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kshacker | on: OpenAI and Anthropic cut their LLM prices by up to 80% within a few months. Why?
That's why Anthropic are rushing the IPO. You can explain a single quarter slowdown, you can not explain a multi quarter one.
stingraycharles | parent
What makes you say that Anthropic has multi quarter slowdowns?
kshacker | root | parent | next
I am technically not saying that. I am taking off from the parent comment and speculating.

Their data from September is leaked via IPO preview, and October is not yet complete, so how can someone even project that?

// I am a techie, not a finance guy, so apart from public chatter, no inside knowledge.

And I do feel their IPO is being rushed before anyone has enough information to make up their mind. The VCs or private equity have given them a lot of money and want to cash out. When the revenue does slow down, any investor should pause to take a look at whether they can right the ship, or has the landscape itself changed.

eeedda | root | parent
Have more confidence - you are correct.

Their revenue taps, product releases and marketing campaigns were all strategic: to be able to show nice numbers in the financials.

Once they stop playing games with quality of output of these models and revenue's shrink - they will be in deep deep trouble. They are hoping they will conjure up a break through with the IPO proceeds.

Let's see.

flowerthoughts | root | parent | next
My reason is their revenue chart is flattening.

https://techstartups.com/2026/10/15/anthropics-q3-revenue-hi...

Gareth321 | root | parent
The flattening part is not reported, but based on estimates from a company called TickerTrends. If they were correct it would imply a sudden and unusual departure from some incredibly impressive growth. Even more unusual given the release of their industry leading Opus/Sonnet/Haiku. Something to watch but I would not consider that authoritative, and would not invest based on that either.
_heimdall | root | parent
I don't have the numbers in front of me but could have sworn I had seen quarterly revenue growth rates dropping drastically over the last year or so. Still a strong growth rate, but much lower than prior growth rates.

Edit: Data because silent down votes are useless, Anthropic Q2 2026 grew 147% while Q3 grew 45%

eeedda | root | parent
Yes but its growth rates with respect to expenditures, and in particular capital expenditures (R&D etc), which we have no idea about.

Gross margins here are irrelevant: if they can't charge a high enough price to cover all expenditures and rely on cash raised via fund-raises, they are not financially healthy.

Could they be one day? Maybe.

_heimdall | root | parent
I think we agree in a backwards kind of way.

Yes they do need to grow margins to cover expenses, eventually when Amazon had to turn a profit.

My point was only that the numbers we do know clearly show a drop in growth rate of revenue, I can't judge numbers that aren't publicly known.