Palantir Technologies Inc.

Listed Company

PLTRCIK 0001321655NasdaqLarge AcceleratedServices-Prepackaged SoftwareFY ends Dec 31

Period

FY 2025

Revenue

$4.48B

Net Income

$1.63B

Total Assets

$8.90B

Equity

$7.39B

Shares Out

2.39B

Op. Cash Flow

$2.13B

+ 13F Filer

Business

Palantir Technologies Inc. builds software that enables organizations to integrate their data, decisions, and operations at scale to support critical decision-making. It offers four principal platforms—Gotham, Foundry, Apollo, and the Palantir Artificial Intelligence Platform (AIP)—that provide analytics, data integration, continuous deployment, and AI/LLM capabilities to operationalize enterprise and government workflows. Palantir serves government and commercial customers through sector and industry operating systems and targeted account strategies. Its platforms are deployed globally across roughly 90 industries and distributed via direct sales, cloud and channel partnerships, joint ventures, and pilots such as AIP bootcamps.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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Holdings (13F)

Portfolio as of 2026-01-14 · 19 positions

Reported AUM

$245.28M

Holdings

Top sector

$245.28M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$245.28M	100.0%

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