Anthropic, PBC is a frontier artificial intelligence safety and research company that develops state-of-the-art foundational large language and multimodal models. The company's flagship product portfolio centers on the Claude family of models (including the Haiku, Sonnet, and Opus series), which are designed to perform complex reasoning, coding, document synthesis, and autonomous agent workflows. Anthropic operates primarily through two commercial monetization channels: usage-based consumption and recurring software subscriptions. Its consumption model generates revenue from per-token API usage across developers, startups, and large enterprises accessing Claude directly or via major cloud marketplace distribution partners, including Amazon Web Services (Bedrock), Google Cloud (Vertex AI), and Microsoft Azure. Its subscription business comprises individual plans (Claude Pro, Claude Max), enterprise seat licenses (Claude Team, Claude Enterprise), and developer workflow products such as Claude Code. Enterprise and business customers account for approximately 80% of revenue. The company operates globally with corporate headquarters in San Francisco, California, supported by major compute and distribution infrastructure alliances with Amazon and Google. Anthropic is organized as a Delaware public benefit corporation with a governance architecture that includes a Long-Term Benefit Trust to oversee the responsible development and alignment of advanced artificial intelligence.
Gross margin measures the amount of revenue that remains after subtracting costs directly associated with production.
The EBITDA margin is a measure of a company's operating profit desconsidering D&A costs as a percentage of its revenue.
The EBIT margin is a measure of a company's operating profit considering D&A costs as a percentage of its revenue.
The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment.
Many companies have a high D&A in relation to the company's operating profit (EBITDA) and although this indicator does not have an effective cash effect, it ends up influencing the accounting net income, so analyzing this relationship can help to understand when D&A has a relevant impact to the company's results.
Shows the amount spent on investments in research and development in relation to the Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Shows the amount spent on investments in Capex in relation to Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Indicates a comparison between investments in fixed/intangible assets and the depreciation and amortization of some company assets. It serves to let managers know that the company's assets are devaluing periodically, and whether CAPEX has followed the same pace or not.
It shows the percentage of operating cash flow that the company uses in Capex (investments in fixed and intangible assets). When your result is greater than 100%, it demonstrates that there are expenses greater than what the company produces in its operations.
It demonstrates the percentage cost of Stock-Based Compensation compared to the company's operating cash flow. In some companies, the OCF is positive because of the SBC, which can lead to an incorrect cash flow analysis.
If the company has a lot of D&A, it helps to see if most of it tends to come from fixed assets. The account can include machinery, equipment, vehicles, buildings, land, office equipment, and furnishings, among other things.
If the company has a lot of D&A, it helps to see if most of it tends to come from Goodwill, that is an intangible asset that accounts for the excess purchase price of another company.
Return on equity (ROE) is the measure of a company's net income divided by its shareholders' equity and is a gauge of a corporation's profitability and how efficiently it generates those profits.
Return on invested capital (ROIC) is a calculation used to assess a company's efficiency in allocating capital to profitable investments. The formula for calculating ROIC involves dividing Net Income by the average of invested capital.
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