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Anthropic is not profitable and does not expect to be revenue even until 2028. They are just losing less billions per year than everyone else.
by etempleton 5mo ago
Anthropic is not profitable and does not expect to be revenue even until 2028. They are just losing less billions per year than everyone else.
- theptip 5mo agoAs always, free cash flow and unit economics are more interesting than net profit. By which metrics Anthropic is making a lot of money.
- fooblaster 5mo agohow exactly can you assume they have unit profitability
- theptip 5mo agoPlenty of analysis on this point, the inputs are not secret. Check out Semianalysis for example. They have something like 70% margin on inference.
- fooblaster 5mo agoso speculation from a semiconductor website. that's incredibly likely to be wrong
- satvikpendem 5mo agoWe will see once Anthropic releases their S-1 too this summer.
- deleted 5mo ago[deleted]
- theptip 5mo agoI think you should do a bit of research and come back once you have fixed your knowledge gaps.
- fooblaster 5mo agowhat research? it's private and there is large incentive to lie until ipo
- JimDabell 5mo agoThey had 40% margin on inference in 2025. https://archive.is/aKFYZ https://archive.is/aKFYZ You can quibble about the exact numbers, but I think it’s fairly clear at this point that inference is profitable with decent margins. Like you say, unit economics are more interesting than the profitability of the company as a whole.