Anthropic turns profitable but could go back into losses: Seaport analyst

What happened: Seaport analyst Jay Goldberg said Anthropic (ANTH.PVT) has turned to operating profit but will likely return to losses as it shifts from leasing compute to buying its own. Key numbers: Operating profit of almost a billion dollars, first reached in Q1 2025. Goldberg said profitability may last the next quarter or two before losses resume. Why it matters: Goldberg said Anthropic's compute shift will raise costs and that its relationship with Amazon (AMZN) and Google (GOOG) (GOOGL) is circular, since Anthropic is both a large cloud customer and a potential competitor.

Seaport analyst Jay Goldberg said Anthropic (ANTH.PVT) has turned to operating profit but will likely return to losses as it shifts from leasing compute to buying its own.

Goldberg said Anthropic's compute shift will raise costs and that its relationship with Amazon (AMZN) and Google (GOOG) (GOOGL) is circular, since Anthropic is both a large cloud customer and a potential competitor.