Anthropic revenue reportedly jumps to more than $11.5B in second quarter

https://www.cnbc.com/2026/08/15/anthropic-revenue-jumps-to-over-11point5-billion-in-q2-report.html

17•AnodicElegy•1h ago

Comments

rogerkirkness•1h ago

There is just no way all these data center investments in the trillions pay off. That has to be paid out of cashflow, like, real profit. The price to do useful things keeps falling, the payroll economy will crash long before there's actual trillions of dollars of cashflow for tokens.

rvz•51m ago

It is the entire scam and many of those funding the data center build-out know this. Otherwise why are they hiding the trillions of debt under the rug?

There's a reason why a company like Stripe can stay private far longer than Anthropic or OpenAI can.

These AI companies have taken in all the capital from private investors and are still losing hundreds of billions and have no choice but to hype up the IPO and dump some of the stock at a purposefully inflated valuation to retail investors.

mlnj•25m ago

They are worth (on paper) so much that there are not enough retail money to buy them anymore. All these companies can do is put Uncle Sam on the hook to print money for them. There is no other way.

WarmWash•25m ago

They just need 5% of the worlds population to get $50-100 value per month out of them.

Even in my non-SWE job, paying $100/mo for my current $20/mo plan would still be a no-brainer.

I don't think there is much concern about open models either. Compute is constrained for the foreseeable future, and money is what will determine who gets it. Nevermind that the US will likely block Chinese model imports or China will block exports at some point. The cold war has already begun here.

mlnj•19m ago

I highly doubt 415 million people will find enough reason to purchase $100 worth of Anthropic, especially when the price of intelligence keeps going down and smaller models become more and more capable to meet the average person's needs like drafting emails, customer support, basic RAG.

eddq•15m ago

Also that bozo is not bringing to the surface the implicit assumption of going-concern in perpituity.

Most people shouldn't open their mouths / write anything re. valuation TBH.

Lerc•5m ago

Why that many people per month? What timeframe were you considering for them to pay off their expenditure? For that matter what are you estimating their total expenditure to be?

lokar•22m ago

They are valued as if one company will win and get almost the entire market. And that the market will be massive and profitable.

GolfPopper•8m ago

That's because the implicit sales pitch is: "We will create a tame AI overlord and rule the world with it!"

dominotw•35m ago

cant access bloomberg link. so they are "leaking" these numbers to press ? why ? i cannot think of any non shady reason to do so

seafoam•34m ago

Anthropic would publish audited financial statements, if they saw it to be in their interest.

Analemma_•29m ago

Which pre-IPO companies publish audited financial statements?

williamcotton•27m ago

It is still in their interest to not report "false or misleading statements that you or others on your behalf make regarding your company."

https://www.sec.gov/resources-small-businesses/exempt-offeri...

estearum•18m ago

And why would it be in their interest...?

brookst•14m ago

Scratching my head too. Why? Spend a lot of money and effort, to share info you don’t have to, which can only create liability?

__natty__•13m ago

As someone who does not understand how IPO works. So they do not need to show whole “big picture” of their revenue vs costs before going public? Wouldn’t build it trust to show they are healthy company worth investing besides speculation? (It must be naive question from)

solomatov•25m ago

As far as I remember there was report of their run rate. How does it align with this?

yread•10m ago

I think it was 48B for 2026 so they got some growin to do

cactusplant7374•23m ago

There is a narrative that subscriptions are subsidized. Perhaps we should consider that API users are being price gouged?

kingkongjaffa•20m ago

No way of knowing, this report is about revenue not profit.

eddq•17m ago

We already know they are not profitable in the truest sense w.r.t valuation.

FCFF = EBIT(1-t) - Reinvestment.

This is how the operating assets are valued via intrinsic valuation.

Could they generate immense earnings and cash flows net of reinvestment? Sure. DO I believe so? Nope. They've got way too out infront ahead of their skies about where this technology belongs and operates best.

esafak•19m ago

There is so much competition gouging is impossible. If somebody is willing to pay Anthropic's high prices let them. I don't.

eddq•14m ago

And its only transitory.

Both OAI and Anthropic tried to time their pricing to look good heading into an IPO window.

They got screwed as China has kept up. Wonder how they're gonna overcome this problem - protectionism? Maybe.

cactusplant7374•12m ago

Most developers would rather use Claude or Codex than mess around with anything else. Codex has 15+ million users.

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Anthropic revenue reportedly jumps to more than $11.5B in second quarter

Comments

Claude: System Prompts

The AI Credit Resale Economy

Firefox for iOS now has a native adblocker

Does anyone run Postgres without PgBouncer?

A SAT Attack on Tarski's High School Algebra Problem

A True Telnet BBS on a Casio Calculator

Research papers using "kidney disappointment" instead of "kidney failure"

Asus Bike Booster

Tasklet (YC P26) Is Hiring a Head of Design Engineering

Chestnut – eGPU dock with open-source firmware

Show HN: A public AI whose memory is shared across all users

Asynchronous I/O in DuckDB: Work, Thread, Work

Software Engineering fundamentals matter more

Superconducting monolayer cuprate with a single CuO2 plane

Anthropic revenue reportedly jumps to more than $11.5B in second quarter

Cultivating a state of mind where new ideas are born (2023)

Super El Niño Keeps Growing as New Forecasts Reach Record Territory Ahead Winter

Semaglutide linked to lower predicted dementia risk

Guiding Ships with Moire Patterns (2018)

Patterns and problems in emerging multi-agent systems

At-home test for infected ticks could improve Lyme Disease diagnosis

What I Learned Securing Sniffnet with the GitHub Secure Open Source Fund

Falstad Math and Physics Simulations

AI in drug discovery – what it is, where we stand and the path forward

A fortuitous decade as an indie software developer

A U.S. Strategy to Prevent the Creation of Mirror Life

RISC-V: They Should Have Known Better

Show HN: Mic Drop, a real-time multiplayer karaoke game

Show HN: Grafana agent observability for Hermes Agent

Numba in the Browser: Unlocking a New Scientific Python Stack in JupyterLite