Anthropic made $4.6 billion in revenue last year, but lost $42 billion.
That’s according to a leaked IPO filing seen by Reuters, with $8.06 billion specifically highlighted in operating losses for 2025, more than double the $2.98 billion it reported in 2024. The AI startup spent $7.33 billion on compute and infrastructure in 2025, and plans to spend a further $518 billion over the coming years, so profitability seems a long, long way off for Anthropic.
TL;DR
- Anthropic had $4.6 billion in revenue last year but lost $42 billion.
- A leaked IPO filing revealed operating losses of $8.06 billion in 2025, more than double the $2.98 billion in 2024.
- The AI startup spent $7.33 billion on compute and infrastructure in 2025.
- Anthropic plans to spend an additional $518 billion in the coming years.
- Profitability for Anthropic appears to be a long way off.