Anthropic generated $33.24 billion in revenue during the first nine months of 2026, up approximately 1,200% year over year, including nearly $17 billion in the third quarter. The company nevertheless reported a $104 billion net loss, driven mainly by non-cash accounting charges tied to the fair value of convertible notes and derivative liabilities. It also swung from an operating profit in the second quarter to a $567 million operating loss in the third quarter, despite a 47% quarterly increase in revenue. The filing submitted to the SEC discloses approximately $895.4 billion in purchase commitments and lease agreements, primarily for computing capacity and infrastructure, as Anthropic prepares for a potential Nasdaq listing under the ticker ANT.
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