According to CoinMeta, the IPO file for Anthropic shows that in the first half of 2026, its revenue reached $16.29 billion, a significant increase from approximately $1.2 billion in the same period last year. However, 48% of its revenue came from cloud markets operated by Amazon, Google, and Microsoft, exposing its dependence on these competitors. According to the SEC file dated October 26, 2026, this proportion increased from 11% in 2023 to 32% in 2024 and 47% in 2025. In addition, sales through Amazon and Google markets in 2025 amounted to about $2.16 billion, and Anthropic paid approximately $351 million in distribution fees to these platforms. The company's expenses for computing and infrastructure in 2025 were about $7.3 billion, while its revenue was only $4.6 billion.