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Stock Based Compensation

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Anthropic's amended S-1 shows $1.7B quarterly personnel costs, $107K per employee monthly

Anthropic's amended S-1 filing discloses personnel expenses exceeding $1.7 billion for July through September, averaging roughly $107,300 per employee per month across its 5,300-person workforce. Most of that figure, $1.1 billion, reflects stock-based compensation rather than cash pay. Despite the size of the number, personnel costs now account for about 15% of Anthropic's $33.2 billion in revenue for the first nine months of 2026, down sharply from 2023 when wage spending more than doubled revenue.