The Decoder reported on November 2, 2026 that Anthropic had swung back to an operating loss ahead of a large initial public offering. Revenue, operating costs, and the net loss come from different outlets. The roundup places them together without merging them into one set of books.
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Bloomberg's figure is quarterly revenue of nearly $17 billion, twelve times the amount a year earlier. The Information's figure is operating costs of $17.5 billion, above that revenue, which wiped out the profit Anthropic had reported the previous quarter. The net loss for the quarter was $23.3 billion, compared with $12.1 billion a year earlier.
[1]Anthropic pointed to two main drivers of the cost spike: $5 billion for short-term compute capacity it locked in, and $2 billion in employee donation matching. The company has been grappling with a compute crunch since late last year. The New York Times reports dozens of deals since then with Amazon, Google, SpaceX, chipmakers, and former crypto miners. Anthropic is expected to have access to more than 3.5 gigawatts of power this year and plans to double that next year.
[1]The updated prospectus shows $895 billion in commitments for compute and data center leases. The New York Times reports that those costs add pressure on an offering that could raise around $100 billion, with up to $3.5 billion expected from Japanese investors. The article does not split the $895 billion into amounts that must be paid and amounts that can be cancelled, and it does not give a separate figure for each deal.
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