Anthropic FY25 Revenue Rose 1,088% To $4.59B, But GAAP Net Loss Widened To $41.97B; IPO Prospectus Shows

FY24 Revenue Was $386M; GAAP Net Loss Was $8.31B - FY25 GAAP Operating Loss Widened To $8.06B From $2.98B - Compute And Infrastructure Expenses Rose 190% To $7.33B, Accounting For 58% Of Total Operating Expenses - Cash, Cash Equivalents And Short-Term Investments Totalled $20.28B At 31 December 2025 - Top Two Direct Customers Each Accounted For 12% Of FY25 Revenue - Marketing Pitch To IPO Investors Outlines Plans For Transformative AI Technology