Adding a zero to revenue every year is wild. Regardless of whether you like Anthropic.
That's not so hard when you're also adding zeros to the funding.
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It will be even more wild when investors will notice growth slowing down.
Isn't the rate of growth already flattening? Most companies are already cracking down on excessive token spend and setting up pretty low limits.
And some of the big spenders have their own models.
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The S-1 is already out of date. Q3 revenue is $16.8b compared to $11.6b in Q2 (reflected in the S1).
I get why revenue blew up from say from Q4 2025 to Q1 2026, but this was surprising. 45% QoQ growth. When does it stop?
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Not so wild when you add two zeros to hardware-related liabilities...