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Table of Contents 

Anthropic, PBC
Consolidated Balance Sheets (continued)
(In millions, except share amounts which are in thousands, and per share data)

As of December 31,

2024

2025

As of June 30,
2026

(unaudited)

Stockholders’ deficit:

Class A common stock, $0.00001 par value; 6,319,705, 
8,162,757, and 10,991,000 shares authorized as of December 
31, 2024 and 2025 and June 30, 2026 (unaudited), 
respectively; 1,779,060, 1,901,267, and 2,157,398 shares 
issued and outstanding as of December 31, 2024 and 2025 
and June 30, 2026 (unaudited), respectively

Class N common stock, $0.00001 par value; 2,148,900, 
5,547,243, and 7,044,000 shares authorized as of December 
31, 2024 and 2025 and June 30, 2026 (unaudited), 
respectively; no shares issued and outstanding as of 
December 31, 2024 and 2025, and 30,643 shares issued and 
outstanding as of June 30, 2026 (unaudited)
Class T common stock, $0.00001 par value; 0 shares 
authorized and issued as of December 31, 2024 and 2025 
and June 30, 2026 (unaudited)

Additional paid-in capital

Accumulated other comprehensive income (loss)

Accumulated deficit

Total stockholders’ deficit
Total liabilities, redeemable convertible preferred stock, 
and stockholders’ deficit

—

—

—

—

—

—

—
239

—
(10,040)

(9,801)

—
1,644

5
(52,154)

(50,505)

—
5,336
(53)

(132,902)

(127,619)

$

7,752 $

24,661 $

147,358

The accompanying notes are an integral part of these consolidated financial statements.

F-6