Palantir PLTR
Public, NASDAQ, reports in USD. Founded 2003.
Theme: Software.
Enterprise software + consulting.
2025-08-01 — Growing Mature
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.5bn USD | 56.4 % | 82.4 % | 12.5 % | 1.4bn USD | 31.5 % | 1.6bn USD | 0.69 | 87.8 | |
| 2024 | 2.9bn USD | 28.8 % | 80.2 % | 17.7 % | 310m USD | 10.8 % | 462m USD | 0.19 | 39.6 | |
| 2023 | 2.2bn USD | 16.7 % | 80.6 % | 18.2 % | 120m USD | 5.4 % | 210m USD | 0.09 | 22.1 | |
| 2022 | 1.9bn USD | – | 78.6 % | 18.9 % | -161m USD | -8.5 % | -374m USD | -0.18 | – | |
| 2026-Q2 | 1.9bn USD | 92.8 % | 84.7 % | 9.9 % | 912m USD | 47.1 % | 1.1bn USD | 0.41 | 140.0 | |
| 2026-Q1 | 1.6bn USD | – | 86.8 % | 9.9 % | 754m USD | 46.2 % | 871m USD | 0.34 | – | |
| 2025-Q4 | 1.4bn USD | – | 84.6 % | 10.2 % | 575m USD | 40.9 % | 609m USD | 0.24 | – | |
| 2025-Q3 | 1.2bn USD | – | 82.4 % | 12.2 % | 393m USD | 33.3 % | 476m USD | 0.18 | – | |
| 2025-Q2 | 1.0bn USD | – | 80.8 % | 13.5 % | 269m USD | 26.8 % | 327m USD | 0.13 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 1.9bn USD | 1.0bn USD | +932m (+93 %) |
| Op. margin | 47.1 % | 26.8 % | +20.3 pts |
| FCF | 1.2bn USD | 532m USD | +670m (+126 %) |
| Op. income | 912m USD | ||
| Net income | 1.1bn USD | ||
| EPS (diluted) | 0.41 | 214.9 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.1bn USD | 34m USD | 2.1bn USD | 46.9 % | 130.9 % | 1.4bn USD | 1.2bn USD | – | -676m USD |
| 2024 | 1.2bn USD | 13m USD | 1.1bn USD | 39.8 % | 249.8 % | 297m USD | 245m USD | – | 1.3bn USD |
| 2023 | 712m USD | 15m USD | 697m USD | 31.3 % | 339.4 % | 110m USD | 134m USD | 697m USD | -1.8bn USD |
| 2022 | 224m USD | 40m USD | 184m USD | 9.6 % | – | – | – | 184m USD | 264m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 174.60 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 419.6bn USD | 2026-09-15 | |
| 52w high | 207.52 USD | 2026-09-15 | |
| 52w low | 106.37 USD | 2026-09-15 | |
| Off 52w high % | -15.9 % | ||
| P/S | 93.7 | ||
| Lifetime CAGR | 6.6 % |
Notes
- 2025-08-01 opinion Growing Mature