Anthropic has announced it will exclude charitable matching costs from its adjusted operating profit figures. The decision comes as concerns mount over shareholder dilution caused by significant stock issuances used to fund employee charitable donations. The company reported over $660 million in noncash expenses from stock grants between October 2025 and March 2026. While this approach may present a more favorable profit outlook, the dilution effect remains a concern as Anthropic approaches its IPO, with a potential valuation exceeding $2 trillion.
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