Anthropic spent $1.71 billion on personnel in the third quarter, up from $489 million a year earlier. In the first half of 2026, personnel expenses reached $3.152 billion, a 486% increase, with stock-based compensation accounting for about 70%, or roughly $2.2 billion. The company had approximately 5,300 employees as of September 30, 2026, and reported $16.286 billion in revenue, an increase of about 1,300%. Personnel expenses fell to 19% of revenue, while compute and infrastructure spending represented 55%. Ahead of its planned Nasdaq listing under the ticker symbol “ANT,” Anthropic is facing scrutiny over the dilution caused by equity awards.
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