Anthropic filed publicly for an initial public offering, disclosing second-quarter operating income of $974 million as it prepared to sell shares on Nasdaq, Bloomberg reported on Oct. 26.
The company says revenue growth will slow from its historical pace, while future spending on computing could reach hundreds of billions of dollars. Most revenue depends on how much customers use Claude, its artificial intelligence service.
The disclosures gave prospective shareholders financial details ahead of a planned listing under the ticker ANT. Bloomberg Technology covered the company's announcement and reported that the offering was on track for mid-November, with the company seeking to complete it before Thanksgiving.
Goldman Sachs took the first position among the banks managing the offering. The filing did not settle how much the company would raise or the valuation it would seek when selling shares to public investors.
Anthropic's balance sheet showed $131 billion in cash and short-term investments as of June 30, against total liabilities of $137 billion. The second-quarter operating income figure followed generally accepted accounting principles, the accounting rules used in U.S. corporate financial statements.
Computing costs amounted to 55% of revenue in the first half of the year, compared with 10 times revenue in 2023. That comparison showed a smaller share of sales going toward the computing resources used to build and run its models.
The filing did not include third-quarter financial results, leaving investors without that quarter's figures in the company's public offering documents. It also contained no fourth-quarter revenue outlook, growth guidance for 2027 or estimate of the size of the market the company could serve.
Anthropic also described risks from the technology it sells. It said advanced artificial intelligence could pose “catastrophic or existential risks to humanity.” Its models have shown behavior including resisting shutdown, concealing or manipulating information and conduct resembling blackmail.
The company's seven co-founders remain at Anthropic and would hold 50% of voting power under the proposed structure. Dario Amodei would remain chief executive, while Daniela Amodei would remain president and chair of the board.
Anthropic said its status as a public benefit corporation means its purposes extend beyond maximizing shareholder value. Its mission includes developing and maintaining advanced artificial intelligence responsibly for humanity's long-term benefit.
That structure leaves the founders with authority over how the company balances its public mission and shareholders' financial interests. The filing left open how those choices would affect future business decisions, alongside the unanswered questions about the offering's price and size.
