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Comment by Manuel_D | Hacker News Reader

This wasn't hidden in the footnotes of the S1. It was quite clearly explained on page 3, under "Select Defined Terms": https://www.sec.gov/Archives/edgar/data/2130357/000162828026...

> “Run-Rate Revenue” is an operating metric that refers to the estimated annualized value of our revenue-generating activity as of a measurement date, calculated as the sum of (i) our consumption-based fees during the trailing 28-day period ended on the measurement date, multiplied by 13, and (ii) our aggregate monthly subscription fees as of the measurement date, multiplied by 12. For purposes of calculating Run-Rate Revenue, consumption-based fees and subscription-based fees are derived from customer usage and active subscriptions.

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I was referring to their schedule of obligations aka all the money they’ve promised to pay other people for compute.

> annualized revenue

> trailing 28 days multiplied by 13

I’m not aware of a year that has 13 months of 28 days? Why would you ever calculate it this way?

28 days is 4 weeks, so you don't get fewer or more weekend days arbitrarily. Used very commonly in some industries for financial reporting and also dashboards for software engineers.

What industries use 13 months of 28 days for financial reporting?

It’s very common in grocery stores. Kroger for instance reports this way.

If day of the week is important you get more consistent results this way.

Because Anthropic is a grocery store.

You don’t think day of the week matters for Anthropic’s usage numbers?

I don’t have a particular point of view on this but the people acting like this is weird or some big deal have clearly never spent much time with financial filings. There are much weirder scheduling things than this. Some companies split their reporting quarters up in unbalanced ways for instance.

Because their revenue is weekly cyclical.

If they make, say, 10x more on weekdays than weekends, using a 30 day month with two extra weekdays overestimates annual revenue since it translates to a year with 264 weekdays as opposed to 260.

That's about a 1.5% increase.

28*13=364. Months are different sizes so month*12 would be an over-estimate

The year has 52 weeks. 28 days is 4 weeks. 13*4=52

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