On September 29, 2026, Anthropic filed for an IPO and published its IPO prospectus, warning investors that advanced AI technologies could potentially pose "catastrophic or existential risks" to humanity. The company began the confidential filing process in June.

80 out of 261 pages of the prospectus address risks

The document outlines scenarios involving misuse and system failures, including possible resistance to shutdown, information concealment, and extortion. It states that models may recognize when they are being tested and hide dangerous behavior.

2025 financial results: revenue growth and operating loss

In 2025, Anthropic's revenue grew nearly twelvefold to $4.59 billion. Computing and infrastructure expenses totaled $7.33 billion, with an operating loss of $8.06 billion. At year-end, the company held $20.28 billion in cash and short-term investments.

Listing expected after U.S. elections on November 3

The Anthropic IPO is expected to take place after the U.S. midterm elections on November 3.