As I understand the situation, Anthropic is revenue-positive but not profitable. As usual, Ed Zitron covers this well [0].

As with the dot-com bubble, there is a lot of voodoo accountancy (and flat-out lies) about the actual situation here.

As I understand it, the basic problem is that the big three can't charge enough per token to cover costs because they're in competition with each other (and one of those is Google that can afford to buy market share using its other operating revenues), and the OSS/cheap Chinese models.

And this situation is unlikely to get better in the short term because building cheaper per-token capacity is very expensive and time-consuming.

[0] https://www.wheresyoured.at/anthropics-profitability-swindle...