Anthropic reports significant losses ahead of IPO

Anthropic is reportedly preparing for an initial public offering (IPO) and has disclosed significant financial losses for the year 2025. The company expects to incur a loss of 1.4 trillion THB, attributed to operational losses of 42 billion USD, alongside a revenue of 4.6 billion USD for that year.

The anticipated market valuation for Anthropic upon entering the stock market is projected to reach 2 trillion USD, roughly equivalent to 67 trillion THB. However, the financial details released only extend to 2025, leaving the 2026 figures undisclosed.

A key factor affecting Anthropic's performance has been the launch of Cowork, which has reportedly led to a rapid increase in the utilization of Claude. Despite the increased usage, 25% of the company's revenue in 2025 is expected to come from only two customers, with no long-term contracts secured. The company also faces substantial losses due to convertible loans that have resulted in a recorded loss of 34 billion USD.