Anthropic reports $17 billion in quarterly sales as IPO nears

Anthropic reported $17 billion in revenue for its most recent quarter, according to an updated Initial Public Offering filing released Monday.

The San Francisco-based developer of the Claude chatbot also posted a net loss of $23.3 billion for that same three-month period.

This disclosure arrived roughly one week after the company submitted its original IPO paperwork. The filing sets the stage for a stock market debut expected later this month.

The updated document shows a dramatic increase in sales over the first nine months of the year. Revenue climbed 13 times to reach $33.2 billion.

Despite the growth, the company reported a total net loss of $104 billion for that nine-month span. This figure includes a $94 billion accounting adjustment tied to financing agreements.

Anthropic stated it has committed to spending $895.4 billion on AI computing and infrastructure, such as data centers. Of that total, $70 billion is scheduled for expenditure within the next 12 months.

The company did not specify how much capital it expects to raise or the final share price. It previously announced plans to list on the Nasdaq Global Select Market using the ticker symbol ANT.