Palantir Technologies Inc. (PLTR)

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It provides Palantir Gotham integrates with other platforms for defense offerings which enables users to see, understand, and act in the modern battlespace; operations centers to the tactical edge; integrating data from domains and sensors in near real-time; and situational awareness and accelerating operational decision-making, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that helps organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform that provides unified access to open-source, self-hosted, and commercial large language models (LLMs) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company also has a strategic partnership with Ondas Inc. to develop and deploy AI-enabled operational capabilities to scale stratospheric, aerial, and land-based ISR missions. The company has a strategic collaboration with NVIDIA to deliver an intelligent engine for running NVIDIA AI and Nemotron open models in sovereign environments and with PwC to transform critical business operations and deliver measurable enterprise value. The company was incorporated in 2003 and is headquartered in Aventura, Florida.

Symbol
PLTR
Exchange
Nasdaq
Sector
Technology
Industry
Software - Infrastructure
Market cap
$459.24B
52 week range
106.37 - 207.52

Valuation

Share price
$190.04 (close of 2026-10-01)
P/E (TTM)
151.68x
Price to book
46.46x
Price to free cash flow
136.75x
Enterprise value
$457.42B
Book value per share
$4.11

Price performance

PeriodChange
1 day+1.60%
5 days-1.32%
1 month+5.62%
3 months+51.15%
6 months+29.73%
Year to date+6.91%
1 year+2.75%
3 years+1087.75%
5 years+681.09%
All time+1900.42%

Members of Congress who disclosed PLTR trades

Gilbert Ray Cisneros · Lisa McClain · Cleo Fields · Julie Johnson · Marjorie Taylor Greene · Robert Bresnahan · John Hickenlooper · Jonathan Jackson · Michael Rulli · Alan Armstrong · James Comer · Jefferson Shreve

And 2 others

Profitability and growth

Return on equity
21.70%
Return on invested capital
22.11%
Return on assets
18.26%
Return on capital employed
18.30%
Gross margin
82.37%
Net margin
36.31%
EBITDA margin
32.18%
Revenue growth
56.18%
Net income growth
251.59%
Free cash flow growth
84.06%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.73%
Current ratio
7.23x
Net debt to EBITDA
-0.68x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$4.48B
Cost of revenue
$789.18M
Gross profit
$3.69B
EBITDA
$1.44B
Net income
$1.63B
Earnings per share
$0.69
Research and development
$557.68M
Shares outstanding
2.37B

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$4.48B$3.69B$1.63B$0.69
2024-12-31$2.87B$2.30B$462.19M$0.21
2023-12-31$2.23B$1.79B$209.82M$0.10
2022-12-31$1.91B$1.50B-$373.70M$-0.18
2021-12-31$1.54B$1.20B-$520.38M$-0.27
2020-12-31$1.09B$740.13M-$1.17B$-1.19
2019-12-31$742.55M$500.18M-$579.65M$-1.02
2018-12-31$595.41M$430.01M-$580.03M$-1.11

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3182.37%36.31%21.70%22.11%
2024-12-3180.25%16.13%9.07%8.94%
2023-12-3180.62%9.43%5.89%3.39%
2022-12-3178.56%-19.61%-14.14%-54.96%
2021-12-3177.99%-33.75%-22.71%-157.83%
2020-12-3167.74%-106.75%-76.61%-
2019-12-3167.36%-78.06%29.27%-
2018-12-3172.22%-97.42%33.12%-

Cash and debt by year

Period endCashDebt
2025-12-31$1.42B-
2024-12-31$2.10B-
2023-12-31$831.05M-
2022-12-31$2.60B-
2021-12-31$2.29B-
2020-12-31$2.01B$197.98M
2019-12-31$1.08B$396.06M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.10B$684.03M
2024-12-31$1.14B$691.64M
2023-12-31$697.07M$475.90M
2022-12-31$183.71M$564.80M
2021-12-31$321.22M$778.22M
2020-12-31-$308.84M$1.27B
2019-12-31-$178.31M$241.97M
2018-12-31-$52.02M$248.50M

Investor relations

Next earnings report

Next confirmed report
2026-11-02
Consensus EPS estimate
$0.34

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026$0.28
2026-05-04--
2026-02-02--
2025-11-03--
2025-08-04--
2025-05-05--
2025-02-03--
2024-11-04--

Filings and sources

Company website
palantir.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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