Palantir Technologies

Information Technology Application Software Denver, Colorado Last filing Feb 17, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.5B
                    3y CAGR +32.9%
                    
                    P97
                    
                    +56.2%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +36.3%
                    
                    P94
                    
                    +251.6%
                    
                    Total assets
                    FY2025
                
$8.9B
                    ROA +18.3%
                    
                    P86
                    
                    +40.4%
                    
                    Operating cash flow
                    FY2025
                
$2.1B
                    FCF margin +46.9%
                    
                    P98
                    
                    +85.0%

9 yrs · FY2017–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $8.9B

Total liabilities $1.4B

Shareholders equity $7.4B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	16.0%	33.1%	18.4%	75.1%	70.5%
Short Term Investments	64.6%	49.4%	62.9%	1.0%	7.2%
Accounts Receivable	11.7%	9.1%	8.1%	7.5%	5.9%
Prepaid Expenses	1.6%	2.0%	2.2%	3.9%	3.4%
Other Current Assets	3.3%	2.6%	3.4%	4.0%	3.0%
Total Current Assets	93.9%	93.6%	91.5%	87.9%	88.2%
Property,Plant and Equipment	0.6%	0.6%	1.1%	2.0%	1.0%
Operating Lease Assets	2.2%	3.2%	4.0%	5.8%	6.7%
Intangible Assets	0.0%	0.3%	0.6%	1.0%	0.0%
Long Term Investments	1.9%	1.0%	0.7%	0.0%	0.0%
Other Noncurrent Assets	3.3%	2.6%	3.4%	4.0%	3.0%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	0.1%	0.0%	0.3%	1.3%	2.3%
Accrued Liabilities	2.0%	6.7%	4.9%	5.0%	4.8%
Deferred Revenue	4.6%	4.1%	5.5%	5.3%	7.0%
Other Current Liabilities	0.1%	0.2%	0.2%	0.4%	0.1%
Total Current Liabilities	13.2%	15.7%	16.5%	17.0%	20.3%
Deferred Revenue Noncurrent	0.5%	0.6%	0.6%	0.3%	1.2%
Operating Lease Liabilities Noncurrent	2.1%	3.1%	3.9%	5.9%	6.8%
Other Noncurrent Liabilities	0.1%	0.2%	0.2%	0.4%	0.1%
Total Liabilities	15.9%	19.7%	21.3%	23.7%	29.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.1%	0.1%
Additional Paid In Capital	122.8%	160.8%	201.7%	243.5%	239.5%
Retained Earnings	-40.0%	-81.8%	-124.9%	-169.3%	-168.9%
Accumulated Other Comprehensive Income	0.2%	-0.1%	0.0%	-0.2%	-0.1%
Noncontrolling Interest	1.1%	1.4%	1.9%	2.2%	—
Total Stockholders Equity	83.0%	78.9%	76.9%	74.1%	70.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $4.5B

Operating income $1.4B

Net income $1.6B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	50.3%	45.2%	49.2%	55.1%	47.5%
Expenses Cost of Revenue	8.9%	8.9%	9.5%	11.8%	10.5%
Expenses Research and Development	6.3%	8.0%	8.9%	10.4%	11.9%
Expenses Selling,General and Administrative	7.4%	9.4%	11.6%	17.2%	18.8%
Expenses Depreciation and Amortization	0.3%	0.5%	0.7%	0.7%	0.5%
Expenses Share Based Compensation	7.7%	10.9%	10.5%	16.3%	24.0%
Expenses Operating Expenses	25.5%	31.4%	37.0%	47.9%	49.7%
Other Income Expense Gross Profit	41.4%	36.3%	39.7%	43.3%	37.0%
Other Income Expense Operating Income	15.9%	4.9%	2.7%	-4.7%	-12.7%
Other Income Expense Interest Income	2.6%	3.1%	2.9%	0.6%	0.0%
Other Income Expense Other Income/expense	0.2%	-0.3%	-0.3%	-6.4%	-2.3%
Other Income Expense Income Before Tax	18.6%	7.7%	5.2%	-10.4%	-15.0%
Income Tax Income Tax Expense	0.3%	0.3%	0.4%	0.3%	1.0%
net Income net Income	18.3%	7.3%	4.6%	-10.8%	-16.0%
net Income Comprehensive Income	18.5%	7.2%	4.8%	-10.9%	-16.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	-0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	-0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	26.6%	35.5%	47.5%	59.6%	59.2%
Earnings Per Share Weighted Average Shares Diluted	28.8%	38.7%	50.8%	59.6%	59.2%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $2.1B

Investing cash flow $-2.8B

Financing cash flow $-26.9M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	18.3%	7.3%	4.6%	-10.8%	-16.0%
Operating Activities Depreciation and Amortization	0.3%	0.5%	0.7%	0.7%	0.5%
Operating Activities Stock Based Compensation	7.7%	10.9%	10.5%	16.3%	24.0%
Operating Activities Deferred Income Taxes	-0.0%	-0.0%	-0.1%	-0.0%	1.3%
Operating Activities Changes In Operating Assets and Liabilities	7.2%	6.2%	7.8%	-1.1%	1.2%
Operating Activities Other Non Cash Items	0.2%	1.0%	0.3%	-0.8%	0.1%
Operating Activities net Cash From Operating Activities	24.0%	18.2%	15.7%	6.5%	10.3%
Investing Activities Capital Expenditures	0.4%	0.2%	0.3%	1.2%	0.4%
Investing Activities Purchases of Investments	86.5%	85.1%	124.6%	3.6%	9.5%
Investing Activities Proceeds From Sale of Investments	56.5%	80.0%	63.9%	1.5%	0.0%
Investing Activities Other Investing Activities	0.0%	0.0%	-1.1%	-1.9%	0.1%
Investing Activities net Cash From Investing Activities	-31.3%	-5.4%	-59.9%	-1.3%	-12.3%
Financing Activities Repurchase of Common Stock	0.8%	1.0%	0.0%	0.0%	0.0%
Financing Activities Proceeds From Stock Issuance	1.5%	11.8%	4.8%	2.5%	15.6%
Financing Activities Tax Withholding On Stock Based Compensation	0.9%	3.4%	0.0%	0.0%	—
Financing Activities Other Financing Activities	0.0%	0.0%	0.0%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-0.3%	7.3%	4.8%	2.5%	9.4%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.1%	0.1%	-0.1%	-0.1%
Cash Reconciliation net Change In Cash	-7.5%	20.0%	-39.3%	7.5%	7.4%
Cash Reconciliation Cash At Beginning of Period	16.3%	33.4%	18.8%	75.9%	72.9%
Cash Reconciliation Cash At End of Period	16.3%	33.4%	18.8%	75.9%	72.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+82.4%	+80.2%	+80.6%	+78.6%	+78.0%
Operating margin	+31.6%	+10.8%	+5.4%	-8.5%	-26.7%
Net margin	+36.3%	+16.1%	+9.4%	-19.6%	-33.7%
FCF margin	+46.9%	+39.8%	+31.3%	+9.6%	+20.8%
Growth
Revenue CAGR (3y)	+32.9%	+22.9%	+26.7%	+36.9%	+37.3%
Returns
ROE	+22.0%	+9.2%	+6.0%	-14.6%	-22.7%
ROA	+18.3%	+7.3%	+4.6%	-10.8%	-16.0%
ROIC	—	—	—	—	—
Liquidity
Current ratio	7.11x	5.96x	5.55x	5.17x	4.34x
Quick ratio	2.10x	2.68x	1.60x	4.86x	3.76x
Leverage
D/E	0.19x	0.25x	0.28x	0.32x	0.42x
Interest coverage	—	—	34.57x	-39.72x	-112.92x
Efficiency
Asset turnover	0.50x	0.45x	0.49x	0.55x	0.47x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Palantir Technologies

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history