01THE BUSINESS OF AIThe ANT approaches the bell.Anthropic’s IPO paperwork is public. The offering itself is still pending.
Anthropic filed its S-1 on October 26 and intends to list on Nasdaq as ANT. Its announcement leaves the offering price and share count undecided; the registration has not yet become effective.
The filing reports $16.3 billion in revenue for the first half of 2026, up 1,300% from a year earlier, alongside a $693 million operating loss. Its much larger $80.7 billion net loss includes $72.4 billion in fair-value changes to convertible notes, derivative liabilities and SAFEs. Those accounting categories should not be confused with operating spending.
Fast growth is the headline. The filing also warns that comparable growth rates may not continue.
Anthropic’s announcement, October 26 · SEC registration statement



