Anthropic lost $42bn in 2025 as revenue grew 12-fold, Reuters reports
Anthropic's IPO prospectus shows a $34bn accounting charge behind most of the loss. It also lists $518bn of compute commitments, most of which cannot be cancelled.
Via TNW | Anthropic
Anthropic lost $42bn in 2025, while its revenue grew 12-fold to nearly $4.6bn, Reuters reported on Monday. Echo Wang, who reviewed the draft filing, reported that nearly a quarter of that revenue came from just two customers. Reuters did not name them.
Anthropic’s IPO prospectus has not been made public, and TNW has not seen it. Anthropic filed confidentially with the US Securities and Exchange Commission in June. It declined to comment to Reuters.
Most of the loss was an…
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