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Anthropic Investors Push for Cautious Valuation Closer to $1.5 Trillion
Anthropic Investors Push for Cautious Valuation Closer to $1.5 Trillion
watch now Anthropic reported updated financials as part of an amended Form S-1 filing with the Securities and Exchange Commission on Monday, giving investors a more comprehensive look into the state of its business. The artificial intelligence company said it generated $33.24 billion in revenue for the nine months ended Sept. 30, up roughly 1,200% from the same period last year.
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Anthropic Investors Push for Cautious Valuation Closer to $1.5 Trillion
watch now Anthropic reported updated financials as part of an amended Form S-1 filing with the Securities and Exchange Commission on Monday, giving investors a more comprehensive look into the state of its business. The artificial intelligence company said it generated $33.24 billion in revenue for the nine months ended Sept. 30, up roughly 1,200% from the same period last year. It reported a $104 billion net loss during the period, though most of that was due to the change in fair value of convertible notes and derivative liabilities. Anthropic had a loss of $25.1 billion over the same stretch in 2025. Anthropic unveiled its highly anticipated prospectus last week, bringing the company one step closer to a potentially historic initial public offering . The initial filing only included the Claude maker's financials through the first half of the year. During its third quarter, Anthropic generated roughly $17 billion in revenue, up about 1,127% from the same period last year. Revenue growth slowed on a quarter-to-quarter basis, however. Third-quarter revenue increased around 47%, a steep drop from 144% growth in Q2 and 132% in Q1. The company reported a net loss of $23.29 billion during its third quarter. As the 5-year-old company prepares to kick off its roadshow, it will have to reckon with growing market jitters around the AI buildout. Wall Street has been worried that rising .
Anthropic investors push for a $1.5 trillion valuation
Investors are pushing for a valuation of roughly $1.5 trillion to $1.6 trillion for Anthropic's initial public offering, according to people familiar with the matter. That is well below the roughly $2 trillion figure discussed in recent months, as a technology stock selloff weighs on appetite for artificial intelligence investments. Anthropic has not finalized a valuation or the number of shares it will sell. In an amended filing on Monday, the company reported third-quarter revenue of about $17 billion, though it still posted a net loss. It also disclosed computing and infrastructure commitments of about $895 billion, and its investor roadshow could begin as soon as next week. The listing, on the Nasdaq under the ticker ANT, is targeted for the week before Thanksgiving.