Anthropic filed to list on Nasdaq as “ANT,” reporting sharply higher revenue alongside large losses and extensive disclosures about AI-related risks.
Anthropic filed paperwork on October 26 for a planned public offering that could become one of the largest ever. The San Francisco-based company, which makes the Claude chatbot, intends to list on the Nasdaq Global Select Market under the ticker symbol “ANT.” The filing positions Anthropic to reach public investors ahead of rival OpenAI, though the size, valuation, and timing of the offering remain uncertain.
The 335-page filing reports that Anthropic generated more than $16 billion in revenue during the first half of 2026—about 14 times its revenue in the same period a year earlier. It also reports a net loss of $80.7 billion for that half-year. A $72.4 billion accounting adjustment related to financing agreements made up most of that loss, according to the filing.
Anthropic says proceeds could support infrastructure expansion and acquisitions. The filing also describes a governance structure intended to preserve the company’s stated public-safety mission: a special class of shares gives the founders 50.1% of shareholder voting power, while a Long-Term Benefit Trust has authority to appoint directors.
The document devotes 93 pages to risk factors. Among them are the possibility that AI capabilities could advance faster than the company’s ability to evaluate and safeguard new models, that systems could take harmful actions with less human oversight, and that bad actors could misuse models. It also discusses compute availability, data-center controversy, regulatory exposure, and reliance on a limited number of customers and distribution channels.
The disclosures put the economics and safety questions surrounding frontier AI in the same public-market spotlight. Investors will have to assess fast-growing sales and infrastructure needs alongside losses, governance arrangements, and risks that Anthropic says could affect both its business and the wider public.