Technology · Packaged Software

Palantir Technologies Inc.

NASDAQPLTR ISINUS69608A1088 SEC CIK0001321655 Listed on NASDAQ · USD

$169.65 -2.75 (-1.60%) Pre-market $170.00 (-1.39%) ≈ ₹15,922 a share

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Price, last 12 months-3.11% in a year

Key numbers

Market value: $408.77B
P/E (TTM): 118.9
Forward P/E: 94.7
EPS (TTM): $1.43
Dividend yield: —
Beta: 1.61
Day range: $168.25 – $171.59
52-week range: $106.37 – $212.94
Volume: 3,501,273
10-day avg volume: $30.64M
Revenue (TTM): $7.29B
EBITDA (TTM): $3.36B
Gross margin: 84.7%
Net margin: 50.6%
Return on equity: 41.2%
Debt / equity: —
Price / sales: 56.09
Shares out: 2.41B

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$608.35M$65.79M$93.39M

Dec 23

$634.34M$80.88M$105.53M

Mar 24

$678.13M$105.34M$134.13M

Jun 24

$725.52M$113.14M$143.53M

Sep 24

$827.52M$11.04M$79.01M

Dec 24

$883.86M$176.05M$214.03M

Mar 25

$1.00B$269.32M$326.73M

Jun 25

$1.18B$393.26M$475.60M

Sep 25

$1.41B$575.39M$608.68M

Dec 25

$1.63B$754.00M$870.53M

Mar 26

$1.94B$912.00M$1.06B

Jun 26

$2.31B$1.08B$1.13B

Sep 26

Revenue · QoQ (vs last quarter)

—+4.3%+6.9%+7.0%+14%+6.8%+14%+18%+19%+16%+19%+20%

Revenue · YoY (vs a year ago)

————+36%+39%+48%+63%+70%+85%+93%+96%

Net income · QoQ (vs last quarter)

—+13%+27%+7.0%-45%+171%+53%+46%+28%+43%+22%+6.2%

Net income · YoY (vs a year ago)

————-15%+103%+144%+231%+670%+307%+225%+137%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$608.35M	$634.34M	$678.13M	$725.52M	$827.52M	$883.86M	$1.00B	$1.18B	$1.41B	$1.63B	$1.94B	$2.31B
Cost of revenue	$108.64M	$116.26M	$128.56M	$146.64M	$174.53M	$172.97M	$192.93M	$207.31M	$215.97M	$215.80M	$296.87M	$383.29M
Gross profit	$499.71M	$518.08M	$549.57M	$578.88M	$652.99M	$710.89M	$810.76M	$973.79M	$1.19B	$1.42B	$1.64B	$1.93B
Gross margin	82.1%	81.7%	81.0%	79.8%	78.9%	80.4%	80.8%	82.4%	84.6%	86.8%	84.7%	83.4%
Research & development	$109.28M	$110.04M	$108.78M	$117.56M	$171.50M	$134.89M	$135.04M	$144.19M	$143.55M	$160.98M	$192.51M	$219.72M
Operating income	$65.79M	$80.88M	$105.34M	$113.14M	$11.04M	$176.05M	$269.32M	$393.26M	$575.39M	$754.00M	$912.00M	$1.08B
Operating margin	10.8%	12.8%	15.5%	15.6%	1.3%	19.9%	26.8%	33.3%	40.9%	46.2%	47.1%	46.9%
Interest expense	$136.00K	—	—	—	—	—	—	—	—	—	—	—
Pre-tax income	$106.25M	$110.73M	$140.76M	$157.15M	$80.54M	$223.32M	$332.17M	$480.50M	$621.38M	$888.60M	$1.08B	$1.15B
Income tax	$9.33M	$4.66M	$5.19M	$7.81M	$3.60M	$5.60M	$3.60M	$3.75M	$9.78M	$12.20M	$15.38M	$13.56M
Net income	$93.39M	$105.53M	$134.13M	$143.53M	$79.01M	$214.03M	$326.73M	$475.60M	$608.68M	$870.53M	$1.06B	$1.13B
Net margin	15.4%	16.6%	19.8%	19.8%	9.5%	24.2%	32.6%	40.3%	43.3%	53.3%	54.9%	48.8%
EPS (diluted)	—	$0.04	$0.06	$0.06	—	$0.08	$0.13	$0.18	—	$0.34	$0.41	$0.44

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$595.41M$430.01M$-580.03M

FY18

$742.56M$500.18M$-579.65M

FY19

$1.09B$740.13M$-1.17B

FY20

$1.54B$1.20B$-520.38M

FY21

$1.91B$1.50B$-373.71M

FY22

$2.23B$1.79B$209.83M

FY23

$2.87B$2.30B$462.19M

FY24

$4.48B$3.69B$1.63B

FY25

Revenue · YoY (vs a year ago)

—+25%+47%+41%+24%+17%+29%+56%

Net income · YoY (vs a year ago)

—+0.1%-101%+55%+28%+156%+120%+252%

RevenueGross profitNet incomeLine = trend

$-1.17

FY18

$-1.02

FY19

$-1.20

FY20

$-0.27

FY21

$-0.18

FY22

$0.09

FY23

$0.19

FY24

$0.63

FY25

EPS (diluted) · YoY (vs a year ago)

—+13%-18%+78%+33%+150%+111%+232%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$595.41M	$742.56M	$1.09B	$1.54B	$1.91B	$2.23B	$2.87B	$4.48B
Revenue growth	—	24.7%	47.2%	41.1%	23.6%	16.7%	28.8%	56.2%
Cost of revenue	$165.40M	$242.37M	$352.55M	$339.40M	$408.55M	$431.11M	$565.99M	$789.18M
Gross profit	$430.01M	$500.18M	$740.13M	$1.20B	$1.50B	$1.79B	$2.30B	$3.69B
Gross margin	72.2%	67.4%	67.7%	78.0%	78.6%	80.6%	80.2%	82.4%
Research & development	$285.45M	$305.56M	$560.66M	$387.49M	$359.68M	$404.62M	$507.88M	$557.68M
Operating income	$-623.44M	$-576.44M	$-1.17B	$-411.05M	$-161.20M	$119.97M	$310.40M	$1.41B
Operating margin	-104.7%	-77.6%	-107.4%	-26.7%	-8.5%	5.4%	10.8%	31.6%
Depreciation & amortisation	$13.91M	$12.26M	$13.87M	$14.90M	$22.52M	$33.35M	$31.59M	$26.15M
Interest expense	$3.44M	$3.06M	$14.14M	$3.64M	$4.06M	$3.47M	—	—
Pre-tax income	$-570.93M	$-567.27M	$-1.18B	$-488.49M	$-361.03M	$237.09M	$489.17M	$1.66B
Income tax	$9.10M	$12.38M	$-12.64M	$31.89M	$10.07M	$19.72M	$21.26M	$22.72M
Tax rate	—	—	—	—	—	8.3%	4.3%	1.4%
Net income	$-580.03M	$-579.65M	$-1.17B	$-520.38M	$-373.71M	$209.83M	$462.19M	$1.63B
Net margin	-97.4%	-78.1%	-106.7%	-33.7%	-19.6%	9.4%	16.1%	36.3%
EPS (diluted)	$-1.17	$-1.02	$-1.20	$-0.27	$-0.18	$0.09	$0.19	$0.63

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$-1.75B$1.12B

FY18

$-1.98B$396.07M$1.08B

FY19

$1.52B$197.98M$2.01B

FY20

$2.29B$0$2.52B

FY21

$2.57B$2.63B

FY22

$3.48B$3.67B

FY23

$5.00B$5.23B

FY24

$7.39B$7.18B

FY25

Shareholders' equity · YoY (vs a year ago)

—-13%+177%+50%+12%+35%+44%+48%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$1.12B	$1.08B	$2.01B	$2.29B	$2.60B	$831.05M	$2.10B	$1.42B
Short-term investments	—	—	—	$234.15M	$35.14M	$2.84B	$3.13B	$5.75B
Current assets	—	$1.21B	$2.26B	$2.86B	$3.04B	$4.14B	$5.93B	$8.36B
Total assets	—	$1.59B	$2.69B	$3.25B	$3.46B	$4.52B	$6.34B	$8.90B
Current liabilities	—	$728.60M	$603.82M	$660.06M	$587.94M	$746.02M	$996.02M	$1.18B
Long-term debt	—	$396.07M	$197.98M	$0	—	—	—	—
Total debt	—	$396.07M	$197.98M	$0	—	—	—	—
Total liabilities	—	$1.45B	$1.17B	$956.42M	$818.80M	$961.46M	$1.25B	$1.41B
Shareholders' equity	$-1.75B	$-1.98B	$1.52B	$2.29B	$2.57B	$3.48B	$5.00B	$7.39B
Current ratio	—	1.67	3.74	4.34	5.17	5.55	5.96	7.11
Debt / equity	—	—	0.13	0.00	—	—	—	—
Return on equity	—	—	-76.6%	-22.7%	-14.6%	6.0%	9.2%	22.0%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$-39.01M$-52.02M$7.71M

FY18

$-165.22M$-178.31M$11.20M

FY19

$-296.61M$-308.84M$3.78M

FY20

$333.85M$321.22M$0

FY21

$223.74M$183.71M$0

FY22

$712.18M$697.07M$0

FY23

$1.15B$1.14B$64.20M

FY24

$2.13B$2.10B$74.99M

FY25

Operating cash flow · YoY (vs a year ago)

—-323%-80%+213%-33%+218%+62%+85%

Free cash flow · YoY (vs a year ago)

—-243%-73%+204%-43%+279%+64%+84%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$-39.01M	$-165.22M	$-296.61M	$333.85M	$223.74M	$712.18M	$1.15B	$2.13B
Capital spending	$-13.00M	$-13.10M	$-12.24M	$-12.63M	$-40.03M	$-15.11M	$-12.63M	$-33.88M
Free cash flow	$-52.02M	$-178.31M	$-308.84M	$321.22M	$183.71M	$697.07M	$1.14B	$2.10B
FCF margin	-8.7%	-24.0%	-28.3%	20.8%	9.6%	31.3%	39.8%	46.9%
Stock-based pay	$248.50M	$241.97M	$1.27B	$778.22M	$564.80M	$475.90M	$691.64M	$684.03M
Cash from investing	$-6.78M	$-21.96M	$-14.92M	$-397.91M	$-45.43M	$-2.71B	$-340.66M	$-2.78B
Cash from financing	$46.15M	$324.53M	$1.04B	$306.75M	$86.00M	$218.84M	$463.36M	$-26.91M
Share buybacks	$-7.71M	$-11.20M	$-3.78M	$0	$0	$0	$-64.20M	$-74.99M

About

About Palantir Technologies Inc.

Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics software. Palantir is headquartered in Miami, Florida, and was founded in 2003 by Peter Thiel, Stephen Cohen, Joe Lonsdale, Alex Karp, and Nathan Gettings.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Palantir Technologies Inc.
Ticker: PLTR
Exchange: NASDAQ
ISIN: US69608A1088
SEC CIK: 0001321655
Sector: Technology
Industry: Packaged Software
SEC industry (SIC): Services-prepackaged Software (7372)
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 17 Feb 2026
CEO: Alexander C. Karp
Chair: Peter Thiel
Headquarters: Miami
Address: 19505 Biscayne Boulevard, Suite 2350, Aventura, Fl 33180
Founded: 2003
Employees: 4,429
Trades in: US dollars (USD)
Website: palantir.com

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Palantir Technologies Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

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