Anthropic’s charitable stock-matching program racks up over $660 million in expenses

Key Summary

Anthropic, a responsible AI developer, has disclosed a non-cash expense of over $660 million from October 2025 to March 2026, primarily from its charitable stock-matching program. The program matches employee charitable stock donations, with a 3:1 match on up to 50% of grants for employees hired before 2025 and a 1:1 match on up to 25% for those hired in 2025 or later. The expense accounts for approximately 10% of total employee expenses and 2% of operating costs. This non-cash expense is excluded from Anthropic's adjusted profit metrics, but its liquidity could increase, potentially leading to billions of dollars in charitable expenses.