Anthropic to Release Q3 Financials Ahead of Anticipated November IPO

Anthropic, the AI lab known for its Claude series, is preparing to unveil its third-quarter financials, as reported by CNBC. This disclosure comes ahead of an anticipated IPO in November, underscoring the importance of financial transparency in the tech sector.

The upcoming financial report is expected to shed light on Anthropic's financial health and growth trajectory, potentially impacting its valuation in the public markets. Current predictions in the market suggest a 26% probability that Anthropic's market cap will reach between $1.75 trillion and $2.0 trillion on IPO day. Furthermore, there is a 68.5% likelihood that the IPO will occur by December 31, 2026, indicating strong confidence in the company's progress.

Market participants are keenly awaiting details from the financial disclosure, particularly indicators of revenue growth and profitability. Positive results could enhance market confidence and drive up valuation predictions, while any setbacks might temper optimism.

Key Takeaways

• Anthropic's financial disclosure is a significant step toward its expected IPO in November.
• Market predictions suggest a 26% chance of a market cap between $1.75 trillion and $2.0 trillion.
• The likelihood of going public by the end of 2026 is currently at 68.5%.

What to Watch

• Details of the financial disclosure for revenue growth and profitability indicators.
• Confirmation of IPO plans, such as official filings or roadshow dates.
• Adjustments to market cap predictions following the disclosure.

New Developments at Anthropic

• Daily code merges at Anthropic surged from approximately 2,500 in May 2026 to over 30,000 by September 2026, marking a tenfold increase in just four months.
• The company replaced Git with a custom-built version control system named Scion to accommodate the increased volume of code merges.
• Claude Code, Anthropic's agentic coding tool, is responsible for writing more than 80% of the merged production code as of early 2026, a significant rise from single-digit contributions before February 2025.
• Claude autonomously handled maintenance routines, generating 388 pull requests, with about 46% of those merged after human review.
• Anthropic's engineers are merging about eight times more code daily compared to their pre-2025 baselines.
• The transition to Scion and supporting tools like Antique was completed in five months, even as demand for code merging continued to rise.
• Anthropic's shift in focus from coding to infrastructure orchestration reflects a broader trend among leading AI labs as automation of coding tasks evolves operational constraints.

New Developments in AI Valuation Futures

On October 13, 2026, MNX launched valuation futures covering OpenAI, Anthropic, DeepSeek, and Moonshot, allowing traders to speculate on these companies' market capitalizations without holding equity.

Each contract expires on December 31, 2027, settling based on the company's post-IPO market cap if it goes public, or the last qualifying public valuation if no listing occurs before 2028.

MNX's platform operates on the MegaETH blockchain, ensuring users maintain control of their funds. Notably, MNX excludes US users at launch.

The launch followed a beta phase in September 2026, where OpenAI's futures were initially valued at approximately $1.64 trillion, about 20% below Anthropic's valuation at that time.

MNX was developed by Manifold Markets co-founders Stephen Grugett and Ian Philips, who raised $6.4 million in a pre-seed round at a $40 million valuation in June 2026.