Anthropic

· 3 pieces

Anthropic is pre-IPO in Superintelligence Infrastructure, with an S-1 filed Oct 26, 2026. Published research is listed below. This profile does not show a share price.

Published Research on Anthropic

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Published Nov 4, 2026 · Data as of Nov 4, 2026Research

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Anthropic's S-1 Shows a $17 Billion Quarter Paid for in Tokens, Not Outcomes, While $895 Billion of Compute Promises Flow Back to the Clouds That Fund It

Anthropic's S-1/A shows a $16.96B quarter and positive operating cash, but it still bills per token and per seat, sends more than half of revenue back out as compute, and has signed $895.4B of compute and lease commitments.

Anthropic · Pre-IPO Research

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Published Oct 28, 2026 · Data as of Oct 28, 2026Research

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Anthropic's 900% retention is a growth rate, not a contract

The headline metric in Anthropic's S-1 is Net Revenue Retention of approximately 900%. Read with its definition, a one-quarter base, a $1 entry bar and revenue growth of 1,300%, it mostly measures how fast the whole business grew, not how firmly customers are committed.

Anthropic · Pre-IPO Research

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Published Oct 27, 2026 · Data as of Oct 27, 2026Research

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ANT Offers Owners $1.26B of Half-Year Cash and 49.9% of the Vote

Anthropic's S-1 shows $16.29B of first-half revenue, $3.45B of free cash flow and $1.26B left after stock pay. It also caps public holders at 49.9% of the vote, sets price and share count at pricing, and names about $637.00B of compute commitments.

Anthropic · Pre-IPO Research

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