Anthropic PBC has told a small group of shareholders it expects to report adjusted operating profit this quarter, marking its second consecutive profitable quarter as it prepares for an IPO. The adjusted metric excludes special or one-time costs, including equity incentives. The Claude AI developer’s gross margin exceeds 80% when excluding revenue-sharing payments to partners such as Amazon and AI model training costs. Anthropic is preparing an initial public offering and aims to match or surpass SpaceX’s $86.3 billion fundraising record from earlier this year. The company has chosen Nasdaq for its listing.