The Wall Street Journal reviewed a draft Form S-1 for Anthropic, and Investing.com relayed those figures in coverage published around the same window as a post from WSJ reporter Anissa Gardizy at about 03:32 Beijing time on October 21. Anthropic's website still carries only a June 1, 2026 Rule 135 notice that a confidential draft S-1 was submitted to the SEC, with share count and price not set and with no offer to sell. Anthropic has not itself published the first-half 2026 financial figures discussed below. The numbers in this brief come from media accounts of the draft prospectus and remain subject to a public EDGAR filing or company confirmation.
According to Investing.com citing the Journal, Anthropic generated about $16.3 billion in revenue in the first half of 2026, up from about $1.1 billion in the same period a year earlier. The same relay says Anthropic spent nearly $9 billion on computing capacity and infrastructure in the first six months of 2026, more than the about $7.3 billion spent on infrastructure for all of 2025.
Investing.com, again citing the Journal, reports a first-half 2026 net loss of about $80.7 billion. About $72 billion of that loss came from non-cash accounting adjustments tied to convertible notes and other financing instruments, according to the same Investing.com account of the WSJ reporting.
On cloud capacity, Investing.com citing the Journal says Anthropic has roughly $450 billion in noncancelable cloud compute agreements over the next decade, including about $111 billion with Google Cloud, about $110 billion with Amazon Web Services, and about $31 billion with Microsoft. Separately, Gardizy's note on X, reflecting the Journal's framing, says Anthropic is set to spend more than $600 billion on compute in the coming years, inclusive of cloud agreements and chip leases. Investing.com also reports, citing the Journal, that Anthropic indicated it could potentially spend about $750 billion in coming years on more computing capacity, including deals still under negotiation.
Investing.com citing the Journal further notes that about 20 percent of the $16.3 billion in first-half revenue came from just two customers, and that a limited client base is expected to remain a large share of revenue. The same coverage says the draft filing discusses risks around model alignment and catastrophic incidents, including that damages from severe AI-related security events could exceed available insurance limits. Until Anthropic publishes a public S-1 or confirms the figures, treat these as media reports of a draft prospectus review, not as company disclosure.