Most of Anthropic’s Q3 revenue came from models that barely existed six months ago

Anthropic’s long-awaited S-1, filed Monday ahead of its planned Nasdaq debut under the ticker ANT, shows how quickly customers are spending on its newest models. According to the filing, models released in the six months leading up to September 30 accounted for more than 80% of the company’s third-quarter revenue. Anthropic released eight widely available Claude models between April and September 2026, plus three restricted-access Mythos models. The filing doesn’t say how much revenue each generated; models launched in late September had only days to contribute to the quarter. But that raises an interesting question for developers: Are newer models delivering better results for developers’ tasks, and what do those results cost? Are newer models delivering better results for developers’ tasks, and what do those results cost?

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