Price
Revenue (FY2025)
$4.48B
Revenue growth
56.2%
Gross margin
82.4%
Operating margin
31.6%
Net margin
36.3%
Free cash flow
$2.10B
Website
palantir.com
SEC EDGAR
All filings →
Financials
Annual · FY2025 · source: SEC EDGAR · split-adjusted
Revenue
Net income
Free cash flow
EPS
| Income statement | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.48B | $2.87B | $2.23B | $1.91B | $1.54B | $1.09B |
| Cost of revenue | $789.2M | $566.0M | $431.1M | $408.5M | $339.4M | $352.5M |
| Gross profit | $3.69B | $2.30B | $1.79B | $1.50B | $1.20B | $740.1M |
| Gross margin | 82.4% | 80.2% | 80.6% | 78.6% | 78.0% | 67.7% |
| R&D | $557.7M | $507.9M | $404.6M | $359.7M | $387.5M | $560.7M |
| Operating income | $1.41B | $310.4M | $120.0M | -$161.2M | -$411.0M | -$1.17B |
| Operating margin | 31.6% | 10.8% | 5.4% | -8.5% | -26.7% | -107.4% |
| Pretax income | $1.66B | $489.2M | $237.1M | -$361.0M | -$488.5M | -$1.18B |
| Income tax | $22.7M | $21.3M | $19.7M | $10.1M | $31.9M | -$12.6M |
| Net income | $1.63B | $462.2M | $209.8M | -$373.7M | -$520.4M | -$1.17B |
| Net margin | 36.3% | 16.1% | 9.4% | -19.6% | -33.7% | -106.7% |
| EPS (diluted) | $0.63 | $0.19 | $0.09 | $-0.18 | $-0.27 | $-0.60 |
| EPS (basic) | $0.69 | $0.21 | $0.10 | $-0.18 | $-0.27 | $-0.59 |
| Shares (diluted) | 2.57B | 2.45B | 2.30B | 2.06B | 1.92B | 1.96B |
| Shares (basic) | 2.37B | 2.25B | 2.15B | 2.06B | 1.92B | 1.96B |
| Balance sheet | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Total assets | $8.90B | $6.34B | $4.52B | $3.46B | $3.25B | $2.69B |
| Cash & equivalents | $1.42B | $2.10B | $831.0M | $2.60B | $2.29B | $2.01B |
| Total liabilities | $1.41B | $1.25B | $961.5M | $818.8M | $956.4M | $1.17B |
| Stockholders' equity | $7.39B | $5.00B | $3.48B | $2.57B | $2.29B | $1.52B |
| Cash flow | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $2.13B | $1.15B | $712.2M | $223.7M | $333.9M | -$296.6M |
| Capital expenditure | $33.9M | $12.6M | $15.1M | $40.0M | $12.6M | $12.2M |
| Free cash flow | $2.10B | $1.14B | $697.1M | $183.7M | $321.2M | -$308.8M |
Ratios & metrics
source: SEC EDGAR · quarterly on a trailing-twelve-month basis
| Profitability | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gross margin | 82.4% | 80.2% | 80.6% | 78.6% | 78.0% | 67.7% |
| Operating margin | 31.6% | 10.8% | 5.4% | -8.5% | -26.7% | -107.4% |
| EBITDA margin | 32.2% | 11.9% | 6.9% | -7.3% | -25.7% | -106.1% |
| Net margin | 36.3% | 16.1% | 9.4% | -19.6% | -33.7% | -106.7% |
| Returns | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Return on equity | 22.0% | 9.2% | 6.0% | -14.6% | -22.7% | -76.6% |
| Return on assets | 18.3% | 7.3% | 4.6% | -10.8% | -16.0% | -43.4% |
| Return on invested capital | — | — | — | — | -122998.8% | 399.3% |
| Return on capital employed | 18.3% | 5.8% | 3.2% | -5.6% | -15.9% | -56.2% |
| Liquidity | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Current ratio | 7.11 | 5.96 | 5.55 | 5.17 | 4.34 | 3.74 |
| Cash ratio | 1.21 | 2.11 | 1.11 | 4.42 | 3.47 | 3.33 |
| Working capital | $7.18B | $4.94B | $3.39B | $2.45B | $2.20B | $1.65B |
| Leverage | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Debt to equity | — | — | — | — | 0.00 | 0.13 |
| Debt to assets | — | — | — | — | 0.00 | 0.07 |
| Net debt | — | — | — | — | -$2.29B | -$1.81B |
| Net debt / EBITDA | — | — | — | — | 5.78 | 1.56 |
| Interest coverage | — | — | 34.6× | -39.7× | -112.9× | -83.0× |
| Financial leverage | 1.20 | 1.27 | 1.30 | 1.35 | 1.42 | 1.77 |
| Efficiency | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Asset turnover | 0.50 | 0.45 | 0.49 | 0.55 | 0.47 | 0.41 |
| Receivables turnover | 4.29 | 4.98 | 6.10 | 7.38 | 8.08 | 6.96 |
| Days sales outstanding | 85 days | 73 days | 60 days | 49 days | 45 days | 52 days |
| Days payables outstanding | 4 days | 0 days | 10 days | 40 days | 81 days | 17 days |
| Cash flow | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Free cash flow | $2.10B | $1.14B | $697.1M | $183.7M | $321.2M | -$308.8M |
| Free cash flow margin | 46.9% | 39.8% | 31.3% | 9.6% | 20.8% | -28.3% |
| Income quality (CFO / net income) | 1.31 | 2.50 | 3.39 | -0.60 | -0.64 | 0.25 |
| Capex to revenue | 0.8% | 0.4% | 0.7% | 2.1% | 0.8% | 1.1% |
| Per share | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue per share | $1.89 | $1.27 | $1.04 | $0.92 | $0.80 | $0.56 |
| Book value per share | $3.12 | $2.22 | $1.62 | $1.24 | $1.19 | $0.78 |
| Cash per share | $0.60 | $0.93 | $0.39 | $1.26 | $1.19 | $1.03 |
| Free cash flow per share | $0.89 | $0.51 | $0.32 | $0.09 | $0.17 | $-0.16 |
| Growth | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue growth (YoY) | 56.2% | 28.8% | 16.7% | 23.6% | 41.1% | — |
| Net income growth (YoY) | 251.6% | 120.3% | 156.1% | 28.2% | 55.4% | — |
| EPS growth (YoY) | 228.6% | 110.0% | 155.6% | 33.3% | 77.3% | — |
What does Palantir Technologies Inc. do?
Visit website →
Palantir builds software platforms that help organizations integrate their data, decisions, and operations at scale. Founded in 2003 for U.S. intelligence and counterterrorism work, the company now serves both government and commercial customers. Its four main platforms are Gotham (used for defense and intelligence operations), Foundry (a data operations system for analytics and workflows), Apollo (a continuous delivery platform for managing infrastructure), and AIP (a generative AI platform that connects large language models to organizational data). The Palantir Ontology, a systematic mapping of data to meaningful context, underpins all platforms. In 2025, Palantir generated $4.5 billion in revenue, with 54% from government customers and 46% from commercial customers.
Insider transactions · PLTR
| Date | Insider | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jul 2, 2026 | Sankar Shyam | See Remarks | Conversion | 35,000 | — | — |
| Jul 2, 2026 | Sankar Shyam | See Remarks | Sell | 35,000 | $130.00 | $5M |
| Jul 2, 2026 | Sankar Shyam | See Remarks | Sell | 150,000 | $130.00 | $20M |
| Jul 2, 2026 | Sankar Shyam | See Remarks | Conversion | 35,000 | — | — |
| Jun 15, 2026 | Moore Alexander D. | Director | Sell | 900 | $130.48 | $117,430 |
| Jun 15, 2026 | Moore Alexander D. | Director | Sell | 3,600 | $131.54 | $473,559 |
| Jun 15, 2026 | Moore Alexander D. | Director | Sell | 500 | $132.55 | $66,274 |
| Jun 15, 2026 | Moore Alexander D. | Director | Sell | 4,000 | $133.81 | $535,258 |
| Jun 15, 2026 | Moore Alexander D. | Director | Sell | 7,000 | $134.44 | $941,083 |
| Jun 11, 2026 | Buckley Jeffrey | See Remarks | Sell | 1,481 | $128.80 | $190,753 |
| Jun 4, 2026 | Woersching Eric H. | Director | Grant | 2,118 | — | — |
| Jun 4, 2026 | Stat Lauren Elaina Friedman | Director | Grant | 2,118 | — | — |
| Jun 4, 2026 | Moore Alexander D. | Director | Grant | 2,118 | — | — |
| Jun 4, 2026 | Schiff Alexandra W. | Director | Grant | 2,118 | — | — |
| Jun 1, 2026 | Stat Lauren Elaina Friedman | Director | Sell | 1,598 | $160.00 | $255,680 |
See every insider trade on PLTR — unlock with MLQ Pro →
Source: SEC Form 4. Grants, gifts and option exercises show no market value.
Institutional ownership · PLTR
298 institutional holders · $1.4B · 13F, Jun 2026
| Holder | Shares | Value |
|---|---|---|
| Assenagon Asset Management S.A. | 1,491,567 | $174M |
| Hyperion Asset Management Ltd | 1,111,480 | $130M |
| Unicom Systems, Inc. | 838,992 | $98M |
| Cardano Risk Management B.V. | 686,694 | $80M |
| Czech National Bank | 653,550 | $76M |
| Salem Investment Counselors Inc | 552,123 | $64M |
| Congress Asset Management Co | 512,991 | $60M |
| Atwood & Palmer Inc | 436,259 | $51M |
| Pensiondanmark Pensionsforsikringsaktieselskab | 417,348 | $49M |
| Qrg Capital Management, Inc. | 386,796 | $45M |
| Global X Japan Co., Ltd. | 376,244 | $44M |
| Defender Capital, Llc. | 309,687 | $36M |
| Wedmont Private Capital | 263,251 | $33M |
| Sentinel Trust Co Lba | 276,741 | $32M |
| Aegon Asset Management Uk Plc | 211,038 | $25M |
| Ttrf Capital Ltd | 171,300 | $20M |
| B. Riley Wealth Advisors, Inc. | 159,459 | $18M |
| Ffg Partners, Llc | 141,650 | $17M |
| Canvas Wealth Advisors, Llc | 132,211 | $15M |
| Cwa Asset Management Group, Llc | 120,456 | $14M |
See all 298 institutional holders — unlock with MLQ Pro →
Source: SEC Form 13F (latest reported quarter; managers file up to 45 days after quarter-end).
More metrics
Income statement
Balance sheet
Returns
Liquidity
Leverage & solvency
Efficiency
Per share & growth
MLQ.ai research for PLTR
All research →
Palantir Q1 FY2026: Triple-Digit U.S. Growth and the Largest Guidance Raise in Company History
Palantir's first quarter of 2026 produced 85% revenue growth — the highest growth rate since its direct listing — driven by 104% U.S. expansion, a 60% adjusted operating margin, a…
MLQ.ai Research
Premium
Read →
The Defense Stack Rebuild: AI, Missiles, and Space at Full Speed
Palantir, Lockheed Martin, RTX, and Rocket Lab collectively describe a defense modernization playing out simultaneously at three layers -- AI at the command layer, record munition…
MLQ.ai Research
LMTRTXRKLB
Premium
Read →
SEC filings 91 total · EDGAR
91 filings on file — see every 10-K, 10-Q, 8-K and proxy. Unlock with MLQ Pro →
Contacts at Palantir Technologies Inc.
palantir.com
🔒
Contacts are a premium feature
Upgrade to MLQ.ai premium to search verified business contacts at Palantir Technologies Inc. by department, seniority, and role.
Upgrade to premium