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Palantir Technologies Inc. (PLTR)
CIK 1321655 · fiscal year ends 12/31 · SIC 7372 Services-Prepackaged Software · numbers from SEC XBRL, no AI on this page
✓ A verified AI earnings note is available for PLTR.
Key metrics
| Metric | FY2024 Q4 2024-12-31 | FY2025 Q1 2025-03-31 | FY2025 Q2 2025-06-30 | FY2025 Q3 2025-09-30 | FY2025 Q4 2025-12-31 | FY2026 Q1 2026-03-31 | FY2026 Q2 2026-06-30 | FY2026 Q3 2026-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $827.5Mᵈ | $883.9M | $1.00B | $1.18B | $1.41Bᵈ | $1.63B | $1.94B | $2.31B |
| Gross profit | $653.0Mᵈ | $710.9M | $810.8M | $973.8M | $1.19Bᵈ | $1.42B | $1.64B | $1.93B |
| Operating income | $11.0Mᵈ | $176.0M | $269.3M | $393.3M | $575.4Mᵈ | $754.0M | $912.0M | $1.08B |
| Net income | $79.0Mᵈ | $214.0M | $326.7M | $475.6M | $608.7Mᵈ | $870.5M | $1.06B | $1.13B |
| Diluted EPS | — | $0.08 | $0.13 | $0.18 | — | $0.34 | $0.41 | $0.44 |
| Operating cash flow | $460.3Mᵈ | $310.3M | $539.3Mᵈ | $507.7Mᵈ | $777.3Mᵈ | $899.2M | $1.22Bᵈ | $1.20Bᵈ |
| Capital expenditures | $3.1Mᵈ | $6.2M | $7.6Mᵈ | $6.8Mᵈ | $13.3Mᵈ | $7.4M | $14.6Mᵈ | $8.0Mᵈ |
| Free cash flow (OCF − capex) | $457.2Mᵈ | $304.1Mᵈ | $531.6Mᵈ | $500.9Mᵈ | $764.0Mᵈ | $891.8Mᵈ | $1.20Bᵈ | $1.20Bᵈ |
| R&D expense | $171.5Mᵈ | $134.9M | $135.0M | $144.2M | $143.6Mᵈ | $161.0M | $192.5M | $219.7M |
| Sales & marketing expense | $288.3Mᵈ | $236.3M | $243.8M | $274.6M | $302.1Mᵈ | $319.2M | $339.5M | $396.7M |
| Stock-based compensation | $281.8Mᵈ | $155.3M | $160.0Mᵈ | $172.3Mᵈ | $196.4Mᵈ | $201.6M | $265.2Mᵈ | $318.9Mᵈ |
| Deferred revenue | $566.4M | $587.5M | $685.9M | $730.4M | $800.0Mʳ | $929.0M | $1.10B | $1.20B |
| Remaining performance obligations | $1.70B | $1.90B | $2.40B | $2.60B | $4.10B | $4.50B | $4.90B | $4.90B |
ᵈ derived (Q4 = full year − 9-month YTD; cash-flow quarters from year-to-date totals) · ʳ restated: latest filed value shown · ᵖ current portion only. Hover a number for its XBRL concept.
Growth
| Metric | FY2024 Q4 | FY2025 Q1 | FY2025 Q2 | FY2025 Q3 | FY2025 Q4 | FY2026 Q1 | FY2026 Q2 | FY2026 Q3 |
|---|---|---|---|---|---|---|---|---|
| Revenue YOY | +36.0% | +39.3% | +48.0% | +62.8% | +70.0% | +84.7% | +92.8% | +95.9% |
| Revenue QOQ | +14.1% | +6.8% | +13.6% | +17.7% | +19.1% | +16.0% | +18.6% | +19.5% |
| Gross profit YOY | +30.7% | +37.2% | +47.5% | +68.2% | +82.4% | +99.3% | +102.1% | +98.2% |
| Gross profit QOQ | +12.8% | +8.9% | +14.0% | +20.1% | +22.3% | +19.0% | +15.7% | +17.8% |
| Operating income YOY | -83.2% | +117.7% | +155.7% | +247.6% | +5110.5% | +328.3% | +238.6% | +175.9% |
| Operating income QOQ | -90.2% | +1494.2% | +53.0% | +46.0% | +46.3% | +31.0% | +21.0% | +19.0% |
| Net income YOY | -15.4% | +102.8% | +143.6% | +231.4% | +670.4% | +306.7% | +225.0% | +137.2% |
| Net income QOQ | -45.0% | +170.9% | +52.7% | +45.6% | +28.0% | +43.0% | +22.0% | +6.2% |
| Diluted EPS YOY | — | +100.0% | +116.7% | +200.0% | — | +325.0% | +215.4% | +144.4% |
| Diluted EPS QOQ | — | — | +62.5% | +38.5% | — | — | +20.6% | +7.3% |
| Operating cash flow YOY | +52.8% | +139.4% | +274.0% | +20.9% | +68.9% | +189.8% | +125.5% | +137.3% |
| Operating cash flow QOQ | +9.7% | -32.6% | +73.8% | -5.9% | +53.1% | +15.7% | +35.3% | -1.0% |
| Free cash flow (OCF − capex) YOY | +54.3% | +139.6% | +276.2% | +20.5% | +67.1% | +193.3% | +126.0% | +138.9% |
| Free cash flow (OCF − capex) QOQ | +10.0% | -33.5% | +74.8% | -5.8% | +52.5% | +16.7% | +34.7% | -0.4% |
| Deferred revenue YOY | +16.5% | +23.1% | +32.6% | +18.7% | +41.2% | +58.1% | +60.4% | +64.3% |
| Deferred revenue QOQ | -7.9% | +3.7% | +16.7% | +6.5% | +9.5% | +16.1% | +18.4% | +9.1% |
| Remaining performance obligations YOY | +41.7% | +46.2% | +71.4% | +62.5% | +141.2% | +136.8% | +104.2% | +88.5% |
| Remaining performance obligations QOQ | +6.2% | +11.8% | +26.3% | +8.3% | +57.7% | +9.8% | +8.9% | +0.0% |
Margins
| Margin | FY2024 Q4 | FY2025 Q1 | FY2025 Q2 | FY2025 Q3 | FY2025 Q4 | FY2026 Q1 | FY2026 Q2 | FY2026 Q3 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 78.9% | 80.4% | 80.8% | 82.4% | 84.6% | 86.8% | 84.7% | 83.4% |
| Operating margin | 1.3% | 19.9% | 26.8% | 33.3% | 40.9% | 46.2% | 47.1% | 46.9% |
| Net margin | 9.5% | 24.2% | 32.6% | 40.3% | 43.3% | 53.3% | 54.9% | 48.8% |
| FCF margin | 55.3% | 34.4% | 53.0% | 42.4% | 54.3% | 54.6% | 62.1% | 51.7% |
| R&D % of revenue | 20.7% | 15.3% | 13.5% | 12.2% | 10.2% | 9.9% | 9.9% | 9.5% |
| S&M % of revenue | 34.8% | 26.7% | 24.3% | 23.3% | 21.5% | 19.6% | 17.5% | 17.1% |
| SBC % of revenue | 34.1% | 17.6% | 15.9% | 14.6% | 14.0% | 12.3% | 13.7% | 13.8% |
Source filings
| Quarter | Calendar | Period end | Form | Filed | Filing | Earnings 8-K |
|---|---|---|---|---|---|---|
| FY2026 Q3 | CY2026 Q3 | 2026-09-30 | 10-Q | 2026-11-03 | open | open |
| FY2026 Q2 | CY2026 Q2 | 2026-06-30 | 10-Q | 2026-08-04 | open | open |
| FY2026 Q1 | CY2026 Q1 | 2026-03-31 | 10-Q | 2026-05-05 | open | open |
| FY2025 Q4 | CY2025 Q4 | 2025-12-31 | 10-K | 2026-02-17 | open | open |
| FY2025 Q3 | CY2025 Q3 | 2025-09-30 | 10-Q | 2025-11-04 | open | open |
| FY2025 Q2 | CY2025 Q2 | 2025-06-30 | 10-Q | 2025-08-05 | open | open |
| FY2025 Q1 | CY2025 Q1 | 2025-03-31 | 10-Q | 2025-05-06 | open | open |
| FY2024 Q4 | CY2024 Q4 | 2024-12-31 | 10-K | 2025-02-18 | open | open |