Anthropic holds more cash than almost every U.S. company, according to its S-1 filing with the SEC, reporting $112.4 billion in cash and another $19.3 billion in short-term investments as of June 30, for a total of $131.7 billion. Among non-bank U.S. companies, only Berkshire Hathaway and Alphabet rank higher, based on data compiled by CNBC and S&P Capital IQ. If the IPO raises more than $100 billion, as some reports suggest, its cash could exceed $230 billion, though existing investors will also sell shares, so the company won't collect the full amount. Anthropic has raised an aggregate $141 billion in private financing in six years since its founding. However, it typically buys computing power 12 to 18 months ahead and recognizes expenses only when that capacity becomes available, so first-half compute and infrastructure costs of $8.95 billion don't capture its future obligations, which include $321.4 billion in estimated lease obligations, $265.6 billion in fixed or minimum-guaranteed commitments, and about $245 billion in minimum payment obligations under agreements signed after June 30.
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