Anthropic going from $4.6B to $16.3B in half a year is kind of insane!

Read through Anthropic’s S-1 and the revenue numbers are wild. They did $4.6B for all of 2025 and $16.3B in the first six months of 2026. The number of customers spending $100K+ a year also went from 950+ to 11,900+ in roughly a year. The $80.7B net loss is probably the headline everyone will focus on, but $72.4B of that comes from changes in the value of its financing instruments. Operating loss was $693M, so the picture is a bit different from what that first number suggests. One thing I found interesting is the ownership structure. The founders get 50.1% of the voting power through a special share, which means public investors won't have much control over company decisions. I came across the funding numbers through Autumn AI while looking into the filing. The rest is from the S-1. I am more curious about whether this growth can hold up than the headline loss. These numbers are huge, but the infrastructure commitments are huge too. Curious how people here are reading this.