Palantir Technologies Inc.
Palantir Technologies Inc.
Palantir Technologies Inc. (PLTR) — SEC Financial Statements & Analysis
Palantir Technologies Inc. (PLTR) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 2,292 | 1,424 | 1,616 | 930 | 993 | 2,099 | 769 | 513 | 520 | 831 | 1,040 | 1,056 | |||||
Marketable Securities Current | 5,735 | 5,753 | 4,822 | 5,071 | 4,437 | 3,131 | 3,796 | 3,486 | 3,348 | 2,843 | 2,243 | 2,047 | |||||
Accounts Receivable Net Current | 1,406 | 1,042 | 1,006 | 747 | 725 | 575 | 668 | 659 | 487 | 365 | 430 | 376 | |||||
Prepaid Expense And Other Assets Current | 120 | 139 | 142 | 142 | 127 | 129 | 119 | 116 | 81 | 100 | 96 | 98 | |||||
Assets Current | 9,552 | 8,358 | 7,586 | 6,890 | 6,283 | 5,934 | 5,352 | 4,774 | 4,436 | 4,139 | 3,809 | 3,577 | |||||
Property Plant And Equipment Net | 56 | 52 | 46 | 44 | 40 | 40 | 40 | 43 | 47 | 48 | 50 | 54 | |||||
Operating Lease Right Of Use Asset | 229 | 200 | 204 | 203 | 209 | 201 | 212 | 213 | 174 | 183 | 190 | 200 | |||||
Other Assets Noncurrent | 363 | 290 | 278 | 228 | 205 | 166 | 164 | 161 | 150 | 153 | 144 | 150 | |||||
Assets | 10,199 | 8,900 | 8,114 | 7,366 | 6,737 | 6,341 | 5,768 | 5,192 | 4,807 | 4,522 | 4,193 | 3,980 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 69 | 8 | 68 | 11 | 2 | 0 | 27 | 67 | 36 | 12 | 9 | 5 | |||||
Accrued Liabilities Current | - | 356 | 382 | 394 | 371 | 427 | 265 | 195 | 206 | 223 | 175 | 185 | |||||
Accounts Payable And Accrued Liabilities Current | 496 | - | - | - | - | - | - | - | - | - | - | - | |||||
Deferred Revenue Current | 517 | 409 | 317 | 377 | 319 | 260 | 237 | 278 | 237 | 247 | 224 | 260 | |||||
Operating Lease Liability Current | - | 46 | 46 | 45 | 44 | 44 | 48 | 44 | 54 | 54 | 52 | 52 | |||||
Liabilities Current | 1,383 | 1,176 | 1,180 | 1,090 | 967 | 996 | 943 | 807 | 751 | 746 | 689 | 685 | |||||
Deferred Revenue Noncurrent | 41 | 46 | 44 | 45 | 36 | 40 | 8 | 16 | 21 | 28 | 35 | 50 | |||||
Operating Lease Liability Noncurrent | 212 | 183 | 189 | 192 | 200 | 195 | 207 | 214 | 163 | 175 | 184 | 194 | |||||
Other Liabilities Noncurrent | 6 | 7 | 11 | 12 | 12 | 14 | 14 | 16 | 10 | 11 | 11 | 12 | |||||
Liabilities | 1,643 | 1,412 | 1,426 | 1,340 | 1,218 | 1,246 | 1,177 | 1,054 | 946 | 961 | 922 | 945 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Additional Paid In Capital | 11,139 | 10,933 | 10,748 | 10,568 | 10,398 | 10,194 | 9,757 | 9,463 | 9,323 | 9,122 | 8,938 | 8,773 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 1 | 14 | 12 | 5 | -3 | -6 | 5 | -5 | -6 | 1 | -7 | -5 | |||||
Retained Earnings Accumulated Deficit | -2,692 | -3,562 | -4,171 | -4,647 | -4,973 | -5,187 | -5,266 | -5,410 | -5,544 | -5,650 | -5,743 | -5,815 | |||||
Stockholders Equity | 8,450 | 7,387 | 6,590 | 6,026 | 5,424 | 5,003 | 4,591 | 4,138 | 3,861 | 3,561 | 3,190 | 3,035 | |||||
Minority Interest | 107 | 101 | 98 | 97 | 95 | 91 | 93 | 87 | 86 | 85 | 82 | 80 | |||||
Liabilities And Stockholders Equity | 10,199 | 8,900 | 8,114 | 7,366 | 6,737 | 6,341 | 5,768 | 5,192 | 4,807 | 4,522 | 4,193 | 3,980 | |||||
Common Class A | 2,296 | 2,291 | 2,284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Class B | 100 | 99 | 98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Class F | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | 22,701 | |||||
Common Stock Shares Issued | 2,397 | 2,391 | 2,383 | 2,372 | 2,360 | 2,339 | 2,270 | 2,238 | 2,227 | 2,200 | 2,175 | 2,150 | |||||
Shares Outstanding | 2,397 | 2,391 | 2,383 | 2,372 | 2,360 | 2,339 | 2,270 | 2,238 | 2,227 | 2,200 | 2,175 | 2,150 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.18% | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | 21.05% | 20.10% | 45.88% | -9.56% | 2.48% | 6.56% | -11.69% | -1.06% | -11.08% | 13.48% | -3.73% | 3.59% |
| 2024 | 1.31% | 18.36% | 27.01% | 18.39% | 38.55% | 68.71% | 31.19% | 54.66% | 54.47% | -30.80% | -28.94% | -5.87% |
| 2023 | 52.04% | 60.52% | 86.49% | -10.92% | -6.10% | -11.56% | 1.64% | -7.83% | -11.17% | 0.38% | -3.12% | -11.97% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 6.91 | 7.11 | 6.43 | 6.32 | 6.49 | 5.96 | 5.67 | 5.92 | 5.91 | 5.55 | 5.53 | 5.22 | |||||
| Quick Ratio | 6.82 | 6.99 | 6.31 | 6.19 | 6.36 | 5.83 | 5.55 | 5.77 | 5.80 | 5.41 | 5.39 | 5.08 | |||||
| Working Capital | 8.17B | 7.18B | 6.41B | 5.80B | 5.32B | 4.94B | 4.41B | 3.97B | 3.69B | 3.39B | 3.12B | 2.89B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.19 | 0.19 | 0.22 | 0.22 | 0.22 | 0.24 | 0.26 | 0.25 | 0.24 | 0.27 | 0.29 | 0.31 | |||||
| Interest Coverage TTM | - | - | - | - | - | - | 2,684.96 | 332.57 | 89.63 | 34.57 | 7.20 | -12.22 | |||||
| Debt Ratio | 0.16 | 0.16 | 0.18 | 0.18 | 0.18 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | 0.22 | 0.24 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.62 | 0.59 | 0.56 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 0.55 | 0.56 | 0.57 | 0.56 | |||||
| Days Sales Outstanding TTM | 74.44 | 65.94 | 78.41 | 74.62 | 71.02 | 59.86 | 75.75 | 76.20 | 57.94 | 51.11 | 66.42 | 57.26 | |||||
| Receivables Turnover TTM | 4.90 | 5.54 | 4.65 | 4.89 | 5.14 | 6.10 | 4.82 | 4.79 | 6.30 | 7.14 | 5.50 | 6.37 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.89 | 0.63 | 0.43 | 0.30 | 0.22 | 0.19 | 0.19 | 0.17 | 0.12 | 0.09 | 0.06 | -0.02 | |||||
| Free Cash Flow Per Share TTM | 1.12 | 0.89 | 0.75 | 0.72 | 0.56 | 0.51 | 0.44 | 0.31 | 0.29 | 0.32 | 0.22 | 0.18 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 84.07% | 82.37% | 80.81% | 80.03% | 80.01% | 80.25% | 81.10% | 81.39% | 81.16% | 80.62% | 79.92% | 79.15% | |||||
| Operating Profit Margin TTM | 38.13% | 31.59% | 21.81% | 16.55% | 13.02% | 10.83% | 13.80% | 11.78% | 8.43% | 5.39% | 1.71% | -3.22% | |||||
| Net Profit Margin TTM | 43.67% | 36.31% | 28.06% | 22.13% | 18.30% | 16.13% | 18.02% | 16.41% | 12.81% | 9.43% | 7.01% | -2.36% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 67.71% | 56.18% | 47.23% | 38.79% | 33.45% | 28.79% | 24.52% | 21.22% | 17.61% | 16.75% | 16.13% | 17.23% | |||||
| Net Income Growth (1Y) | 300.16% | 251.59% | 129.28% | 87.15% | 90.63% | 120.27% | 220.07% | -941.82% | -217.05% | -156.15% | -126.57% | -91.04% | |||||
| EPS Growth (1Y) | 292.61% | 233.87% | 117.02% | 76.58% | 79.66% | 110.22% | 207.62% | -903.96% | -211.46% | -153.96% | -125.47% | -91.36% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 153.48 | 259.19 | 396.61 | 423.51 | 347.68 | 368.20 | 175.52 | 138.96 | 170.29 | 175.73 | 232.23 | -676.11 | |||||
| P/B | 41.44 | 56.25 | 65.80 | 53.51 | 36.55 | 33.41 | 18.23 | 13.66 | 13.19 | 10.35 | 10.85 | 10.76 | |||||
| P/S TTM | 67.03 | 94.11 | 111.30 | 93.71 | 63.64 | 59.39 | 31.63 | 22.80 | 21.82 | 16.57 | 16.28 | 15.98 | |||||
| Market Cap | 350.18B | 421.20B | 433.64B | 322.42B | 198.23B | 170.18B | 83.70B | 56.53B | 50.93B | 36.87B | 34.60B | 32.67B | |||||
| Enterprise Value | 348.06B | 419.98B | 432.23B | 321.71B | 197.46B | 168.30B | 83.17B | 56.25B | 50.61B | 36.25B | 33.77B | 31.84B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 2.69B | 2.10B | 1.79B | 1.71B | 1.32B | 1.14B | 980.32M | 696.41M | 641.36M | 697.07M | 474.60M | 375.35M | |||||
| Net Debt | -2.11B | -1.22B | -1.41B | -713.42M | -770.41M | -1.88B | -533.54M | -273.62M | -322.60M | -620.72M | -825.62M | -828.04M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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