Anthropic, PBC Financial Statements

Anthropic, PBC Financial Statements in Beancount — Open Ledger

Anthropic's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form S-1 filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/anthropic

Latest analysis: Anthropic IPO Filing: Q3 Compute Grew Faster Than Revenue, With $895B Committed

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31; SEC CIK 2130357. Coverage starts in FY2024 because the October 26, 2026 Form S-1 presents complete balance sheets only from December 31, 2024. FY2024/FY2025 statements are audited; FY2026H1 (January 1–June 30) and FY2026Q3 (July 1–September 30, from the November 2, 2026 Form S-1/A) are unaudited. The filing also presents audited FY2023 income data, but this ledger does not invent the missing FY2023 balance sheet. ANT is a proposed Nasdaq symbol, not a completed listing.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.

• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.

• Unit — MUSD; 16,286 MUSD means 16,286 million US dollars.

• Additional accounts — Expenses:FairValueLossOnFinancialLiabilities,
  Assets:NonCurrent:RestrictedCash,
  Assets:NonCurrent:OperatingLeaseRightOfUse,
  Liabilities:Current:OperatingLeases,
  Liabilities:NonCurrent:OperatingLeases,
  Equity:Temporary:RedeemablePreferredStock, Expenses:OperatingExpenses,
  opened beyond the standard chart (see each account's open line in
  main.bean).

• Expense presentation — cost of revenue, R&D, sales and marketing, and administration come from the filing's operating-expenses-by-function table (Note 8 in the S-1). The filing prints no functional split for a single quarter, so FY2026Q3 posts the exact difference of two published tables — nine months ended September 30, 2026 (S-1/A) minus six months ended June 30, 2026 (S-1) — and the four lines sum to the quarterly table's total operating expenses. Sales and marketing and administration are separately labeled postings on Expenses:SellingGeneralAdministrative. The face statement’s nature-based costs are not posted again. The FY2025 settlement is a separate Expenses:OperatingExpenses posting.

• Fair value — the convertible-note/derivative/SAFE charge and the separately quantified other-instrument charge use distinct labeled postings on Expenses:FairValueLossOnFinancialLiabilities. Remaining interest and other items net into Income:OtherNet. No non-GAAP adjustments are posted.

• Balance-sheet captions — combined payables, accruals and other current liabilities remain whole on Liabilities:Current:Other; the separate core AccountsPayable account is zero because it has no standalone filed caption. Convertible notes are carried at fair value on Liabilities:NonCurrent:LongTermDebt; redeemable preferred is kept separate from permanent equity. No IPO conversion is assumed.

Analysis

• Anthropic IPO Filing: Q3 Compute Grew Faster Than Revenue, With $895B Committed — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Anthropic, PBC's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Anthropic, PBC; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.