Video explainer: @AnthropicAI just made its IPO filing public. $16.3B in revenue next to an $80.7B loss in just six months.

@AnthropicAI just made its IPO filing public. $16.3B in revenue next to an $80.7B loss in just six months.

It plans to list on the @Nasdaq as $ANT with @GoldmanSachs and @MorganStanley leading. Per @CNBC marketing could start the week of Nov 9.

Revenue was up from about $1.2B a year earlier. Anthropic told investors Q3 alone hit $16.8B.

About $72B of that loss is a non cash charge tied to convertible notes. The real cost is compute: about $9B on infrastructure in six months plus hundreds of billions in cloud deals.

Five customers make up about a quarter of revenue and the filing says its governance has "no direct public company precedent."

Bankers are reportedly aiming for $1.5T to $2T. That's roughly 22x to 30x revenue. I think the loss headline is mostly noise because it's accounting. What I'd watch is whether revenue keeps outgrowing the compute bills.

Would you buy $ANT at $2T?

The quick version in two pics: $16.3B revenue in six months, a mostly non cash $80.7B loss and a $2T target. Would you buy $ANT at that price?

Sources: Anthropic made its S 1 public on Mon Oct 26 2026 at 9:00am ET newsroom post · CNBC live coverage began the same morning · S 1 public, Nasdaq ticker "ANT", Goldman Sachs and Morgan Stanley leading: Anthropic newsroom , CNBC live , Particle · H1 2026 revenue $16.29B, up from $1.16B a year earlier; H1 net loss $80.7B: CNBC live, Fortune , Yahoo Finance · H1 2026 revenue $16.29B, up from $1.16B a year earlier; H1 net loss $80.7B: CNBC live, Fortune , Yahoo Finance · About $9B spent on infrastructure in H1; hundreds of billions in cloud/compute commitments Yahoo ~ $450B, Business Insid

Not financial advice. For informational and educational purposes only.