Anthropic has filed for an IPO and, in so doing, has pulled back the curtains and gave the world its best look yet at the company’s finances.

“We believe that AI is one of the most consequential technologies in human history,” Anthropic said in its filing. According to Business Insider , the company touted AI’s ability to fuel economic growth, cure diseases, and speed-up scientific advancement. “Anthropic aims to realize these benefits while navigating and preventing the risks that come with a technological revolution this fast and this powerful.”

Despite its optimistic outlook, Anthropic is still nowhere near being profitable. The company lost $42 billion in 2025 on revenue of $4.6 billion, but those losses soared to $80.7 billion for just the first six months of 2026.

Interestingly, the company’s five biggest customers account for roughly 25% of all of its revenue, and revenue from those customers actually increased as their spending on Anthropic’s services reached a record high.…