Anthropic's 57-page IPO roadshow deck is out, revealing its long-term financial framework

FinanceYF5 · x · 2026-11-11

Anthropic's 57-page IPO roadshow deck (with downloadable slides and a video roadshow) is now public. The long-term financial framework shows revenue growing from $4.73B to $9.96B across Q1–Q3'26, YoY growth of 188%→127%, CoGS falling from 72% to 58%, and long-term targets of 45–50% CoGS, 7–10% S&M, and 35%+ adjusted operating margin.

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