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Anthropic is profitable and growing 45%. So why is the IPO in trouble?

calendar_today October 15, 2026 person Sonia Boolchandani domain vested

Anthropic spent Wednesday telling investors the story it wants on the front page of its IPO prospectus. Third-quarter revenue hit $16.8 billion, up 45% from $11.6 billion in the quarter before. It was profitable on an adjusted basis for the second quarter running.

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