Anthropic Reports $80.7 Billion First-Half Loss

Anthropic reported a net loss of $80.7 billion in the first half of 2026, largely from accounting charges, while warning that organized opposition to data centers could threaten its business. The San Francisco company is preparing for an IPO that could value it at as much as $2 trillion. In a filing reviewed by the Wall Street Journal, Anthropic said resistance to data centers had become more coordinated across jurisdictions and that its public profile could draw particular attention to projects associated with it. Most of its data center capacity is in the US, though it has signed letters of intent for additional facilities overseas. The filing comes amid protests against construction and souring public opinion on AI in the US.

Lior Prosor, a partner at Deep33 Ventures, said the backlash was unlikely to derail the IPO or near-term growth because facilities now entering permitting would not operate before the second half of 2028. He said regulatory barriers could pose a greater long-term problem. Anthropic said it sought more computing capacity than major cloud partners were willing to provide. It faces more than $600 billion in future cloud computing and chip-leasing costs, with negotiations that could add another $150 billion. Prosor described the commitments as meaningful risks and said the company should raise capital to withstand possible setbacks as the market matures.

The $80.7 billion first-half loss was up from $13 billion a year earlier and included roughly $72 billion in accounting charges tied to changes in the value of convertible notes and other financing instruments. Revenue rose to $16.3 billion from $1.1 billion in the first half of 2025, while computing and infrastructure expenses climbed to nearly $9 billion from $2.3 billion. Anthropic warned that just two customers accounted for roughly one-fifth of first-half revenue and said a significant portion of sales would continue to depend on a limited number of customers for the foreseeable future.

Dario Amodei and his sister, company president Daniela Amodei, each received a base salary of roughly $655,000 in 2025. Stock and option awards brought Dario’s total compensation to about $18 million and Daniela’s to roughly $16.5 million. Their packages were around the median for S&P 500 CEOs but below the median for technology-company CEOs in the index, according to MyLogIQ data cited by the Journal. The draft prospectus says they could receive more equity if milestones are met. Anthropic’s co-founders each pledged 80% of their stakes to philanthropy, and the company plans to commit 5% of its shares to a public benefit fund announced Sunday. Anthropic declined to comment to the Journal; the Post also sought comment.

Anthropic reported a net loss of $80.7 billion in the first half of 2026, largely from accounting charges, while warning that organized opposition to data centers could threaten its business. The San Francisco company is preparing for an IPO that could value it at as much as $2 trillion. In a filing reviewed by the Wall Street Journal, Anthropic said resistance to data centers had become more coordinated across jurisdictions and that its public profile could draw particular attention to projects associated with it. Most of its data center capacity is in the US, though it has signed letters of intent for additional facilities overseas. The filing comes amid protests against construction and souring public opinion on AI in the US.

Lior Prosor, a partner at Deep33 Ventures, said the backlash was unlikely to derail the IPO or near-term growth because facilities now entering permitting would not operate before the second half of 2028. He said regulatory barriers could pose a greater long-term problem. Anthropic said it sought more computing capacity than major cloud partners were willing to provide. It faces more than $600 billion in future cloud computing and chip-leasing costs, with negotiations that could add another $150 billion. Prosor described the commitments as meaningful risks and said the company should raise capital to withstand possible setbacks as the market matures.

The $80.7 billion first-half loss was up from $13 billion a year earlier and included roughly $72 billion in accounting charges tied to changes in the value of convertible notes and other financing instruments. Revenue rose to $16.3 billion from $1.1 billion in the first half of 2025, while computing and infrastructure expenses climbed to nearly $9 billion from $2.3 billion. Anthropic warned that just two customers accounted for roughly one-fifth of first-half revenue and said a significant portion of sales would continue to depend on a limited number of customers for the foreseeable future.

Dario Amodei and his sister, company president Daniela Amodei, each received a base salary of roughly $655,000 in 2025. Stock and option awards brought Dario’s total compensation to about $18 million and Daniela’s to roughly $16.5 million. Their packages were around the median for S&P 500 CEOs but below the median for technology-company CEOs in the index, according to MyLogIQ data cited by the Journal. The draft prospectus says they could receive more equity if milestones are met. Anthropic’s co-founders each pledged 80% of their stakes to philanthropy, and the company plans to commit 5% of its shares to a public benefit fund announced Sunday. Anthropic declined to comment to the Journal; the Post also sought comment.