Anthropic IPO Prospectus Reveals $4.59 Billion Revenue for Fiscal 2025

Anthropic's IPO prospectus reports $4.59 billion in revenue for fiscal 2025, marking a 1,088% year-over-year increase, alongside an operating loss exceeding $8 billion. The company warned that many major clients lack long-term contracts and may reduce spending. As of the end of 2025, Anthropic holds $20.28 billion in cash and short-term investments, with plans to invest $518 billion in areas such as cloud computing over the next year.