Anthropic Reveals $16.3 Billion First-Half 2026 Revenue and $80.7 Billion Loss

Anthropic PBC filed Form S-1 with the U.S. Securities and Exchange Commission on Monday, October 26, under accession number 0001628280-26-067168 and file number 333-299633. The file size was 224 MB.

The S-1 showed revenue of $16.3 billion in the first half of 2026, against $1.2 billion in the same period of 2025. The company recorded a net loss of $80.7 billion, mostly from non-cash accounting adjustments tied to convertible debt, while its operating loss was $693 million.

The filing revalued semiconductor and AI infrastructure stocks, with the SMH ETF rising 2.92% and the Nasdaq Composite gaining 1.04% by 13:05 New York time.

The figures were based on the SEC filing by Anthropic PBC. The company had previously submitted a confidential filing prior to the public disclosure.

What Do These Terms Mean?

Form S-1: The registration form filed by a U.S. company with the SEC before offering its shares to the public.

Initial Public Offering (IPO): The sale of a company’s shares to the public for the first time and listing them on a stock exchange to raise capital.

Net Loss: The negative difference between total revenues and total expenses and taxes during a financial period.

Non-Cash Adjustment: An accounting entry that changes the value of a balance-sheet item without any actual cash moving, such as revaluing convertible debt.

Operating Loss: The loss from a company’s core operations before interest, taxes and non-operating items.

SMH ETF: An exchange-traded fund that tracks the performance of U.S. semiconductor company stocks.