Investors temper Anthropic IPO valuation expectations over revenue growth slowdown: Report
Investors are revising expectations after Anthropic said quarterly revenue rose 45% to $16.8 billion, but the pace slowed from earlier this year.
- On Thursday, Anthropic reported $16.8 billion in quarterly revenue, yet stocks plummeted as investors turned bearish on the AI trade amid valuation concerns.
- A valuation above $2 trillion would be roughly 30 times annualized third-quarter revenue, forcing investors to weigh the enormous infrastructure commitments required to sustain growth.
- With an 85% adjusted gross margin, Anthropic still faces financing hurdles; some CoreWeave bonds yield close to 15%, signaling growing funding concerns for levered companies.
- Vey-Sern Ling, managing director at Union Bancaire Privee, warned that "the real concern is not profitability itself, but the increasingly expensive price of keeping it sustainable."
- Citrini Research posted "Oh it's over over" as figures circulated, while Geiger Capital described the revenue as "not good enough," reflecting broader skepticism about sector profitability.
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56 Articles
Investors discuss cutting $500 bi of Anthropic's assessment before IPO. Growth slows down and debate on costs, debt and security gains strength.
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‘Most ridiculous IPO of 2026’: the bear case on the Anthropic IPO valuation
Anthropic’s planned stock market debut is “an unprecedented test of investor gullibility,” independent research firm New Constructs said in a report titled “Anthropic Is The Most Ridiculous IPO of 2026.” The firm puts the AI company’s equity at as little as $144bn. That is 93% below the $2tn valuation Anthropic is reportedly targeting. The report […] This story continues at The Next Web
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