Update: Anthropic Reports Q3 Net Loss of $23.29 Billion

10:21 AM EST, 11/02/2026 (MT Newswires) -- (Updates with committed spend figure in fifth paragraph.) Anthropic reported a Q3 net loss on Monday of $23.29 billion, widening from a net loss of $12.14 billion a year ago and narrowing from a net loss of $66.31 billion in Q2, according to a regulatory filing. The company reported Q3 adjusted earnings of $3.17 billion, swinging from an adjusted loss of $1.17 billion a year earlier. The AI company, which is set to go public this month, reported Q3 revenue of $16.96 billion, up from $1.38 billion a year ago and up from $11.56 billion the previous quarter. Anthropic also reported total Q3 operating expenses of $17.52 billion, up from $4.47 billion a year ago and from $10.58 billion in Q2. Further, the company said it has entered into purchase commitments and lease agreements totaling a committed spend of about $895.4 billion.