Palantir
PLTR Nasdaq· Application Software
Last close · Oct 26, 2026
$198.84
KIRA · Stoqly’s AI analyst, in plain words
- Palantir had $4.5B of revenue in fiscal 2025, up 56.2% on the year before. Over five years, revenue changed +32.6% a year on average.
- Its operating margin was 31.6%, up 20.8 pts: of every 100 in sales, about 32 is left after running the business.
- Palantir made $1.6B of net profit in fiscal 2025.
- Free cash flow was $2.1B in fiscal 2025, 46.9% of revenue.
- Palantir returned $75.0M to shareholders in fiscal 2025, 4% of free cash flow. The diluted share count rose 4.7%.
- Palantir has $7.2B more cash than debt.
Market cap
$510.8B
P/E
171.4x
Revenue
$4.5B
Net income
$1.6B
Free cash flow
$2.1B
Operating margin
31.6%
Palantir in 30 seconds · fiscal 2025
Are sales growing?
+56.2%
Yes. Sales grew 56.2% last year.
Does it make a profit?
36.3%
Yes. It keeps 36.3% of every sale as profit.
Does profit turn into cash?
46.9%
Yes. 46.9% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
171.4x
One share costs 171.4 times its yearly profit per share. Typical for its sector: 33.0x.
What Palantir does
Palantir makes software that helps large organizations pull their data together and use it to run day-to-day operations and make decisions. It sells four main platforms: Gotham, used by defense and intelligence agencies; Foundry, a data system that all of its commercial customers use; Apollo, which delivers and updates software in the cloud, on a customer's own servers or in remote field sites; and AIP, which connects large language models (the technology behind AI chatbots) to a customer's data and workflows. Palantir reports two segments. Of its $4.5 billion in revenue in 2025, 54% came from government customers and 46% from commercial ones, and most of it came from the United States. Palantir says it competes with large enterprise software companies, government contractors and system integrators. The company was founded in 2003 to build software for US intelligence agencies and later began selling to businesses. It had 954 customers at the end of 2025.
Biggest risks, in its own words
- Its heavy reliance on government contracts, which governments can end at will or leave unfunded.
- Long, costly and unpredictable sales cycles, and the need to keep expanding with existing customers.
- Failing to keep up with new technology such as AI, or harm from how AI is used in its platforms.
- Damage to its reputation from news and social media scrutiny of Palantir or its leaders.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Legal name
- Palantir Technologies Inc.
- CIK
- 0001321655
Palantir · PLTR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.5B | $1.9B | $2.2B | $2.9B | $4.5B |
| Revenue growth | 41.1% | 23.6% | 16.8% | 28.8% | 56.2% |
| Gross margin | 78.0% | 78.6% | 80.6% | 80.3% | 82.4% |
| Operating margin | −26.7% | −8.5% | 5.4% | 10.8% | 31.6% |
| Net income | −$520M | −$374M | $210M | $462M | $1.6B |
| Net margin | −33.8% | −19.6% | 9.4% | 16.1% | 36.3% |
| Diluted EPS | −$0.27 | −$0.18 | $0.09 | $0.19 | $0.63 |
| Cash | |||||
| Cash from operations | $334M | $224M | $712M | $1.2B | $2.1B |
| Capital expenditure | $12.6M | $40.0M | $15.1M | $12.6M | $33.9M |
| Free cash flow | $321M | $184M | $697M | $1.1B | $2.1B |
| FCF margin | 20.8% | 9.6% | 31.3% | 39.8% | 46.9% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $64.2M | $75.0M |
| Share count change | 96.4% | 7.3% | 11.3% | 6.7% | 4.7% |
| Debt and strength | |||||
| Cash and short-term investments | $2.5B | $2.6B | $3.7B | $5.2B | $7.2B |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $2.3B | $2.6B | $3.5B | $5.0B | $7.4B |
| Net debt / EBITDA | — | — | −24.0x | −15.3x | −5.0x |
| Current ratio | 4.3x | 5.2x | 5.6x | 6.0x | 7.1x |
| Interest coverage | −112.9x | −39.7x | 34.6x | — | — |
| Returns and quality | |||||
| Return on equity | −27.3% | −15.4% | 7.0% | 10.9% | 26.2% |
| Piotroski F-score | 6 | 6 | 7 | 5 | 7 |
| Altman Z'' | 0.6 | 2.2 | 4.9 | 7.1 | 10.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$877M
10 insiders
Of sales under plans
76%
$667M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Palantir · PLTR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Palantir PLTR | $510.8B | 56.2% | 31.6% | 46.9% | — | 171.4x | 7 |
| Adobe ADBE | $102.3B | 10.5% | 36.6% | 41.5% | 65.9% | 14.4x | 7 |
| Microsoft MSFT | $3.97T | 17.8% | 46.8% | 20.2% | 30.9% | — | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $198.84 a share, the company is worth $510.8B: 171.4 times its earnings of the last four quarters.
Palantir grew sales faster than 2 of its 2 similar companies. Its P/E is higher than 1 of 1.
Source: SEC EDGAR XBRL filings (CIK 0001321655). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.