the third quarter of 2026 in an amended IPO prospectus filed with the U.S. Securities and Exchange Commission, up 1,127% from $1.382 billion a year earlier. Net loss for the quarter was about $23.291 billion, versus roughly $12.138 billion in the same period last year.
Quarterly cost and profit figures
Financial data in the filing showed that compute and infrastructure expenses reached $9.863 billion in the third quarter, up 382% year over year and equal to about 58% of revenue. Operating loss was $567 million, narrowing from $3.089 billion a year earlier. Adjusted operating profit came in at $2.463 billion, with an adjusted operating margin of 15%, compared with negative 93% in the prior-year period.
The company said the quarter’s net loss included about $21.936 billion in losses from fair value changes in convertible notes, derivative liabilities, and SAFE instruments. According to the filing, those items were mainly tied to accounting remeasurement of financial instruments and did not represent an equivalent amount of cash outflow.
Customer base and liquidity
On the business side, as of Sept. 30, Anthropic had more than 11,900 customers that generated at least $100,000 in revenue over the previous 12 months. About 250 of those customers generated at least $10 million in revenue.
As of Sept. 30, the company held about $131.9 billion in cash and short-term investments. Anthropic also said total committed spending under compute procurement, leasing, and related agreements signed by that date and afterward was about $895.4 billion, with around $447.5 billion expected to be incurred by the end of 2030.
Google subscription option
Anthropic also disclosed that it has granted Google an option to subscribe for up to $10 billion of Class N common stock. Google would be able to subscribe at the offering price during Anthropic’s IPO.
