Anthropic Eyes $2T IPO Valuation After Posting $42B Net Loss

Anthropic reportedly prepared for a public listing that could value the company at over $2 trillion. The Anthropic IPO prospectus showed rapid revenue growth, widening operating losses, and heavy compute obligations in 2025. The filing gave investors a clearer view of the Claude developer’s economics before public-market scrutiny. It also showed how fixed infrastructure spending could pressure margins despite a sharp acceleration in sales. The confidential prospectus showed 2025 revenue reached about $4.6 billion, the Financial Times reported. That represented roughly twelvefold growth from the prior year. Operating expenses reached about $12.65 billion during the year.

First reported by The Coin Republic. This page is a short excerpt; the full text is theirs.