Anthropic's IPO prospectus shows that its revenue for the fiscal year 2025 will be $4.59 billion, a year-on-year increase of 1088%; GAAP net loss was $41.97 billion, and GAAP operating loss was $8.06 billion. The calculation and infrastructure expenditure for the fiscal year 2025 is 7.33 billion US dollars, accounting for 58% of the total operating expenditure. As of December 31, 2025, the company holds a total of $20.28 billion in cash, cash equivalents, and short-term investments. The top two direct customers each contribute 12% of the annual revenue. The company plans to establish a founder LLC to maintain control and warns of conflicts between governance decisions and the financial interests of Class A shareholders. (Source: Reuters)
