Artificial intelligence company Anthropic has briefed prospective investors on its finances ahead of a planned Anthropic stock market listing expected before the end of the year, with the BBC reporting that revenue jumped 45% to US$16.8bn in the three months to the end of September.
The figures were shared at an event at the company’s San Francisco headquarters, according to the BBC. Anthropic, which makes the Claude AI assistant, also reportedly told those present that it had turned a profit for the second quarter running. An Anthropic spokesperson declined to comment.
Revenue rising quarter by quarter
Anthropic’s quarterly revenue has climbed steadily through the year: US$4.7bn in the first three months, US$11.6bn in the second, and now US$16.8bn in the third. The company’s figures, along with those of rival OpenAI, are watched as a measure of how quickly the AI industry is growing and whether it can generate enough income to pay for the vast computing infrastructure the technology requires.
Reuters reported, in a prospectus document it reviewed, that Anthropic’s revenue grew 12-fold in 2025 to nearly US$4.6bn, even as the company lost more than US$8bn on an operating basis that year, excluding writedowns. The same Reuters report showed Anthropic held cash, cash equivalents and short-term investments totalling US$20.28bn as of 31 December.
In June 2026, Anthropic confidentially filed a draft registration statement with the US Securities and Exchange Commission, according to CNBC, which reported the company said the filing ‘gives us the option to go public after the SEC completes its review’ and that any listing would depend on ‘market conditions and other factors’.
Market falls cast shadow over AI spending
The investor briefing comes as shares in some technology companies have dropped over concerns about the scale of spending on AI infrastructure. Chip makers including AMD, Nvidia and Intel fell sharply on 15 October. In Asia, shares in Japanese technology investment firm SoftBank were down by more than 9%, while South Korea’s Samsung fell 9.5% and SK Hynix dropped 11%. Trading on South Korea’s Kospi and Kosdaq indices was temporarily halted after both fell by more than 8%, and Japan’s Nikkei 225 lost close to 5%.
The falls followed remarks made by Hock Tan, chief executive of US technology manufacturer Broadcom, at a conference in Singapore on 13 October. Tan said many investors have ‘no clue’ and have set ‘extreme expectations only to find out that it’s almost like they are in a casino’. Selling deepened after US inflation data released on 15 October showed price rises accelerated by more than expected in September, raising concerns that the US Federal Reserve may keep borrowing costs higher.
Safety concerns have also weighed on the sector. OpenAI chief executive Sam Altman said in September that his company would not go public in 2026 while it addresses concerns about AI safety. OpenAI is also planning a stock market listing, which is expected to value the ChatGPT developer at more than US$1tn.
Anthropic’s chief executive Dario Amodei has previously called for the pace of AI development to slow down. The company opened a new office in Singapore on 15 October as part of its ongoing international expansion.
