ANTHROPIC FILES FOR IPO, REVEALING 1,088% REVENUE GROWTH AND SURGING AI COMPUTE COSTS
Anthropic generated $4.59B in FY25 revenue, up 1,088% from $386M a year earlier, according to its IPO prospectus seen by Reuters.
But the scale-up is coming with massive costs:
• FY25 operating loss: $8.06B vs. $2.98B in FY24
• GAAP net loss: $41.97B vs. $8.31B
• Compute + infrastructure expense: $7.33B, up 190% YoY
• Compute and infrastructure represented 58% of total operating expenses
• Cash + short-term investments: $20.28B at year-end
• Its two largest direct customers each accounted for 12% of revenue, or 24% combined