Anthropic Reports $80.748 Billion Loss as It Files for Potential Nasdaq Offering
Key Facts
Anthropic filed an S-1 registration statement with the U.S. Securities and Exchange Commission on October 26, 2026, paving the way for a potential public offering, and proposed listing its Class A shares on the Nasdaq Global Select Market under the symbol ANT. The filing came as U.S. chip stocks rose in the same session and futures on Japan’s and South Korea’s indexes pointed higher in the following day’s trading. But the document does not specify the number of shares to be offered or a price range, and therefore does not amount to an announcement of a completed offering or its final terms. The company plans to use the net proceeds for general corporate purposes, including working capital, operating expenses and investment in computing and infrastructure. That puts funding for computing capacity at the center of the stated uses of proceeds, as investors watch whether interest in the company extends to chip and memory suppliers.
In U.S. markets on Monday, October 26, Nvidia shares rose about 3%, Micron gained about 3% and Broadcom advanced about 3%, while the Philadelphia Semiconductor Index climbed more than 3%, according to Reuters. Coverage linked the moves to Anthropic’s disclosure of offering documents, but placed the gains within broader caution over debt-financed spending on AI infrastructure. Reuters said a listing by a company at the heart of the AI business could reshape how the market values parts of the sector, including chipmakers. The offering could also redirect capital away from other major technology companies, the report said. In Asia, Bloomberg coverage pointed to gains in Japanese and South Korean futures, while Australian futures were little changed, after the U.S. semiconductor index rose in the previous session.
First-half 2026 figures reflect a mix of rapid revenue growth and a large accounting loss. Anthropic’s revenue exceeded $16 billion, about 14 times revenue in the same period a year earlier, according to the Associated Press. By contrast, its net loss was $80.748 billion, of which $72.388 billion stemmed from changes in the fair value of convertible securities, derivative liabilities and SAFE financing agreements, according to the registration statement. The agency described an item of about $72.4 billion as a one-time accounting charge related to financing agreements. The company also said it had $131.7 billion in cash or cash equivalents as of June 30, 2026. Anthropic says its expansion in computing and infrastructure will change its cash-flow profile and increase capital expenditures, linking future funding needs to the expansion of those capabilities.
Anthropic’s move comes in a market that offers no guarantee that the listing window is wide open for AI and infrastructure companies. Reuters said other AI infrastructure and data center companies had delayed their listings amid higher interest rates and selloffs in shares and bonds of AI operators. The agency said Anthropic’s offering would test whether the company’s position in the AI business can attract investors despite those conditions. The Associated Press estimated that a potential valuation could reach $2 trillion, according to reports, but said the final valuation and offering price had not been set. It also noted that SpaceX raised $86 billion in its June 2026 offering. The registration statement says the seven founders will retain 50.1% of the voting power after listing through a special share-class structure.
Investors are turning their attention to company results and the Federal Reserve decision, near-term events that could shape assessments of AI demand and related spending. Alphabet and Microsoft were scheduled to report on Wednesday, followed by Amazon and Intel on Thursday, with attention focused on AI spending plans and the returns those investments generate. The Federal Reserve’s decision was also scheduled for Wednesday. In South Korea’s chip sector, Investing.com listed October 28, 2026, as the date SK Hynix would report results for the quarter ended in September. After Anthropic’s offering, Reuters said attention would shift to the possibility of an OpenAI listing, but noted that the long-term effect of these offerings on AI trading remains uncertain.