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Wednesday, 30 September 2026
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IPO filing: Anthropic routed 47% of its sales, or ~$2.16B

IPO filing: Anthropic routed 47% of its sales, or ~$2.16B, in 2025 through cloud partners Amazon and Google; analysis: it paid ~$351M back in distribution fees

TL;DRAnthropic paid Amazon and Google $351M in fees to sell $2.16B through them in 2025.

Why it matters: Heavy reliance on two cloud giants for distribution creates pricing leverage risk and limits Anthropic's independence.

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