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The documentS–1Anthropic, PBC26 OCT 2026 · 421 PP.
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As filed with the Securities and Exchange Commission on October 26, 2026. 

Registration No. 333-          

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
WASHINGTON, D.C. 20549 

FORM S-1 
REGISTRATION STATEMENT 
UNDER 
THE SECURITIES ACT OF 1933 

Anthropic, PBC 

(Exact name of registrant as specified in its charter) 

Delaware

(State or other jurisdiction of
incorporation or organization)

7372

(Primary Standard Industrial
Classification Code Number)

86-1696045

(I.R.S. Employer
Identification Number)

548 Market Street
PMB 90375
San Francisco, California 94104 
(415) 326-6303
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) 

Dario Amodei, Chief Executive Officer and Co-Founder
Daniela Amodei, President and Co-Founder
Anthropic, PBC
548 Market Street
PMB 90375
San Francisco, California 94104 
(415) 326-6303
(Name, address, including zip code, and telephone number, including area code, of agent for service) 

Rezwan D. Pavri
Allison B. Spinner
Lang Liu
Colin G. Conklin
Jonie I. Kondracki
Lester Ang
Shannon R. Delahaye
Wilson Sonsini Goodrich & Rosati, P.C.
650 Page Mill Road
Palo Alto, California 94304
(650) 493-9300

Copies to:  

Brian Israel
Elena Leichty
Patrick Ekeruo
Scott Booth 
Anthropic, PBC
548 Market Street
PMB 90375
San Francisco, California 94104 
(415) 326-6303

Sarah K. Solum
Calise Y. Cheng
Phillip S. Stoup
Freshfields US LLP 
855 Main Street
Redwood City, California 94063
(650) 618-9250

Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective. 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the 
following box.   
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities 
Act registration statement number of the earlier effective registration statement for the same offering.   
If  this  Form  is  a  post-effective  amendment  filed  pursuant  to  Rule  462(c)  under  the  Securities  Act,  check  the  following  box  and  list  the  Securities  Act  registration 
statement number of the earlier effective registration statement for the same offering.   
If  this  Form  is  a  post-effective  amendment  filed  pursuant  to  Rule  462(d)  under  the  Securities  Act,  check  the  following  box  and  list  the  Securities  Act  registration 
statement number of the earlier effective registration statement for the same offering.   
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth 
company.  See  the  definitions  of  “large  accelerated  filer,”  “accelerated  filer,”  “smaller  reporting  company,”  and  “emerging  growth  company”  in  Rule  12b-2  of  the 
Exchange Act. 

Large accelerated filer ☐
Non-accelerated filer ☒

Accelerated filer
☐
Smaller reporting company ☐
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised 
financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.   

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant 
shall  file  a  further  amendment  which  specifically  states  that  this  registration  statement  shall  thereafter  become  effective  in  accordance  with 
Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities 
and Exchange Commission, acting pursuant to said Section 8(a), may determine.

Text is provided for reference. Check the original for tables, images, and exact formatting.

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  1. Founders’ letterp. 3SEC
  2. Defined termsp. 12SEC
  3. Prospectus summaryp. 16SEC
  4. Risk factorsp. 38SEC
  5. Management’s discussion & analysisp. 144SEC
  6. Businessp. 190SEC
  7. Governancep. 254SEC
  8. Executive compensationp. 275SEC
  9. Related-person transactionsp. 293SEC
  10. Principal & selling stockholdersp. 299SEC
  11. Capital-stock rightsp. 303SEC
  12. Shares eligible for future salep. 318SEC
  13. Underwritingp. 327SEC
  14. Auditor change & expertsp. 345SEC
  15. Financial statements & notesp. 347SEC
  16. Part II & exhibit indexp. 413SEC

How this was made

Read in full.
Kept in context.

A snapshot of the filing dated , rather than a live record of later events.

3primary reviewers
421pages reviewed
43image instances checked

The review

Three primary reviewers read non-overlapping ranges of the complete main filing. All 43 embedded image instances were transcribed and visually reviewed, including the founders’ letter, charts, and customer case studies. Financial tables were also checked visually for dates, units, and column alignment.

A separate reviewer checked the draft’s calculations, accounting interpretations, and customer qualifications. An additional check covered the later merged findings. The result is 62 findings and 21 customer examples.

The boundary

Companion contracts and other exhibits named in the filing’s index are separate documents and were not independently reviewed. Customer outcomes, technical benchmarks, forecasts, and scientific priority claims remain attributed company or customer disclosures.

The numbers

Dollar figures are U.S. dollars. H1 means the six months ended June 30; Q2 means the three months ended June 30. The 2026 interim financial statements are unaudited. Our calculations show their inputs and are labeled separately from reported values.

Blank fields stay undisclosed. Figures with different periods, conditions, or potentially overlapping scopes are kept separate. An earlier tender price is not an IPO price.

What the evidence labels mean
Reported in filing
A company disclosure, with the period and accounting basis retained.
Company estimate / company claim
An estimate or assertion attributed to the company, with its uncertainty preserved.
Our calculation
A derived figure using cited inputs. It is not a separately reported company metric.
Customer example
A selected case study, with its measurement limits. It is not representative ROI.
Proposed / conditional
A status qualifier for an arrangement that is not yet effective or depends on stated conditions.

About updates. This edition is tied to the October 26, 2026 filing. Any later revision should identify its new source date and preserve the basis of earlier claims.

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A closer look at the filing

Anthropic · Form S-1PDF 1

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Filed October 26, 2026. PDF is approximately 46 MB and opens only when requested. Section links may precede the exact cited paragraph.