Anthropic's Q3 revenue reached $16.956 billion, a year-on-year increase of 1,127%, with a net loss of $23.291 billion.

Anthropic reported Q3 2026 revenue of $16.956 billion, up 1,127% year-over-year from $1.382 billion, with a net loss of $23.291 billion, according to an amended IPO prospectus filed with the SEC. Compute and infrastructure costs reached $9.863 billion, up 382% and about 58% of revenue, while operating loss narrowed to $567 million from $3.089 billion and adjusted operating profit swung to $2.463 billion (15% margin) from negative 93% a year earlier. The net loss includes roughly $21.936 billion in fair-value losses on convertible notes, derivative liabilities and SAFEs—an accounting revaluation rather than a cash outflow. The company counts over 11,900 customers contributing at least $100,000 in trailing-12-month revenue, including about 250 generating at least $10 million, and held roughly $131.9 billion in cash and short-term investments as of September 30. Compute purchase and lease agreements signed as of or after that date commit Anthropic to about $895.4 billion in total spending, with roughly $447.5 billion expected through end-2030. Anthropic also granted Google an option to purchase up to $10 billion of Class N common shares at the IPO price.