The paper trail

Small print.
Wide open.

A clear path from a claim to the page it came from. Here’s the filing, the research, and how we read it.

The documentS–1Anthropic, PBC26 OCT 2026 · 421 PP.
01The original SEC filingThe authoritative source, in your browser.SEC · HTML 02Download the saved filingThe complete 421-page document, optimized for downloading.PDF · 46 MB 03Download the full researchFindings, customer examples, calculations, and source references.Markdown

Page by page

Go straight to the source.

Page references count physical pages in the saved PDF, starting at 1. The printed filing number is shown separately when available.

Enter a page from 1 to 421. No PDF download needed.

From the filing

PDF page 219

No printed folio visible · Image transcription

View on the SEC
Read the page text
[Embedded graphic 1 — OCR text]
>
accenture

Customer since 2025

Catalyzing the future
of professional services

Results

Accenture professionals trained
on Anthropic

45,000

improvement in security scan
test coverage with Accenture’s
Cyber.Al, powered by Claude

10% > 80%

7x return on Al investment reported
by a broadband provider that is
a joint Accenture and Anthropic
customer

Background

Accenture helps the world’s leading enterprises reinvent by
building their digital core and unleashing the power of AI to
create value at speed for organizations across industries.
The company brings together the talents of over 800,000
people with proprietary assets and platforms, deep process
and industry expertise, and leading ecosystem relationships
to deliver end-to-end solutions and measurable outcomes

at scale.

Impact

In December 2025, Accenture and Anthropic announced a
major expansion of their partnership, forming the Accenture
Anthropic Business Group to help enterprises move to full-
scale AI deployment. Accenture started with its own AI
deployment, rolling out Claude Code to tens of thousands of
developers and expanding Claude Enterprise users across
the company. Accenture has more than 18,000 certified
Claude practitioners across Anthropic’s foundational,
technical, and specialized certification tracks.

Alongside Accenture’s internal transformation, the
Accenture Anthropic Business Group brings this same
approach to clients and has forward-deployed engineers
who embed Claude directly in client environments.
Accenture has created a Claude Center of Excellence and an
Innovation Hub where Global 2000 clients can prototype
and validate use cases. The two companies are also jointly
developing an offering that helps CIOs bring AI to their
engineering organizations.

“This exciting expansion of our
partnership with Anthropic will
help our clients accelerate the shift
from experimenting with AI to using
it as a catalyst for reinvention across
the enterprise.”

Julie Sweet, Chair and CEO at Accenture

Accenture and Anthropic are also building industry offerings
for regulated industries—financial services, life sciences,
healthcare, and the public sector. In cybersecurity, that work
is already shipping with Cyber.AI, a security product with
Claude as its reasoning engine. Accenture is deploying
Cyber.Al in its own global IT infrastructure to help secure
1,600 applications and 500,000+ APIs, cutting scan
turnaround from days to under an hour and lifting test
coverage from about 10% to over 80%.

Accenture and Anthropic’s partnership is already delivering
results for clients. A large US broadband provider rebuilt how
it markets and sells to business customers on Claude. In its
first year, the client reported a 7x return on its Al investment
and 55% faster speed to market. The cost of validating a sales
lead fell 86%, while accuracy rose from 13% to 97%.

This page includes text transcribed from an image. Check the original for tables, images, and exact formatting.

Find a section 16 starting points

Section links may begin before the exact paragraph cited in a finding. PDF numbers below use physical pages.

  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.

The footnotes are only the beginning.Explore the findings Read the story
The original, in context

Open the footnote.

A closer look at the filing

Anthropic · Form S-1PDF 1

Opening page 1…

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