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Anthropic’s Q3 revenue hits $17b as infrastructure costs rise
Anthropic said in an amended Form S-1/A filing with the US Securities and Exchange Commission that it generated about US$17 billion in third-quarter revenue.
The AI company also disclosed US$895.4 billion in purchase commitments and lease agreements, with nearly all of that tied to compute and infrastructure.
For the nine months ended September 30, Anthropic reported US$33.24 billion in revenue and a US$104 billion net loss. Its third-quarter net loss was US$23.29 billion.
The company said compute and infrastructure expenses increased by US$14.4 billion from a year earlier in the nine-month period.
Anthropic said most of the nine-month loss came from fair-value changes in convertible notes and derivative liabilities, which can be non-cash accounting charges.
Earlier disclosures showed that much of Anthropic’s AI expansion depends on agreements that cannot be canceled.
The revised filing comes as public investors scrutinize AI companies’ infrastructure spending. In 2025, cloud provider CoreWeave downsized its US IPO.
🔗 Source: CNBC
