Anthropic compute share of sales rises to 58% in Q3

An updated IPO filing shows Anthropic’s Q3 revenue at $17 billion, while compute absorbed 58% of sales after costly short-term deals.

Anthropic’s updated IPO filing covers results through 30 September and puts Q3 revenue at $17 billion, up from $11.5 billion.

Compute absorbed 58% of revenue in the latest quarter, up from 48% the quarter before.

The quarterly compute bill reached about $10 billion, including $5.0 billion under higher-priced short-term commitments.

Revenue per dollar of compute fell to 1.72x after peaking at just over 2x earlier in the year.

The company expects compute and infrastructure to remain its largest operating expense for the foreseeable future.

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