Anthropic: Capital expenditures are expected to increase significantly with the continued expansion of computing infrastructure.

Related investments are expected to result in substantial net cash outflows from operating and investing activities for the foreseeable future.

As of September 30, over 1,900 customers contributed more than $1 million in revenue over the trailing twelve months (TTM).

As of September 30, approximately 250 customers generated $10 million or more in revenue over the past 12 months.

Recent growth may reflect early adoption dynamics, the nascent stage of the AI market, and rapid initial customer expansion, factors that may not be sustainable in the long term.

As the revenue base expands and the market gradually matures, the rate of revenue growth may decline significantly, and potentially faster than anticipated.