Anthropic's draft IPO filing shows $80.7 billion first-half loss, WSJ reports

Anthropic recorded an $80.7 billion net loss in the first half of 2026, according to a draft IPO prospectus reviewed by The Wall Street Journal and reported on Oct. 20.

Most of the reported loss is an accounting charge, not cash spending.

About $72 billion of the loss came from charges tied to a rise in the estimated value of convertible notes and other instruments Anthropic issued to raise money, Reuters reported, citing the Journal. The loss compares with $13 billion in the first half of 2025, according to the report.

Revenue rose to $16.3 billion for the six months ended June 30.

That compares with $1.1 billion a year earlier, per the Journal. A September draft of the filing showed a $42 billion net loss for all of 2025.

The draft also flags large computing commitments and risks.

Anthropic disclosed more than $600 billion in future infrastructure commitments and warned that access to computing capacity could constrain growth, according to reports on the draft. Compute spending for the half was reported at roughly $9 billion.

No public filing yet.

Anthropic submitted its draft S-1 to the SEC confidentially, and no public registration statement has been posted. The figures could change before a public filing. Anthropic did not respond to Reuters' request for comment.