Odaily Planet Daily reports that according to Anthropic’s IPO prospectus, the company’s revenue for fiscal year 2025 reached $4.59 billion, a 1,088% year-over-year increase from $386 million in fiscal year 2024; GAAP net loss expanded from $8.31 billion to $41.97 billion, and GAAP operating loss increased from $2.98 billion to $8.06 billion.
In fiscal year 2025, Anthropic’s computing and infrastructure expenses increased 190% year-over-year to $7.33 billion, accounting for 58% of total operating expenses. As of December 31, 2025, the company held $20.28 billion in cash, cash equivalents, and short-term investments. Additionally, the company’s two largest direct customers each contributed 12% of annual revenue, totaling 24%.
The prospectus also shows that Anthropic’s IPO plan includes establishing a new founder LLC to maintain control over what the company calls its “low-ego, truth-seeking environment,” and warns that certain governance decisions may conflict with the financial interests of Class A shareholders. (Reuters)