The key facts

  • Anthropic has filed for an IPO, ticker ANT; the fundraising size and share price have not yet been disclosed.
  • Revenue for the first half of 2026 was $16.3 billion versus $1.2 billion a year earlier; operating loss was $693 million, net loss $80.7 billion.
  • The seven co-founders will retain 50.1% of voting rights, and the Long-Term Benefit Trust will appoint a majority of the board of directors.

IPO application filed

Anthropic on Monday officially filed for an initial public offering, planning to list under the ticker «ANT». As TechCrunch notes, this will be one of the most anticipated public debuts in modern US history — following weeks of leaks of the S-1 filing's contents. The size of the fundraising and the expected share price have not yet been disclosed.

Financial performance

According to the latest SEC filing, Anthropic's revenue for the first half of 2026 amounted to $16.3 billion , up from $1.2 billion in the same period last year. The operating loss narrowed to $693 million, compared with $2.1 billion in the first half of 2025. The net loss reached $80.7 billion — largely due to non-cash accounting adjustments related to convertible debt. The company warns that it «may not achieve or maintain profitability in the future».

Corporate customers

The filing also reveals the scale of the company's enterprise business. As of the end of September, Anthropic had more than 11,900 customers spending at least $100,000 per year, about 1,900 customers spending at least $1 million, and roughly 250 customers spending at least $10 million per year.

Governance structure and its criticism

As previously reported, the governance structure will allow the seven co-founders — Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish and Christopher Olah — to retain control after going public. They will form the «Founder LLC», which will hold 50.1% of shareholders' voting rights; according to the filing, this is intended to preserve the company's AI safety mission. The Long-Term Benefit Trust, established in 2023, will have the right to appoint a majority of the board of directors. This structure is controversial: voting power is not proportional to the founders' economic stake, so public shareholders will have little real control over a company that, by its own admission, is building technology that carries «catastrophic or existential risks for humanity».

Why it matters

Anthropic's debut will be one of the biggest tests for the AI market: revenue growth of more than thirteenfold comes alongside a huge net loss and the company's own warning about possible unprofitability. For investors, the governance structure also has practical significance: buying shares will not give control over the company's decisions, and key appointments will be determined by the Long-Term Benefit Trust. It is not yet known how much Anthropic plans to raise or at what price the shares will be sold — this information will likely emerge closer to the offering.