GoKawiilCramer: Anthropic IPO bet hinges on outgrowing massive future spending
Ahead of its anticipated IPO next week, Anthropic reported adjusted operating income of $4.08 billion through the first nine months of 2026, its first sustained profitability on that basis. Under standard GAAP accounting, however, the company posted a $1.26 billion operating loss and a net loss exceeding $104 billion, driven largely by a $94 billion noncash charge tied to equity granted to partners like Google and Amazon in exchange for computing capacity.