FirmAtlas
Company handbook · PLTR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
PLTR · CIK 1321655 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
Palantir Technologies Inc.
$186.03
−14.47 (−7.22%)
Close, Oct 16, 2026 · 52-week $106–213
Last fiscal year
Palantir Technologies Inc. reported revenue of $4.5B for the year ended Dec 31, 2025 (FY25), up 56.2% from FY24. Net income was $1.6B, operating cash flow $2.1B and free cash flow $2.1B. Source: 10-K filed Feb 17, 2026.
Market cap
$444.8B
P/E
147.5
EV/EBITDA
303.9x
P/B
45.5
ROIC
763.8%
Revenue 1Y
56.2%/yr
EPS 1Y
231.6%/yr
Shares 1Y
+2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAlexander C. Karp
HQAventura, FL
AuditorErnst & Young LLP
Employees4,429
Year endsDecember
Revenue by segment · FY25
Government54%
Commercial46%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
—
50.6%
120.5%
4.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$186M deployed
Capex
$47M
25.0%
Buybacks
$139M
75.0%
Operating cash flow over the period: $3.3B. Total debt changed by $0M. R&D of $1.1B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (3-for-1 split after FY19).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
2,866
4,475+56.2%
6,156
YoY
+56.2%
Gross profit
2,300
3,686+60.3%
5,220
Gross margin
80.2%
82.4%+2.1 pp
—
Operating income
310
1,414+355.5%
2,635
Operating margin
10.8%
31.6%+20.8 pp
—
EBITDA
342
1,440+321.1%
—
EBITDA margin
11.9%
32.2%+20.2 pp
—
Net income
462
1,625+251.6%
3,017
YoY
+251.6%
Net margin
16.1%
36.3%+20.2 pp
—
EPS (diluted, $)
0.19
0.63+231.6%
1.18
YoY
+231.6%
Balance sheet
Total assets
6,341
8,900+40.4%
11,679
Cash & short-term investments
5,251
7,205+37.2%
—
Accounts receivable
575
1,042+81.2%
—
Net PP&E
40
52+31.1%
—
Other assets
475
602+26.7%
—
Total liabilities
1,338
1,513+13.1%
1,904
Accounts payable
0.1
8+7729.1%
—
Other liabilities
1,338
1,505+12.5%
—
Shareholders’ equity
5,003
7,387+47.6%
9,774
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,154
2,134+85.0%
3,400
Net income
468
1,635+249.3%
—
Depreciation & amortization
32
26−17.2%
—
Stock-based compensation
692
684−1.1%
—
Working capital & other
(37)
(210)n/m
—
Cash from investing
(341)
(2,784)n/m
—
Capex
(13)
(34)n/m
—
Investments bought
(5,396)
(7,702)n/m
—
Investments sold / matured
5,074
5,026−0.9%
—
Other investing
(6)
(74)n/m
—
Cash from financing
463
(27)−105.8%
—
Buybacks
(64)
(75)n/m
—
Shares issued
745
129−82.7%
—
Other financing
(218)
(81)n/m
—
Net change in cash
1,270
(669)−152.6%
—
Free cash flow (OCF − capex)
1,141
2,101+84.1%
3,358
Where the cash went
Operating cash flow
1,154
2,134+85.0%
3,400
Reinvested in the business
13
34+168.2%
—
% of operating cash flow
1.1%
1.6%
Capex
13
34+168.2%
42
R&D (memo, already in costs)
508
558+9.8%
—
Free cash flow
1,141
2,101+84.1%
3,358
YoY
+84.1%
Returned to shareholders
64
75+16.8%
—
% of free cash flow
5.6%
3.6%
Buybacks
64
75+16.8%
—
FCF conversion (FCF ÷ net income)
246.9%
129.3%−117.7 pp
—
Owner earnings
—
1,158
—
Owner earnings margin
—
25.9%
—
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,181
1,407
1,633
1,935
vs year-ago quarter
Gross profit
974
1,191
1,417
1,639
Gross margin
82.4%
84.6%
86.8%
84.7%
Operating income
393
575
754
912
Net income
476
609
871
1,062
vs year-ago quarter
Net margin
40.3%
43.3%
53.3%
54.9%
EPS (diluted, $)
0.18
0.25
0.34
0.41
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
8,114
8,900
10,199
11,679
Cash & equivalents
1,645
7,205
2,325
2,063
Shareholders’ equity
6,590
7,387
8,450
9,774
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
508
777
899
1,216
Capex
7
13
7
15
Free cash flow
501
764
892
1,202
vs year-ago quarter