In The Loop

Anthropic's S-1 is out. Is it actually making money?

Episode Summary

Anthropic just filed its S-1 ahead of what could be the biggest IPO in history, and the headline number is an $80.7 billion loss. Host Ejaaz Ahamadeen goes through the filing, from revenue that hit $16.3 billion in the first half of 2026 to $132 billion in cash, and why most of that loss isn't cash out the door.

Episode Notes

Anthropic just filed its S-1 ahead of what could be the biggest IPO in history, and the headline number is an $80.7 billion loss. Host Ejaaz Ahamadeen goes through the filing, from revenue that hit $16.3 billion in the first half of 2026 to $132 billion in cash, and why most of that loss isn't cash out the door.