Summary
This dataset compiles key financial and business figures from the Form S-1 registration statement that Anthropic filed with the U.S. SEC on October 26, 2026: H1 2026 revenue of $16.286 billion (up about 13x year over year), a net loss of $80.748 billion (of which about $72 billion reflects convertible-note valuation changes), and at least $518 billion in cloud and compute spending commitments over the next decade, about 80% of which is non-cancellable.
Data Notes
- Source: Form S-1 registration statement filed by Anthropic with the SEC on October 26, 2026.
- Scope: Amounts are in billions of U.S. dollars unless noted; H1 refers to January-June 2026; customer and revenue-structure figures are as of September 30, 2026.
- Note: Figures are company-level aggregates; Anthropic did not disclose per-model revenue in the S-1.
Core Data Table
| model | metric | H1 2026 | H1 2025 | note |
|---|---|---|---|---|
| Anthropic (company) | revenue | $16.286B | $1.163B | up ~13x YoY |
| Anthropic (company) | net loss | $80.748B | net loss of $13.0B | incl. ~$72B convertible-note valuation changes |
| Anthropic (company) | operating loss | $0.693B | $2.135B | narrowed YoY |
| Anthropic (company) | adjusted operating profit | $1.6B | -$1.8B | turned positive |
| Anthropic (company) | operating cash flow | $3.9B | -$1.5B | turned to inflow |
| Anthropic (company) | compute & infra spend | ~$9.0B | $2.3B | FY 2025: $7.3B |
Revenue Structure and Customer Data
| field | value | as_of |
|---|---|---|
| usage-based revenue | $13.1B, 80% of total revenue | 2026 H1 |
| subscription revenue | $3.2B, 20% of total revenue | 2026 H1 |
| customers (TTM revenue >=$100K) | over 11,900 | 2026-09-30 |
| customers (>= $1M) | over 1,900 | 2026-09-30 |
| customers (>= $10M) | about 250 | 2026-09-30 |
| top-5 customer revenue share | about 25% (9 months) | 2026-09-30 |
| single largest customer share | below 10% | 2026-09-30 |
Long-Term Commitments and Valuation
| field | value | note |
|---|---|---|
| Next-decade cloud/compute commitments | at least $518B | ~80% non-cancellable |
| Total cost basis (Shanghai Securities News) | could rise to $750B | incl. cancellable portion |
| NScale service agreement commitment | up to ~$44.6B | through 2033 |
| SpaceX-related transaction commitment | up to $120.5B | per S-1 |
| Latest private financing valuation | $965B | May 2026 |
| IPO valuation expectation (FT, investors) | $1.5T-$1.75T | reported October 2026 |
Field Descriptions
- model: Data subject (Anthropic company-level aggregate).
- metric / field: Indicator name.
- value / H1 2026 / H1 2025: Indicator values; H1 2026 = first half of 2026, H1 2025 = same period a year earlier.
- note / as_of: Supplementary notes and data cut-off dates.
- Currency is U.S. dollars; the number of shares, price range, and offering date were not disclosed.