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- Hacker News
- Reuters source who leaked them the info only showed them the 2025 numbers.by htrp
- Why are they only revealing 2025 numbers 3 quarters into 2026?by vmg12
- > the gross margins right now are very positive. [...] So the company loses money. Each model makes money, but the company loses money.
Amodei mentioned the reason for the big losses in an interview released on Feb 2026[1]. Assuming he was telling the truth, that's not a bad position to be in. From what I can tell from the replies to simonw, a lot of people are cynical about Anthropic's growth potential. I'd like to encourage the cynics to bet against Anthropic wish them luck. I will be doing the opposite.
- Gaap net loss almost 42B on less than 5B of revenue, I cant even imagine. Where does all the money go? If the name attached to this was anything other than Anthropic these would be some seriously horrible financials, and that's before getting into all the colorful accounting they're using.by sensanaty
- > Anthropic said nearly a quarter of its revenue came from two customers last year, and as part of its risk factors, warned that many of its largest clients were not locked into long-term contracts and could cut or stop spending.by jameskilton
- Some of these numbers are crazy. The scale of them is hard to comprehend.
- $42 billion net loss in 2025
- $518 billion in infrastructure obligations coming up (EDIT)
- 1/4 of revenue coming from 2 customers
- I'm confused.
The numbers that Reuters describe in this article were entirely for 2025.
It's been well documented that Anthropic's revenue growth in 2026 has been enormous. This was the year of coding agents, and tokenmaxxing, and companies blowing enormous amounts of money on AI thanks to coding agent users spending hundreds (or thousands) of dollars a day.
Given that, I don't understand why the article and the headline are based exclusively on those 2025 numbers, with not so much as a hint to the reader that there are figures from the past 9 months that aren't covered by the documents Reuters saw.
Losing $8bn in 2025 isn't particularly notable if you've made ~10x that amount of revenue in 2026.
(How much did they lose in 2026? Wouldn't we love to know that!)
Is this just a thing with leaked IPO prospectuses and coverage of them?
by simonw - 2 things can be true:
-LLMs profoundly change society -The LLM business is mangled in terms of ROIC vs CoC
Such a business already exists - airlines.
This nuance is what many here refuse/find difficult to understand.
by 2ss