Anthropic’s revenue is soaring. So is the cost to keep Claude running.
On Monday, the AI company filed an amended version of its S-1, the public filing that discloses its financials ahead of its much-anticipated initial public offering. The company filed the original paperwork last week.
Monday’s amendments include the third-quarter numbers that didn’t make it into the initial filing: Anthropic generated nearly $17 billion in revenue in the third quarter, a more than $5 billion increase from the prior quarter.
But the compute costs required to power that revenue growth weighed on the business. The third quarter swung to a loss, with Anthropic reporting a $567 million operating loss compared to $974 million in operating profit in the second quarter.
The company also disclosed about $895 billion in committed spending on compute and infrastructure — nearly half of it expected by the end of 2030.
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