After weeks of leaked S-1s, Anthropic finally filed for an initial public offering on Monday, setting the stage for one of the most closely watched public debuts in modern U.S. history.
Anthropic, which plans to list under the ticker “ANT,” recorded $16.3 billion for the first half of 2026, up from $1.2 billion in the same period last year, according to the firm’s latest SEC filing.
That revenue came off the back of an operating loss of $693 million, an improvement from the $2.1 billion in operating losses that Anthropic recorded in the first half of 2025. Anthropic’s net loss, however, hit $80.7 billion, which was largely driven by noncash accounting adjustments tied to convertible debt. The company says it “may not achieve or sustain profitability in the future.”
The filing also provided more color on the scale of Anthropic’s enterprise business. As of the end of September, Anthropic had more than 11,900 customers spending $100,000 or more annually; 1,900 customers spending $1 million or more; and about 250 customers spending $10 million or more.
As previously reported, Anthropic’s governance structure will enable Anthropic’s seven co-founders to maintain control once the company goes public. Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, and Chistopher Olah will make up the “Founder LLC,” which will collectively control 50.1% of shareholder voting power — a move Anthropic says is designed to preserve the company’s AI safety mission, per the filing.
Anthropic’s Long-Term Benefit Trust, established in 2023 to ensure the company pursues its public benefit mission, will have the authority to appoint most of the company’s board.
The governance structure is controversial because it means voting power is not proportional to the founders’ economic ownership, and therefore public shareholders will have little practical control over a company building technology that, by its own admission, poses “catastrophic or existential risks to humanity.”
Anthropic hasn’t yet disclosed how much it hopes to raise nor its proposed share price.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Rebecca Bellan is a senior reporter at TechCrunch where she covers the business, policy, and emerging trends shaping artificial intelligence. Her work has also appeared in Forbes, Bloomberg, The Atlantic, The Daily Beast, and other publications.
You can contact or verify outreach from Rebecca by emailing [email protected] or via encrypted message at rebeccabellan.491 on Signal.
Buy One Pass, Get a Second FreeCover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for freeBook before the BOGO deal expires
The AI graveyard: a running list of projects and startups that didn’t make it
Warhound raises $200M to engineer war dogs and arm them with Anduril gear
Uber puts all 30,000 employees on ChatGPT Work
Airbnb limits chores for guests, sparking backlash from hosts
Year-old AI lab Flapping Airplanes raises $1B at a $6B valuation
Tesla starts Optimus robot production in California as profit falls 43%
The internet is having a very bad cybersecurity day
