According to sources familiar with the matter, Anthropic PBC informed potential investors that its third-quarter revenue reached $16.8 billion. The AI model company is moving forward with its plans for an IPO.
According to insiders, the company behind Claude told investors at a presentation at its San Francisco headquarters on Wednesday that it had achieved profitability for the quarter on an adjusted basis.
According to insiders, as of the third quarter, Anthropic achieved positive free cash flow, an adjusted gross margin of 85%, and an adjusted operating profit margin exceeding 11% (positive).
Anthropic will be available no earlier than November 9
The company began its official roadshow for the IPO this week, positioning it to start trading before Thanksgiving. Anthropic is expected to go public no later than the end of this year.
These individuals stated that discussions are still ongoing and the timeline may continue to change.
Anthropic gained momentum for most of this year but now faces competition from OpenAI
Awaiting the next round of competition, both sides are evenly matched in the race for higher valuations. Following a series of high-profile "out-of-control agent" hacking incidents, these companies are also at the center of growing public scrutiny over AI safety, intensifying concerns about potential impacts on
Concerns about Anthropic's IPO.
Meta (META.US) released an AI
The company claims that this model represents a significant leap forward compared to its previous generation, adding another competitor for investors to watch. According to the company, Muse Wonder excels in programming, as well as in handling financial and legal tasks.
Its capabilities are comparable to OpenAI's ChatGPT and Anthropic's Claude.
Investor reactions to Anthropic’s latest developments are crucial to the IPO process. Some investors indicated prior to Wednesday’s meeting that the company’s fair valuation is approximately $1.8 trillion to $2 trillion.
In the trillions of dollars range. The company expects its IPO size to match or exceed SpaceX's IPO.
Anthropic incurred a net loss of nearly $42 billion in 2025, compared to approximately $8.3 billion the previous year.
Increased by about five times. Documents seen by the media show that the company's full-year revenue for 2025 reached approximately $4.6 billion, a significant increase from $386 million the previous year, but operating losses widened to over $800 million.
billion U.S. dollars.
Persisting with the IPO means Anthropic will go against the trend of numerous delays and postponements in the global initial public offering market.
Data center operator AirTrunk has delayed its IPO for a real estate investment trust in Singapore until next year, just days after Australian data center company Firmus's IPO
The plan fell through.