Anthropic reports $10.8 billion in contracted revenue yet to be recognized
Anthropic / Wikimedia Commons (Public domain)
About 75% of the $10.8 billion in remaining performance obligations is expected to become revenue within 12 months.
Anthropic had $10.8 billion in remaining performance obligations as of June 30, 2026, according to the notes to its financial statements in the S-1. The figure covers deferred revenue and amounts under non-cancelable arrangements that the company has yet to recognize.
Anthropic expects to book about 75% of that total as revenue over the next 12 months and the rest afterward. The company said timing depends on customer usage, since most of its revenue is consumption-based. Deferred revenue rose to $1.65 billion at June 30 from $269 million at the end of 2025.
The $265 million is an outbound commitment
The filing also shows Anthropic has committed up to $325 million in funding to entities it invests in, of which $265 million remained unfunded at June 30. Some early reports described the $265 million as an unconfirmed financing line for Anthropic. The S-1 lists it as money Anthropic may still pay out, and says the carrying value of those investments was not material.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
