Anthropic IPO Filing Reveals $4.6B Revenue and Heavy Reliance on Two Major Clients

Anthropic's S-1 filing with the SEC reveals a 2025 fiscal year revenue of $4.59 billion, a 1,088% year-over-year increase, alongside a net loss of $42 billion. The company disclosed that Amazon and Google account for nearly 25% of its total revenue. Anthropic plans to invest $518 billion in computing infrastructure over the coming years to support its AI development. The filing also highlights a unique dual-layer governance structure designed to prioritize AI safety, with 6% of its research compute currently dedicated to safety-related tasks.