After weeks of speculation due to leaked documents, Anthropic has officially submitted its registration for an initial public offering on Monday. This move sets the stage for what is expected to be one of the most closely scrutinized public debuts in recent U.S. history.
The company intends to list under the ticker symbol "ANT." According to its latest filing with the Securities and Exchange Commission (SEC), Anthropic generated $16.3 billion in revenue for the first half of 2026, a dramatic increase from the $1.2 billion recorded during the same period in the previous year.
Despite this strong revenue growth, the company reported an operating loss of $693 million in the first half of 2026. This represents a significant improvement compared to the $2.1 billion operating deficit recorded in the first half of 2025. However, the net loss stood at a staggering $80.7 billion, largely attributed to non-cash accounting adjustments related to convertible debt. In the filing, Anthropic noted that it "may not achieve or sustain profitability in the future."
The filing also offered insight into the scale of Anthropic's enterprise client base. By the end of September, the firm counted more than 11,900 customers spending $100,000 or more annually. This includes 1,900 customers spending over $1 million and approximately 250 customers spending more than $10 million.
As previously reported, Anthropic's governance framework ensures that its seven co-founders will retain control following the transition to a public company. Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, and Christopher Olah comprise the "Founder LLC," which will collectively hold 50.1% of shareholder voting power. The company stated in the filing that this structure is designed to safeguard its AI safety mission.
Additionally, the Long-Term Benefit Trust, established in 2023 to guarantee the company pursues its public benefit mission, will possess the authority to appoint the majority of the board of directors.
This governance setup has sparked controversy because voting influence is not aligned with economic ownership, meaning public shareholders will likely hold minimal practical control over the development of technology that Anthropic itself identifies as posing "catastrophic or existential risks to humanity."
To date, Anthropic has not yet disclosed the specific amount it hopes to raise through the IPO or the proposed price range for its shares.
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