Old Zhang's AI Learning

Oct 26, 2026 · Artificial Intelligence

Anthropic S-1 Reveals $16.3B Revenue, Mythos Model, 900% NRR, and Unique Governance

Anthropic's 421-page S-1 filing shows H1 2026 revenue of $16.3B, a $80.7B GAAP loss driven by non-cash fair-value adjustments, positive operating cash flow of $3.9B, a new flagship Mythos model, 900% net revenue retention, and a governance structure giving a Long-Term Benefit Trust veto power over the board.