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Palantir Technologies (PLTR)

Nasdaq Information Technology Application Software S&P 500Nasdaq-100
$160.38
+5.39 (+3.48%)
Close of Nov 06, 2026 · end-of-day data
Source: Palantir Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$595.41M$742.55M$1.09B$1.54B$1.91B$2.23B$2.87B$4.48B
Cost of revenue$165.40M$242.37M$352.55M$339.40M$408.55M$431.11M$565.99M$789.18M
Gross profit$430.01M$500.18M$740.13M$1.20B$1.50B$1.79B$2.30B$3.69B
Research & development$285.45M$305.56M$560.66M$387.49M$359.68M$404.62M$507.88M$557.68M
Operating income-$623.44M-$576.44M-$1.17B-$411.05M-$161.20M$119.97M$310.40M$1.41B
Interest expense$3.44M$3.06M$14.14M$3.64M$4.06M$3.47M——
Pre-tax income-$570.92M-$567.27M-$1.18B-$488.49M-$361.03M$237.09M$489.17M$1.66B
Income tax$9.10M$12.38M-$12.64M$31.89M$10.07M$19.72M$21.25M$22.72M
Net income-$580.03M-$579.65M-$1.17B-$520.38M-$373.70M$209.82M$462.19M$1.63B
EBITDA-$609.53M-$564.19M-$1.16B-$396.15M-$138.68M$153.32M$341.99M$1.44B
EPS (basic)$-1.11$-1.02$-1.19$-0.27$-0.18$0.10$0.21$0.69
EPS (diluted)$-1.17$-1.02$-1.20$-0.27$-0.18$0.09$0.19$0.63
Diluted shares544.01M576.96M979.33M1.92B2.06B2.30B2.45B2.57B
Gross margin72.2%67.4%67.7%78.0%78.6%80.6%80.2%82.4%
Operating margin-104.7%-77.6%-107.4%-26.7%-8.5%5.4%10.8%31.6%
Net margin-97.4%-78.1%-106.7%-33.7%-19.6%9.4%16.1%36.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.12B$1.08B$2.01B$2.29B$2.60B$831.05M$2.10B$1.42B
Short-term investments———$234.15M$35.13M$2.84B$3.13B$5.75B
Receivables—$50.31M$156.93M$190.92M$258.35M$364.78M$575.05M$1.04B
Total current assets—$1.21B$2.26B$2.86B$3.04B$4.14B$5.93B$8.36B
Goodwill———$1.87M$37.94M———
Total assets—$1.59B$2.69B$3.25B$3.46B$4.52B$6.34B$8.90B
Total current liabilities—$728.60M$603.82M$660.06M$587.94M$746.02M$996.02M$1.18B
Long-term debt—$396.06M$197.98M$0————
Total debt—$396.06M$197.98M$0————
Total liabilities—$1.45B$1.17B$956.42M$818.80M$961.46M$1.25B$1.41B
Shareholders' equity-$1.75B-$1.98B$1.52B$2.29B$2.57B$3.48B$5.00B$7.39B

Cash flow

fiscal years · USD
Fiscal yearFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$39.01M-$165.22M-$296.61M$333.85M$223.74M$712.18M$1.15B$2.13B
Capital expenditures$13.00M$13.10M$12.24M$12.63M$40.03M$15.11M$12.63M$33.88M
Free cash flow-$52.02M-$178.31M-$308.84M$321.22M$183.71M$697.07M$1.14B$2.10B
Investing cash flow-$6.78M-$21.96M-$14.92M-$397.91M-$45.43M-$2.71B-$340.65M-$2.78B
Financing cash flow$46.15M$324.53M$1.04B$306.75M$86.00M$218.84M$463.36M-$26.91M
Share buybacks$7.71M$11.20M$3.78M$0$0$0$64.20M$74.98M
Stock-based compensation$248.50M$241.97M$1.27B$778.22M$564.80M$475.90M$691.64M$684.03M
Depreciation & amortization$13.91M$12.26M$13.87M$14.90M$22.52M$33.35M$31.59M$26.14M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.