As of April 2026, the value of Claude used internally by Anthropic was higher than its monthly personnel costs (excluding equity incentives), calculated based on the list prices for external customers. This disclosure appeared in the IPO prospectus submitted by the company on October 26, 2026; however, this comparison did not reveal the actual computational power costs behind such usage.
Key Points
- The internal use value of Claude increased by more than 250 times from January to September 2026.
- By September 2026, Claude had generated over 90% of the new software code for Anthropic.
- The comparison of personnel costs does not include employee equity incentives.
Anthropic How to measure the value of using Claude internally
Anthropic calculates the value of Claude for internal use based on the list price, which is also the rate charged to external customers. According to this 335-page prospectus, as of April 2026, this valuation has exceeded the monthly employee salaries.
The personnel costs include salaries, bonuses, benefits, and contributions, but do not include equity incentives. The document states that the value created for internal use increased by more than 250 times between January and September 2026.
Claude wrote most of the new code and also helped to develop its subsequent versions.
By September 2026, Claude had contributed to over 90% of the new code added to Anthropic software. The prospectus also describes the role this model will play in the development of future versions, Claude.
Anthropic indicates that using Claude internally can improve team productivity and help to refine subsequent models. Therefore, the company's reliance on this tool is not limited to daily programming but also extends to the research and development work of subsequent versions of Claude.
The company has approximately 5,300 employees. According to the prospectus, the revenue growth per employee is faster than the growth in the number of employees.
Customer spending and a valuation of $38 billion
The prospectus of Anthropic shows that over 11,900 customers have an annual expenditure of more than $100,000. Among them, approximately 1,900 customers spend over $1 million per year, and around 250 customers spend over $10 million per year.
After completing a round of financing of $30 billion in February 2026, the company's valuation was approximately $380 billion. These figures correspond to the descriptions in the documents regarding the rapid expansion of AI and the considerable scale of customer spending.
The computing power costs behind this comparison have not yet been disclosed.
This IPO prospectus does not disclose the actual computing power costs used internally by Claude, nor does it provide a specific dollar amount for this usage valuation in April 2026.
Therefore, Anthropic measures the internal presentation of Claude based on customer pricing, while employee cost indicators include salaries, bonuses, benefits, and contributions. The disclosure threshold is that the valuation calculated at list price exceeds the monthly personnel expenses, and employee equity is not included in this calculation.
This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.
Francesco Antonio Russo
Web is a 3.0 entrepreneur with over 4 years of experience, focusing on cryptocurrencies and artificial intelligence. He utilizes cross-disciplinary skills to manage social media in a functional and trend-oriented manner.
