COVERAGE / PLTR / Technology

Palantir Technologies Inc.

Services-Prepackaged Software

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$4.48bn

Prior / $2.87bn

Change / +56.18%

SOURCE / 2026-02-17

Operating income

$1.41bn

Prior / $0.31bn

Change / +355.54%

SOURCE / 2026-02-17

Net income

$1.63bn

Prior / $0.46bn

Change / +251.59%

SOURCE / 2026-02-17

Diluted EPS

$0.63

Prior / $0.19

Change / +231.58%

SOURCE / 2026-02-17

Free cash flow

$2.1bn

Prior / $1.14bn

Change / +84.06%

SOURCE / 2026-02-17

Gross margin

82.37%

Prior / 80.25%

Change / +2.12 pp

SOURCE / 2026-02-17

Operating margin

31.59%

Prior / 10.83%

Change / +20.76 pp

SOURCE / 2026-02-17

Return on avg. equity

26.23%

Prior / 10.90%

Change / +15.33 pp

SOURCE / 2026-02-17

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4475446000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 1625033000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3686269000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 1414015000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 0.63,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 2134473000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 33882000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 8900392000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 1412381000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 7387268000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 8358174000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 1175581000,
    "accn": "0001321655-26-000011",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-17",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$4.48bn	$1.63bn	$2.1bn	$0.63
2024-12-31	$2.87bn	$0.46bn	$1.14bn	$0.19
2023-12-31	$2.23bn	$0.21bn	$0.7bn	$0.09
2022-12-31	$1.91bn	$-0.37bn	$0.18bn	$-0.18

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	279.75x	Unavailable	47.78x	16
P/S	Unavailable	Unavailable	12.58x	14
P/B	Unavailable	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 176.24,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

Palantir Technologies Inc. is an SEC-reporting issuer listed on NASDAQ under PLTR. Its SEC industry description is Services-Prepackaged Software. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-17PERIOD / 2025-12-31

PLTR filed this 10-K on 2026-02-17 for the reported period 2025-12-31. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0122PLTRCompany Research

PLTR: reading the FY2025 financial structure ↗

Palantir Technologies Inc.

Research abstract

Annual revenue of USD 4.475 billion and net income of USD 1.625 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-17
SEC annual filing · 2024-12-31 ↗Source date 2026-02-17
SEC annual filing · 2023-12-31 ↗Source date 2026-02-17
SEC annual filing · 2022-12-31 ↗Source date 2025-02-18
SEC issuer record ↗Source date 2026-09-18