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Originally published at The Manhattan Press.
Reports on Anthropic’s financials for the first half of 2026, before its expected stock market debut, reveal that the AI startup recorded a net loss of $80.7 billion.
Revenue was up strongly in the third quarter and reached $16.8bn, a rise of 45% over the second quarter.
Growth in the third quarter came in slower than expected, following a more than doubling of revenue in the second quarter.
Anthropic is expected to go public in November. Several investors have revised their estimated IPO valuation of Anthropic down to around $1.5 trillion in the public market.
The IPO of Anthropic will be a test case for the rest of the AI industry, including OpenAI which is considering a listing for next year. How the market values the company in its first days of trading could influence the price at which OpenAI debuts.
