Palantir Technologies Inc.PLTR
Palantir Technologies Inc. Financial Overview 2021–2025
Palantir delivered a staggering 56% revenue growth in FY2025, shattering the narrative that its data platforms are limited to niche government contracts. This performance confirms the company has successfully transitioned from an unprofitable integration firm into a scalable software juggernaut, where commercial adoption is now accelerating faster than its foundational public sector business. The financial trajectory is undeniable: total revenue tripled from $1.5 billion in FY2021 to $4.5 billion by the end of FY2025.
Operational leverage has materialized aggressively alongside this top-line expansion. The company generated $1.4 billion in operating income for FY2025, a massive leap from $310.4 million in FY2024, supported by a fortress-like 82% gross margin. Cash generation followed suit, with operating cash flow hitting $2.1 billion. Demand is broadening rapidly as the customer roster swelled to 954 organizations, and total remaining deal value climbed to $11.2 billion. Critically, the private sector is now the primary growth accelerator: commercial revenue surged 60%, outpacing the impressive 53% expansion in government sales. The market has rewarded this pivotal shift, with shares trading at $177.75 at the close of FY2025, signaling immense investor confidence in its AI-driven trajectory.
Recent Developments (Q3 and Q4 2025)
Momentum accelerated through the first three quarters, with revenue for the nine months ended September 30, 2025, reaching $3.1 billion, a 51% increase over the prior year period. This trajectory was supported by rapidly improving profitability, as operating income for the same nine-month timeframe nearly tripled to $838.6 million. Management highlighted significant liquidity to support the Artificial Intelligence Platform (AIP) rollout, reporting $6.4 billion in cash and securities exiting Q3 2025. A critical driver of this expansion was deepening engagement with large enterprises; average revenue from the top twenty customers climbed to $93.9 million by year-end, validated by a 38% growth rate in this metric reported earlier in the year.
Bulls emphasize the expanding wallet share among marquee clients as proof that AIP is becoming mission-critical software. Bears caution that the valuation remains disconnected from fundamentals, noting the stock traded at a 700.1x price-to-earnings ratio at a price of $133.02 on February 16, 2026.
What to watch: Retention rates for AIP pilot customers; average revenue per top-twenty client.
Rev
$2.87B
FY2024
NI
$462.2M
FY2024
EPS
$0.21
FY2024
OCF
$1.15B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
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.
Palantir Technologies Inc. 8-K Report, Shareholder Vote Results (Jun 9, 2025)
Palantir Technologies Inc. (PLTR) filed an 8-K on June 8, 2025, reporting on its 2025 Annual Meeting of Stockholders held on June 5, 2025. The key outcomes of the meeting were the election of directors and the ratification of the company's independent registered public accounting firm. Investors should note that all director nominees were elected, indicating continued shareholder confidence in the current leadership. Additionally, the appointment of Ernst & Young as the independent auditor for fiscal year 2025 was overwhelmingly ratified, suggesting a smooth and accepted governance process regarding financial oversight. While the voting details primarily concern the procedural aspects of the annual meeting, the broad support for director nominees and auditor ratification are positive indicators for governance and stability. The filing provides specific voting tallies, including those considering the differentiated voting power of Class A, Class B, and Class F common stock, offering transparency into shareholder sentiment on these crucial matters.
Palantir Technologies Inc. 8-K Report, Financial Results (May 5, 2025)
Palantir Technologies Inc. (PLTR) has filed an 8-K report on May 5, 2025, detailing its financial results for the fiscal quarter ended March 31, 2025. The report primarily references a press release (Exhibit 99.1) and an investor presentation, both made available on the same day. Investors should note that while these documents provide insights into the company's performance and outlook, the information furnished under Item 2.02 is not considered "filed" for regulatory purposes, meaning it doesn't carry the same legal implications as formally filed documents. The filing also indicates the release of a letter from the CEO and a new investor presentation, suggesting management is actively communicating with shareholders about the company's progress and strategic direction. Investors are encouraged to review these supplementary materials to gain a comprehensive understanding of Palantir's financial condition and operational achievements for the period.
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