Summary
Palantir Technologies Inc. reported strong financial results for the nine months ended September 30, 2025, demonstrating significant growth across key metrics. Revenue surged by 51% year-over-year to $3.1 billion, driven by robust performance in both government and commercial sectors, with commercial revenue experiencing a notable 51% increase. The company also showcased substantial improvements in profitability, with income from operations rising to $838.6 million, a nearly threefold increase from the previous year's $299.4 million. This operational efficiency is further highlighted by a significant expansion in adjusted income from operations (excluding stock-based compensation and related payroll taxes) to $1.5 billion from $755.5 million in the prior year. Furthermore, Palantir's balance sheet remains strong, with cash, cash equivalents, and marketable securities totaling $6.4 billion as of September 30, 2025. The company maintains a debt-free position, with no outstanding balances under its credit facility. The significant growth in revenue, coupled with improved operating leverage and a strong liquidity position, underscores Palantir's continued execution and strategic positioning in the data analytics and AI software market.
Financial Highlights
51 data points| Revenue | $1.18B |
| Cost of Revenue | $207.31M |
| Gross Profit | $973.78M |
| R&D Expenses | $144.19M |
| Operating Expenses | $580.53M |
| Operating Income | $393.26M |
| Net Income | $475.60M |
| EPS (Basic) | $0.20 |
| EPS (Diluted) | $0.18 |
| Shares Outstanding (Basic) | 2.38B |
| Shares Outstanding (Diluted) | 2.57B |
Key Highlights
- 1Revenue increased by 51% to $3.1 billion for the nine months ended September 30, 2025, compared to the same period in 2024.
- 2Income from operations more than doubled to $838.6 million for the nine months ended September 30, 2025, compared to $299.4 million in the prior year.
- 3Adjusted income from operations (non-GAAP) grew to $1.5 billion for the nine months ended September 30, 2025, from $755.5 million in the prior year, demonstrating significant operational leverage.
- 4Cash, cash equivalents, and marketable securities stood at $6.4 billion as of September 30, 2025, indicating a strong liquidity position.
- 5The company had 911 customers as of September 30, 2025, an increase from 629 customers as of September 30, 2024.
- 6Average revenue from the top twenty customers increased by 38% year-over-year, suggesting strong growth and deepening relationships with key clients.
- 7Gross margin remained strong at 81% for the nine months ended September 30, 2025, consistent with the prior year.