According to the IPO prospectus of Anthropic seen by Reuters.

> Anthropic reported a net ‌loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming year.

> Revenue grew 12-fold in 2025 to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis, excluding writedowns of various liabilities mostly tied to previous fundraising.

> The AI lab spent $7.33 billion on compute and infrastructure last year, a threefold surge from 2024, accounting for more than half of its $12.65 billion in total operating expenses.

> The near-$42 billion net loss included a roughly $34 billion accounting charge that reflected an increase in the ‌estimated value ⁠of financing that could eventually turn into Anthropic shares, rather than money the company spent running its business.

> Anthropic had cash, cash equivalents and short-term investments totaling $20.28 billion as of December 31, the prospectus shows.

$Alphabet(GOOGL.US) $Amazon(AMZN.US) $Microsoft(MSFT.US) $Meta Platforms(META.US) $AMD(AMD.US) $NVIDIA(NVDA.US)