According to Wall Street Insights citing The Wall Street Journal, approximately $72 billion of Anthropic's $80.7 billion net loss was due to non-cash accounting adjustments, with an actual operating loss of about $8.7 billion. The company's revenue reached $16.3 billion in the first half of 2026, and third-quarter revenue grew 45% quarter-over-quarter to $16.8 billion. However, the slowdown in revenue growth has prompted some institutional investors to lower its valuation reference range from $2 trillion to approximately $1.5 trillion. Anthropic's committed spending on computing infrastructure has exceeded $600 billion, and if additional agreements materialize, the total will reach $750 billion. This includes approximately $450 billion in cloud computing contract obligations over the next seven to ten years, with the vast majority of agreements stipulating "payment regardless of actual usage."