Palantir Technologies Inc.PLTR
Palantir Technologies Inc. Financial Overview 2021–2025
Updated Jul 10, 2026Palantir Technologies accelerated its top line by 85% year-over-year in Q1 2026, silencing early doubts about the commercial scalability of its highly customized software. This data integration specialist has successfully transitioned from a specialized government contractor into an enterprise artificial intelligence powerhouse capable of expanding profit margins and stockpiling liquidity, holding $8.0 billion in cash and marketable securities by Q1 2026.
The company’s growth trajectory highlights significant operating leverage, with annual revenue surging from $1.54 billion in FY2021 to $4.5 billion in FY2025. As its Artificial Intelligence Platform gained traction across both public and private sectors, Palantir's underlying profitability transformed. The company wiped out a $520.4 million net loss in FY2021 to deliver a $1.4 billion operating profit by FY2025. Gross margins similarly expanded from 78% to 82% over that same period, before hitting 87% in Q1 2026.
Investors have aggressively priced in this combination of top-line acceleration and margin expansion. At the close of FY2025, the market valued the company at a $425.0 billion market capitalization. The stock traded at $177.75 per share, commanding a towering 282.1x price-to-earnings multiple that reflects immense expectations for continued commercial adoption.
Recent Developments (Q4 2025 and Q1 2026)
Palantir's commercial segment is rapidly outpacing its public sector counterpart, climbing 95% year-over-year in Q1 2026 to $774.2 million, alongside government revenue growth of 76% to $858.4 million. Client expansion underscores this momentum, with total customers rising to 954 by the end of FY 2025 and driving total remaining deal value to $11.2 billion. Operations generated $899 million in net cash during the first quarter.
In June 2026, shareholders re-elected CEO Alexander Karp and rejected proposals for independent human rights and political spending assessments. Bulls argue the rapid commercial adoption and massive project backlog justify a premium multiple. Bears warn the stock remains intensely expensive, trading at 215.7x earnings at $135.91 per share as of the May 5, 2026 reporting date, leaving zero room for execution missteps.
What to watch: commercial segment growth momentum; conversion rates of the remaining deal value into recognized revenue.
Rev
$4.48B
FY2025
NI
$1.63B
FY2025
EPS
$0.69
FY2025
OCF
$2.13B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
Palantir Technologies Inc. 8-K Report, Shareholder Vote Results (Jun 9, 2026)
This 8-K filing from Palantir Technologies Inc. reports the results of its 2026 Annual Meeting of Stockholders held on June 3, 2026. The primary focus for investors is the overwhelming approval of key corporate matters, including the election of all director nominees and the ratification of Ernst & Young as the independent registered public accounting firm for fiscal year 2026. Additionally, stockholders provided advisory approval for the compensation of named executive officers. Notably, the company's management proposals received strong support, indicating continued confidence from its shareholder base in the current leadership and financial oversight. Conversely, several stockholder-initiated proposals concerning due diligence, human rights, and political spending disclosures did not achieve majority approval, suggesting a preference for the company's current approach or a lack of consensus among shareholders on these specific issues.
Palantir Technologies Inc. 8-K Report, Financial Results (May 4, 2026)
Palantir Technologies Inc. (PLTR) filed an 8-K on May 4, 2026, primarily to report its first-quarter 2026 financial results and related materials. The press release announcing these results, attached as Exhibit 99.1, provides investors with key performance indicators for the period ending March 31, 2026. While the filing itself doesn't contain detailed financial statements, it directs investors to the press release for these crucial updates. Additionally, the Company disclosed that it also posted an investor presentation and a letter from its CEO on its investor relations website, further elaborating on its performance and outlook. Investors should refer to these attached and linked materials for a comprehensive understanding of Palantir's latest financial condition and operational performance.
Palantir Technologies Inc. 8-K Report, Financial Results (Feb 2, 2026)
Palantir Technologies Inc. (PLTR) has filed a Form 8-K on February 2, 2026, to announce its financial results for the fourth quarter and fiscal year ended December 31, 2025. The filing primarily references a press release (Exhibit 99.1) containing these results, making it the key source of detailed financial information for investors. Additionally, the company has updated its investor relations website with a new investor presentation and a letter from the CEO, which are intended to provide further context and insights into the company's performance and strategic outlook. While the 8-K itself does not contain the specific financial figures, investors should refer to the attached press release and the supplemental materials on the company's website for a comprehensive understanding of Palantir's performance. These documents are crucial for evaluating the company's recent financial health, operational achievements, and future guidance. Investors should pay close attention to revenue growth, profitability metrics, and any forward-looking statements or strategic updates provided in these materials.
Palantir Technologies Inc. 8-K Report, Financial Results (Nov 3, 2025)
Palantir Technologies Inc. (PLTR) has filed an 8-K report on November 3, 2025, primarily announcing its financial results for the fiscal quarter ended September 30, 2025. While the full details of the financial performance are contained within the press release furnished as Exhibit 99.1, this filing serves as the official notification to the market. In addition to the financial results, the Company also disclosed on November 3, 2025, that it has posted a new investor presentation and a letter from its CEO on its investor relations website. These materials likely provide further context and strategic outlook beyond the quarterly earnings, offering investors deeper insights into Palantir's performance and future direction. Investors are encouraged to review the attached press release and the supplementary materials for a comprehensive understanding of the Company's recent performance and strategic initiatives.
Palantir Technologies Inc. 8-K Report, Financial Results (Aug 4, 2025)
Palantir Technologies Inc. (PLTR) has filed a Form 8-K on August 4, 2025, to announce its financial results for the fiscal quarter ended June 30, 2025. While the full financial details are within the attached press release (Exhibit 99.1), the filing itself primarily serves as a notification mechanism under Item 2.02 and Regulation FD. Beyond the standard financial results disclosure, the Company also posted a new investor presentation and a letter from its CEO on its investor relations website on the same day. Investors should review these supplementary materials for a deeper understanding of Palantir's performance, strategic outlook, and forward-looking statements beyond the preliminary financial data presented in the press release.
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