Anthropic Posts Net Loss of More Than $80 Billion in First Half, Driven Largely by Accounting Charges: WSJ

NEW YORK: Artificial intelligence company Anthropic recorded a net loss of more than $80 billion in the first half of 2026, according to a draft prospectus for its planned initial public offering reported by the Wall Street Journal on Tuesday. The filing also indicates the company could spend as much as $750 billion in the coming years to secure additional computing capacity.

According to the report, the net loss for the six months ended June 30 came to about $80.7 billion, compared with $13 billion in the same period a year earlier. Most of it, about $72 billion, came from non-cash accounting charges tied to changes in the value of convertible notes and other financial instruments the company issued to raise funding.

The draft prospectus also shows rapid revenue growth. Revenue rose to $16.3 billion in the first half of the year, up from $1.1 billion a year earlier. Much of the growth has been attributed to the popularity of Claude Code, the company’s coding assistant used by developers to write software and build applications.

Infrastructure spending rose sharply as well. Anthropic spent nearly $9 billion on computing capacity and AI infrastructure in the first six months of 2026, nearly four times the prior-year level and more than its total infrastructure spending of $7.3 billion for all of 2025. The filing reportedly states that the company has sought more computing capacity than major cloud providers were willing to supply, which has led it to pursue third-party data-center projects to ease the bottleneck.

The prospectus also points to customer concentration. About 20 percent of first-half revenue came from just two customers, and the company expects a limited number of clients to keep accounting for a significant share of revenue for the foreseeable future.

The figures come as investors look more closely at whether the large sums technology companies are putting into chips and data centers will produce adequate returns. In September, Reuters reported that Anthropic had posted a net loss of $42 billion for 2025.

Anthropic did not immediately respond to a request for comment.