‘Notion’ that Anthropic is unprofitable disproved by S-1: D.A. Davidson

How much runway do we give Anthropic uh and how much how much uh how much benefit of the doubt do we give them to actually realize that growth potential based on what you've seen from the IPO perspectives? >> I actually think the news in the perspectus is far better than that. Uh this is a company that's uh raised $141 billion and still has $134 billion. So it's only used $7 billion of cash to grow a business that this quarter was 16 billion of revenue. So on an annualized basis it's approaching 7075 billion. That's incredibly efficient. They are likely to be uh uh profitable on a generally accounting accepted accounting principle basis and a cash flow basis in the third quarter when they update those financials. So uh I and then on a gross margin basis so revenue less compute costs it's more than 50% profitable. So the the notion that this is an unprofitable company and and is maybe not viable, I think that's that's very much uh uh uh discouraged by a reading of this S1 uh perspectus. This.