How so? Can you link to the numbers?

Antropic's revenue is up [1], [2], [3] and if you calculate adjusted operating income (by excluding most expenses like training costs) then by that measure it is profitable. However, if you factor in all the numbers it is operating at a loss.

[1] https://finance.yahoo.com/technology/ai/articles/anthropic-v...

[2] https://fortune.com/2026/09/29/anthropic-leaked-ipo-prospect...

[3] https://www.cnbc.com/2026/10/15/anthropics-third-quarter-rev...