The Wall Street Journal reported that Anthropic's $80.7 billion net loss in the first half of 2026 was driven mainly by accounting charges, a distinction for investors weighing its proposed IPO.
A draft prospectus put $72 billion of the loss in charges tied to changes in the value of convertible notes and other fundraising instruments, the Journal said. That accounts for about 89% of the reported total. The Journal put the first-half 2025 loss at $13 billion. Reuters said it could not immediately verify the figures, and Anthropic did not respond to its request for comment.
The Journal reported $16.3 billion in revenue for the six months ended June 30, up from $1.1 billion a year earlier. It also reported nearly $9 billion in AI infrastructure spending, almost four times the year-earlier amount.
The Journal put Anthropic's potential future computing outlay at up to $750 billion. That figure includes deals still being negotiated and does not represent a finalized spending commitment. EconoTimes previously covered financing questions linked to Anthropic's contracts with Nscale.
Citing an investor meeting, Reuters reported third-quarter revenue of $16.8 billion, up 45% from the previous quarter. Anthropic also told investors it had made an adjusted profit, Reuters said.
Reuters separately reported that investors were discussing a valuation of about $1.5 trillion, below the roughly $2 trillion previously expected for a November share sale. Those figures describe investor discussions, not offering terms announced by Anthropic.
Anthropic said on June 1 that it had confidentially submitted a draft Form S-1 to the Securities and Exchange Commission (SEC) for a proposed IPO. The company said the share count and price had not been set and that the offering depended on market conditions and other factors.
