Anthropic disclosed in an S-1 filing with the Securities and Exchange Commission that it held $112.4 billion in cash and an additional $19.3 billion in short-term investments as of June 30, totaling $131.7 billion. This total surpasses every non-bank U.S. company, with the exception of Berkshire Hathaway and Alphabet, according to data compiled by CNBC and S&P Capital IQ.
As of midyear, the artificial intelligence lab reported having more cash than Amazon, SpaceX, Meta, and Microsoft, and more than the combined amounts of Nvidia and Apple. The company noted that if its initial public offering (IPO) tops $100 billion, its cash hoard could exceed $230 billion.
Anthropic stated that existing investors would sell into the IPO, meaning the company itself would not collect the entire fundraise. Details regarding the offering size are expected in about two weeks.
The company has amassed an aggregate of $141 billion in private financing over the six years since its founding. However, Anthropic faces substantial future obligations. As of June 30, the lab disclosed $321.4 billion in estimated future undiscounted lease obligations and $265.6 billion in expected future fixed or minimum-guaranteed commitments, totaling more than half a trillion dollars. These commitments are set to begin within the next few years, with terms spanning one to 20 years.
Furthermore, subsequent to June 30, Anthropic entered into new and amended agreements carrying a minimum future payment obligation of approximately $245 billion. The company reported that its first-half compute and infrastructure expenses totaled $8.95 billion, though it clarified that it typically purchases computing power 12 to 18 months in advance and only recognizes expenses as that capacity becomes available.
