Reported News
Anthropic's amended S-1 reports $17.0 billion Q3 revenue and $895.4 billion of committed spend
Anthropic, PBC filed Amendment No. 1 to its Form S-1 with the SEC on November 2, 2026; the filing says "Our revenue was $17.0 billion for the three months ended September 30, 2026, up from $1.4 billion" a year earlier, and it still leaves the IPO price range and share count blank.
- Changes reported
- 6
- listed below, each from a source we read
- We tested
- 0
- we did not run it ourselves
- Gaps we flag
- 4
- things we could not verify
- Sources
- 2
- 2 primary, linked below
What changed
| # | What the source says | Status |
|---|---|---|
| 01 | Anthropic, PBC filed Amendment No. 1 to its Form S-1 on November 2, 2026 (accession 0001628280-26-068676). The registration statement is still not effective, and the price range and number of shares remain blank. | Reported |
| 02 | The amendment updates the financials to the nine months ended September 30, 2026: revenue of $33,242 million against $2,545 million a year earlier, and $17.0 billion for the third quarter alone, up from $1.4 billion. | Reported |
| 03 | The filing says third-quarter revenue grew 1,127% year over year while compute and infrastructure expenses grew 382%; nine-month compute and infrastructure expense was $18,808 million. | Reported |
| 04 | The third quarter swung to an operating loss of $567 million after operating income of $974 million in the second quarter, which the filing attributes primarily to $5.0 billion of compute under short-term commitments and $2.0 billion of non-cash donation matching charges. | Reported |
| 05 | The headline commitment figure left blank in the first S-1 is now filled: an aggregate committed spend of approximately $895.4 billion, substantially all for compute and infrastructure, with approximately $447.5 billion expected before December 31, 2030. | Reported |
| 06 | Nine-month net loss was $104,039 million, mostly a $94,324 million change in fair value of convertible notes and related instruments; cash, cash equivalents and short-term investments were $131,845 million as of September 30, 2026. | Reported |
reported by the sourcemeasured or run by usnot verified
Primary source: Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC EDGAR). We are the fast, independent index; the vendor’s own page is the source of record for this release.
In the source’s words
“Our revenue was $17.0 billion for the three months ended September 30, 2026, up from $1.4 billion for the three months ended September 30, 2025.”
“We do not expect our revenue will continue to grow at comparable rates, and we cannot assure you that it will continue to grow at all.”
What we have not verified
- This is still a preliminary prospectus: the price range, share count, proceeds, Run-Rate Revenue as of October 31, 2026 and offering dates are blank, and the figures may change before the registration statement becomes effective.
- The nine-month figures are from unaudited interim financial statements, and operating metrics are Anthropic's own; we did not analyse the full financial statements.
- The source time shown is EDGAR's acceptance time for the amendment. We read the summary, risk factors, MD&A and summary financial tables, not every page.
- Nothing here is investment advice.
This brief is Reported: written from the sources below, not from running the release ourselves.
Sources
- Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC EDGAR)primary source · fetched 2026-11-02
- SEC EDGAR filing list for Anthropic, PBC (CIK 2130357)primary source · fetched 2026-11-02
Related
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