Palantir Technologies Inc.
Business
Palantir Technologies builds software platforms that integrate data, decisions, and operations at scale for government and commercial customers. The company offers four principal platforms: Gotham for defense and intelligence operations, Foundry for data operations and analytics, Apollo for continuous delivery, and AIP for AI integration with large language models. Palantir serves government agencies and enterprises across industries globally, deriving a majority of revenue from government with a growing commercial customer base.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 4,475 | 2,866 | 2,225 | 1,906 | 1,542 | |
| Cost of revenue | 789 | 566 | 431 | 409 | 339 | |
| Gross profit | 3,686 | 2,300 | 1,794 | 1,497 | 1,202 | |
| Sales and marketing | 1,057 | 888 | 745 | 703 | 615 | |
| Research and development | 558 | 508 | 405 | 360 | 387 | |
| General and administrative | 658 | 593 | 524 | 596 | 612 | |
| Total operating expenses | 2,272 | 1,989 | 1,674 | 1,659 | 1,614 | |
| Income from operations | 1,414 | 310 | 120 | −161 | −411 | |
| Interest income | −229 | −197 | −133 | 20 | 2 | |
| Other income (expense), net | 14 | −18 | −15 | −220 | −75 | |
| Income before provision for income taxes | 1,657 | 489 | 237 | −361 | −488 | |
| Provision for income taxes | 23 | 21 | 20 | 10 | 32 | |
| Net income | 1,635 | 468 | 217 | −371 | −520 | |
| Less: Net income attributable to noncontrolling interests | 10 | 6 | 8 | 3 | 0 | |
| Net income attributable to common stockholders | 1,625 | 462 | 210 | −374 | −520 | |
| Earnings per share attributable to common stockholders, basic | 0.69 | 0.21 | 0.1 | −0.18 | −0.27 | |
| Earnings per share attributable to common stockholders, diluted | 0.63 | 0.19 | 0.09 | −0.18 | −0.27 | |
| Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, basic | 2,370 | 2,250 | 2,147 | 2,064 | 1,924 | |
| Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, diluted | 2,565 | 2,451 | 2,298 | 2,064 | 1,924 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,424 | 2,099 | 831 | 2,599 | 2,291 | |
| Marketable securities | 5,753 | 3,131 | 2,843 | 35 | 234 | |
| Accounts receivable, net | 1,000 | 600 | 365 | 258 | 191 | |
| Prepaid expenses and other current assets | 139 | 129 | 100 | 150 | 111 | |
| Total current assets | 8,358 | 5,934 | 4,139 | 3,042 | 2,863 | |
| Property and equipment, net | 52 | 40 | 48 | 69 | 31 | |
| Operating lease right-of-use assets | 200 | 201 | 183 | 200 | 217 | |
| Other assets | 290 | 166 | 153 | 150 | 96 | |
| Total assets | 8,900 | 6,341 | 4,522 | 3,461 | 3,247 | |
| Accounts payable | 8 | 103,000 | 12 | 45 | 75 | |
| Accrued liabilities | 356 | 427 | 223 | 173 | 156 | |
| Deferred revenue | 409 | 260 | 247 | 183 | 228 | |
| Customer deposits | 357 | 265 | 210 | 142 | 162 | |
| Operating lease liabilities | 46 | 44 | 54 | 45 | 40 | |
| Total current liabilities | 1,176 | 996 | 746 | 588 | 660 | |
| Deferred revenue, noncurrent | 46 | 40 | 28 | 10 | 40 | |
| Customer deposits, noncurrent | 18,000 | 2 | 1 | 4 | 34 | |
| Operating lease liabilities, noncurrent | 183 | 195 | 175 | 204 | 220 | |
| Other noncurrent liabilities | 7 | 14 | 11 | 13 | 2 | |
| Total liabilities | 1,412 | 1,246 | 961 | 819 | 956 | |
| Commitments and Contingencies (Note 8) | — | — | — | — | — | |
| Common Stock, $0.001 par value | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 10,933 | 10,194 | 9,122 | 8,428 | 7,777 | |
| Accumulated other comprehensive income (loss), net | 14 | −6 | 801,000 | −5 | −2 | |
| Accumulated deficit | −3,562 | −5,187 | −5,650 | −5,859 | −5,486 | |
| Total Palantir's stockholders equity | 7,387 | 5,003 | 3,476 | 2,565 | 2,291 | |
| Noncontrolling interests | 101 | 91 | 85 | 77 | 0 | |
| Total equity | 7,488 | 5,094 | 3,561 | 2,642 | 2,291 | |
| Total liabilities and equity | 8,900 | 6,341 | 4,522 | 3,461 | 3,247 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 26 | 32 | 33 | 23 | 15 | |
| Stock-based compensation | 684 | 692 | 476 | 565 | 778 | |
| Unrealized and realized (gain) loss from marketable securities, net | 21 | 19 | 13 | 272 | 73 | |
| Noncash consideration | −37 | −53 | −47 | −16 | 0 | |
| Other operating activities | 16 | 66 | 13 | −28 | 3 | |
| Accounts receivable, net | −450 | −211 | −106 | −73 | −35 | |
| Prepaid expenses and other assets | 52 | 12 | −3 | −25 | −11 | |
| Accounts payable and accrued liabilities | 5 | 97 | 21 | — | — | |
| Contract liabilities | 239 | 77 | 144 | −49 | −105 | |
| Other liabilities | −55 | −44 | −50 | — | — | |
| Net cash provided by operating activities | 2,134 | 1,154 | 712 | 224 | 334 | |
| Purchases of property and equipment | −34 | −13 | −15 | −40 | −13 | |
| Purchases of marketable securities | −7,702 | −5,396 | −5,636 | −125 | −308 | |
| Proceeds from sales and redemption of marketable securities | 5,026 | 5,074 | 2,889 | 52 | 851,000 | |
| Purchases of privately-held securities | −73 | −6 | 0 | 0 | −23 | |
| Other investing activities | −1 | 0 | 51 | 67 | −4 | |
| Net cash used in investing activities | −2,784 | −341 | −2,711 | −45 | −398 | |
| Proceeds from the exercise of common stock options | 129 | 745 | 218 | 86 | 507 | |
| Repurchases of common stock | 75 | 64 | 0 | 0 | 0 | |
| Taxes paid related to net share settlement of equity awards | −81 | −218 | 0 | 0 | — | |
| Other financing activities | 85,000 | 444,000 | 601,000 | −93,000 | −708,000 | |
| Net cash provided by (used in) financing activities | −27 | 463 | 219 | 86 | 307 | |
| Effect of foreign exchange on cash, cash equivalents, and restricted cash | 7 | −7 | 3 | −4 | −4 | |
| Net cash provided by (used in) financing activities | −669 | 1,270 | −1,777 | 260 | 239 | |
| Accrued taxes related to net share settlement of equity awards | 0 | 84 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-01-14 · 19 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $245.28M | 100.0% |
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Frequently asked questions
What is Palantir Technologies Inc.'s CIK number?
Palantir Technologies Inc.'s SEC CIK number is 0001321655 (1321655). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Palantir Technologies Inc.'s SEC filings?
All of Palantir Technologies Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Palantir Technologies Inc. last report earnings?
Palantir Technologies Inc. (PLTR) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001321655-26-000026). This is Palantir Technologies Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Palantir Technologies Inc.'s most recent earnings 8-K?
Palantir Technologies Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001321655-26-000026. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Palantir Technologies Inc.'s latest earnings 8-K →
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