Primary source: sec.gov

Anthropic, PBC filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission on Monday, Oct. 26, seeking to sell Class A common stock in an initial public offering and to list the shares on the Nasdaq Global Select Market under the ticker ANT¹.

The San Francisco company, incorporated in Delaware as a public benefit corporation, named co-founders Dario Amodei as chief executive and Daniela Amodei as president on the cover¹. The filing leaves the number of shares and the offering price blank and says selling stockholders may also sell shares¹. It currently estimates the IPO price per share will be between two blank figures¹.

Anthropic said it is a controlled company under Nasdaq rules and that, as a public benefit corporation, it must balance stockholder pecuniary interests with the interests of those materially affected by its conduct and a stated public-benefit purpose of responsible development of AI¹.

The financial tables show revenue of $386 million for 2024 and $4.585 billion for 2025, up 1,088%¹. Revenue for the six months ended June 30, 2026, was $16.286 billion, compared with $1.163 billion a year earlier¹. Quarterly revenue rose from $376 million in the first quarter of 2025 to $11.6 billion in the second quarter of 2026¹.

Net loss was $8.309 billion in 2024, $41.965 billion in 2025, and $80.748 billion in the first half of 2026¹. Footnotes attribute large portions of those losses to changes in the fair value of convertible notes, derivative liabilities, and SAFEs, recorded as $5.4 billion in 2024, $34.3 billion in 2025, and $72.4 billion in the first half of 2026¹. Stock-based compensation was $1.2 billion in 2025 and $2.2 billion in the first half of 2026¹.

The company said customers with $100,000 or more of trailing-twelve-month revenue grew from about 200 at year-end 2024 to about 1,500 at year-end 2025 and more than 11,900 as of Sept. 30, 2026¹. As of that date it reported more than 1,900 customers at $1 million or more TTM and about 250 at $10 million or more¹.

Compute and infrastructure expense was $7.326 billion in 2025, or 160% of revenue, and $8.945 billion in the first half of 2026¹. Lead bookrunners listed on the prospectus include Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, and Citigroup¹.

The filing does not set a pricing date or the size of the offering¹. Effectiveness of the registration statement remains subject to SEC review¹.

Sources

1. sec.govAnthropic S-19:04 AM

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