Anthropic's S-1 by the numbers: $16.3B H1 revenue, 90%+ of code written by Claude

DeepLearningAI · x · 2026-11-10

DeepLearning.AI's The Batch breaks down Anthropic's S-1 filing: $16.3B revenue in H1 2026 (up from $1.2B), $974M operating profit in Q2, compute costs falling from 251% to 48% of revenue, and Claude writing 90%+ of codebase contributions in September. A diagram illustrates its twin flywheels: improvement loop and investment loop.

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