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IPO● Neutral for Indian equities
Anthropic's IPO filings: Massive losses, rising costs and more
The brief
- Revenue grew 12-fold in 2025 to nearly $4.6 billion
- Operating loss exceeded $8 billion, excluding writedowns
- Anthropic says rogue AI agents pose uncertain legal risk for the company
- Anthropic targets valuation above $2 trillion despite $42 billion 2025 loss
- Anthropic’s seven co-founders to hold 50.1% voting power through Founder LLC
- Anthropic’s IPO prospectus presents AI as a force reshaping the global economy
- Anthropic prospectus reports $42 billion loss and $518 billion infrastructure spending plan