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EXCLUSIVE: Anthropic IPO prospectus lays bare deep dependence on Big Tech partners | Reuters

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Anthropic reports $42 billion loss in leaked IPO prospectus

Anthropic reported a net loss of nearly $42 billion in 2025 according to its leaked IPO prospectus, including $8 billion in operating losses and a $34 billion accounting charge linked to Google and Amazon investments.

Sep 29, 2026·4 sourcesVenture capital fundingAI startupsAnthropic IPOAI foundation modelsAI business models
Anthropic reports $42 billion loss in leaked IPO prospectus
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Other sources for this story

Analytics India Magazine

Anthropic Lost $42 Billion in 2025: Report

The Verge

Anthropic made $4.6 billion in revenue last year, but lost $42 billion.

Reuters

Anthropic's IPO prospectus sharpens focus on AI valuations | Reuters