Anthropic disclosed about $895.4 billion in purchase commitments and leases, nearly all for computing power and infrastructure, in an amended stock market filing published on November 2, as the maker of the Claude chatbot prepares for a listing that could rank among the largest ever.
Scale of that bill now frames the central question for investors weighing the offering: whether revenue growth can keep pace with the cost of the computing capacity needed to train and run frontier AI models.
According to the filing, about $69.8 billion falls due within 12 months of September 30, while about $447.5 billion is expected to be incurred by the end of 2030 and most of the rest between 2031 and 2045, Reuters reported.
Revenue reached $16.96 billion in the three months to September 30, up from $11.56 billion in the second quarter, while the company swung from a $974 million operating profit to a $567 million operating loss, the filing showed.
Nine-month revenue totalled $33.2 billion, against about $2.5 billion in the same period of 2025, and the company held $131.8 billion in cash and short-term investments at the end of September, Dealroom reported from the filing.
| Supplier | Disclosed commitment |
|---|---|
| Broadcom | about $161 billion in equipment leases |
| about $121 billion | |
| SpaceX AI unit | up to $120.5 billion |
| Amazon | about $110 billion |
About $213.8 billion of the total carries termination rights or conditions that must be met before the arrangements begin, the filing said, while a further $150 billion to $175 billion of planned deals, including Google chips and a planned AMD agreement, carry no fixed amount and sit outside the total.
Anthropic first filed its S-1 prospectus on October 26, leaving the commitments figure blank; the November 2 amendment filled in that gap and added third-quarter results. The filing landed days after Marvell agreed to buy Lumentum in a $115 billion all-stock AI deal.
Founded in 2021 by former OpenAI researchers, including chief executive Dario Amodei, Anthropic has applied to list its Class A shares on Nasdaq under the symbol ANT, though the filing leaves the share price, share count and proceeds blank.
What is confirmed is the size of the commitments and the timetable in the filing; what is not confirmed is the IPO date or price, with a listing in the week of November 16 reported, and investors will watch whether the company can narrow its losses as the computing bill comes due.
