Anthropic's amended IPO filing: $17 billion in third-quarter revenue, slowing growth and $895 billion in compute commitments
CNBC pulls the key numbers from the amended S-1, the first look at Anthropic's third quarter before its roadshow.
Anthropic filed an amended Form S-1 with the SEC on Monday, November 2, adding third-quarter financials to the IPO prospectus it published the week before, CNBC reports. Revenue for the nine months to September 30 was $33.24 billion, up roughly 1,200% from a year earlier. Third-quarter revenue was about $17 billion, but growth slowed quarter over quarter: about 47%, down from 144% in the second quarter and 132% in the first.
The company reported a $104 billion net loss for the nine months, mostly from changes in the fair value of convertible notes and derivative liabilities; the third-quarter loss was $23.29 billion. Anthropic disclosed purchase commitments and leases totaling about $895.4 billion, almost all for compute and infrastructure, and said compute and infrastructure expenses rose 329%.
A separate CNBC piece notes the filing landed in a rough week: Microsoft, Alphabet and Amazon results added to worries about AI spending and the borrowing costs of the data center companies Anthropic relies on. No pricing or listing date was announced in the window.
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Form S-1
After exploring Anthropic releases amended IPO prospectus with Q3 financials, to see what this filing is and why it gets amended, read Form S-1.
Wikipedia explains the S-1 as the SEC registration statement a company files before going public, containing basic business and financial information about the issuer.
Wikipedia · Wade · 5 min
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Initial public offering
After exploring Anthropic's path to the Nasdaq just got a lot bumpier, for the mechanics of what comes next, try Initial public offering.
Wikipedia explains how an IPO works: shares sold to institutional and retail investors, typically underwritten by investment banks that also arrange the listing.
Wikipedia · Swim · 30 min
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