Anthropic’s valuation floor is $1 trillion; cash and marketable securities total $131.6 billion.

Anthropic’s S-1 filing, disclosed on October 26, indicates a minimum valuation of approximately $1 trillion—calculated by multiplying the $58.90 per-share price from its Series H funding round (closed as of June 2026) by roughly 16.94 billion fully diluted shares outstanding. As of June 30, 2026, the company held approximately $131.65 billion in cash and marketable securities on its balance sheet, along with $2.5 billion in restricted cash and a $15 billion senior secured credit facility.

On the customer front, over the past 12 months, more than 11,900 customers spent over $100,000 annually, including over 1,900 spending more than $1 million and approximately 250 spending more than $10 million. By September 2026, Claude had contributed over 90% of the code in Anthropic’s codebase.

Regarding equity and governance: the seven co-founders collectively hold over 55% of the voting power; Class F shares alone account for 50.1% of total voting power. Anthropic has donated 846.84 million Class N shares—representing 5% of the fully diluted share count—to the Anthropic Public Benefit Corporation, at no cost. The board is authorized to issue up to an additional 2% of fully diluted shares each time the stock price rises 50% above the prior milestone. Additionally, the seven co-founders have jointly pledged to allocate 80% of their personal shareholdings to charitable purposes.

The risk factors section explicitly states that Anthropic prioritizes AI safety objectives. All valuation and financial figures cited above are derived from analysis of the S-1 filing; final interpretation and accuracy remain subject to the official documents filed with regulatory authorities.