01—Abstract
Summary
Summary of the 10-Q filed August 5, 2025. Cited figures are marked; the original filing is the authoritative source.
Palantir Technologies Inc. reported a strong second quarter for 2025, demonstrating robust growth and improving financial performance.
Revenue surged by 48% year-over-year to $1.004 billiona for the three months ended June 30, 2025, driven by significant increases in both government and commercial segments. The company's profitability also saw substantial improvement, with income from operations reaching $269.3 million, a significant jump from $105.3 million in the prior year's quarter. This growth was accompanied by an increase in the number of customers to 849, up from 593 in the prior year.
The company maintains a strong liquidity position with $6.0 billionb in cash, cash equivalents, and short-term U.S. Treasury securities as of June 30, 2025. Key operational highlights include strong revenue growth from both government (up 49%) and commercial (up 47%) sectors. The company also repurchased $18.6 million of its Class A common stock under its share repurchase program, indicating a commitment to returning value to shareholders.
Palantir's strategic focus on expanding its Artificial Intelligence Platform (AIP) offerings continues to drive customer adoption and revenue growth. The company's forward-looking statements suggest continued investment in growth, with a positive outlook on liquidity and operational capabilities.
02—Key points
Key Highlights
- Revenue increased by 48% year-over-year to $1.004 billion for the three months ended June 30, 2025.
- Income from operations significantly improved to $269.3 million from $105.3 million in the prior year's quarter.
- Customer base grew to 849, an increase from 593 in the prior year period.
- Government revenue increased by 49% and commercial revenue increased by 47% year-over-year for the quarter.
- Strong liquidity position with $6.0 billion in cash, cash equivalents, and short-term U.S. Treasury securities as of June 30, 2025.
- The company repurchased $18.6 million of its Class A common stock during the quarter.
- Continued investment in research and development, with R&D expenses increasing by 24% year-over-year for the quarter.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2025, Palantir Technologies Inc. kept $0.33.
- Revenue$1.00B100.0%
- Cost of revenue−$192.9M19.2%
- Gross profit$810.8M80.8%
- Operating costs−$541.4M53.9%
- Operating income$269.3M26.8%
- Interest, other & tax$57.4M5.7%
- Net income$326.7M32.6%
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2025filed August 5, 2025Financial Statements
Q2 FY2025 against Q2 FY2024
| Line item | Q2 FY2025Q2 FY2024 | Change |
|---|---|---|
| Revenue | $1.00B$678.13M | +48.0% |
| Cost of Revenue | $192.93M$128.56M | +50.1% |
| Gross Profit | $810.76M$549.57M | +47.5% |
| R&D Expenses | $135.04M$108.78M | +24.1% |
| Operating Expenses | $541.45M$444.23M | +21.9% |
| Operating Income | $269.32M$105.34M | +155.7% |
| Net Income | $326.73M$134.13M | +143.6% |
| EPS (Basic) | $0.14$0.06 | +133.3% |
| EPS (Diluted) | $0.13$0.06 | +116.7% |
| Shares Outstanding (Basic) | 2.37B2.23B | +6.0% |
| Shares Outstanding (Diluted) | 2.56B2.41B | +6.1% |
05—Questions
Frequently Asked Questions
What was Palantir's revenue performance in the second quarter of 2025?
Palantir Technologies Inc. reported revenue of $1.004 billion for the three months ended June 30, 2025, representing a 48% increase compared to $678.1 million in the same period of 2024. This growth was driven by strong performance in both government and commercial segments.
How did Palantir's profitability evolve in Q2 2025?
The company demonstrated significant improvement in profitability. Income from operations rose to $269.3 million for the three months ended June 30, 2025, a substantial increase from $105.3 million in the prior year's quarter. This reflects effective cost management and strong revenue growth.
What is the company's current liquidity position?
As of June 30, 2025, Palantir Technologies Inc. maintained a strong liquidity position with $6.0 billion in cash, cash equivalents, and short-term U.S. Treasury securities. The company stated it believes it has sufficient liquidity to meet its operating requirements for at least the next twelve months and thereafter for the foreseeable future.
How is Palantir managing its capital through share repurchases?
During the three months ended June 30, 2025, Palantir repurchased approximately 164,011 shares of its Class A common stock for an aggregate amount of $18.6 million under its $1.0 billion share repurchase program. As of June 30, 2025, approximately $899.2 million remained available for future repurchases.
06—Continue