🔥 ANTHROPIC LOST NEARLY $42 BILLION IN 2025

But don't panic yet: about $34 billion of that is a non-cash accounting charge.

The unreleased IPO prospectus, reviewed by Reuters, reveals:
- Revenue up 12x to $4.59 billion
- Compute costs tripled, making up over half of operating expenses
- Just two customers drove nearly 25% of revenue
- Around $518 billion in infrastructure obligations ahead
- 7 founders hold 50.1% of voting power via "Founder LLC"

The expected valuation is above $2 trillion, but the IPO may slip until after the U.S. midterm elections.

So why is a company losing this much still valued this high?

Read the full breakdown here 👇
https://cryptothreads.io/news/anthropic-ipo-prospectus-42b-loss-2025/

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