Anthropic Revenue Tops $16 Billion as It Files for Nasdaq Listing
Key Facts
Anthropic filed a registration statement for a stock offering with the U.S. Securities and Exchange Commission on October 26 and applied to list its Class A shares on the Nasdaq Global Select Market under the proposed ticker ANT. The filing came as the company’s revenue topped $16 billion in the first half of 2026, up 14-fold from the same period a year earlier, according to The Associated Press. The figures put the developer of the Claude chatbot before potential public-market investors after rapid business growth. But the filing does not mean the listing is complete or that trading has begun. The number of shares and offering price have not yet been set.
The accounts show a net loss of $80.7 billion in the first half of 2026, compared with $13 billion in the same period of 2025, according to The Associated Press. The loss included a one-time accounting adjustment of $72.4 billion related to financing agreements. The disclosure therefore shows not only revenue growth but also the cost of financing and the structure of agreements that affected the reported result. The news agency said the company has not yet turned a profit. The 335-page registration filing details the company and its risks ahead of any potential offering.
The growth story is also tied to the company’s reliance on infrastructure provided by major technology companies. Amazon and Google accounted for 47% of its sales to customers in the previous year, according to a Reuters report published by Investing.com. Anthropic warned in its filing that reliance on a limited number of partners and suppliers could create conflicts of interest and adversely affect its access to computing capacity. The company said plans to build computing capacity and infrastructure would change its business’s cash-flow profile and entail high capital expenditures. The issue is gaining importance as demand for computing resources and memory increases, although the available materials do not specify the size of future capital spending.
That demand’s sensitivity is reflected in South Korean chipmaker shares, which rose during the October 27 session as part of a broader rally led by artificial intelligence stocks. The KOSPI closed at 5,638.34 points, up 3.1%, while SK Hynix shares rose 5.2% and Samsung Electronics shares gained 4.2%, according to The Associated Press. The news agency did not attribute the market moves solely to Anthropic’s filing, but placed them within a broader rally linked to artificial intelligence. SK Hynix closed at 142.62 on October 26, according to EL7 data; that was the previous session’s close and does not represent the stock’s change on October 27. Samsung estimated record operating profit of 107.4 trillion won for the latest quarter, nearly eight times its level a year earlier, the news agency said.
Potential valuations and offering proceeds remain unresolved. Reports cited by The Associated Press put the company’s potential value at between $1.5 trillion and $2 trillion, while noting that a final valuation had not been set. Reports cited by the news agency also said the offering could raise as much as $100 billion, while the amount the company will raise has not been determined. The Associated Press reported that the filing paves the way for a possible Wall Street debut in the following month, without specifying a particular week. Risks cited by the news agency include the possibility that the company may struggle to retain key employees or overcome regulatory hurdles, as well as risks associated with the use of advanced artificial intelligence.
Attention in the near term is turning to results from the two chipmakers and a Federal Reserve meeting. SK Hynix is scheduled to report third-quarter results on Wednesday, October 28, followed by Samsung Electronics the next day, according to The Associated Press. The Federal Reserve meets on October 27 and 28, then again on December 8 and 9, according to its official schedule. The companies’ results offer a near-term gauge of the chip sector’s performance, while the Fed meeting puts U.S. monetary policy on markets’ agenda in the same days. The actual start date for trading in Anthropic shares, their price and the number of shares offered are still absent from the registration statement.