PLTR Palantir Technologies

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Technology

· How we analyze

About the company

Palantir Technologies is a US data analytics software company. Its platforms Gotham, Foundry and AIP help government agencies, the military and companies analyze large amounts of data and use AI applications. A large share of the business comes from the US. As of Oct 12, 2026

Fact sheet (from the annual report) Software (packaged programs) · Aventura, USA

Palantir develops software with which government agencies and companies link their data, decisions and operations. Gotham supports armed forces and intelligence services with situational awareness and operational decisions. Foundry serves as a data platform for data management, analytics and workflows and is in use at all commercial customers. The AIP platform connects language models from external providers to customer data, while Apollo manages the continuous delivery of the software. In 2025 a narrow majority of revenue came from the government segment and the rest from the commercial segment; in sales, the company generally targets large, hard-to-execute projects.

Automatically summarized from SEC annual report (10-K, filed Feb 17, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today −0.1%
  • 7 days +3.2%
  • 30 days +4.8%
  • 1 year +5.1%
Day range (last trading day)
−1.0%Price at 39% of the range+1.6%
52-week range
−46.5%Price at 87% of the range+7.2%
Distance from the all-time high
−6.7%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Fundamentals · Analysis method

Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.

Growth: greenMargin: greenDebt: gray

Fundamental analysis

Palantir Technologies · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 17, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 7 of 8 met

  • met: Gross margin above 40% 82.4%
  • met: Operating margin above 15% 31.6%
  • met: Net margin above 10% 36.3%
  • met: Return on equity above 15% 22.0%
  • met: Free cash flow margin above 10% 46.9%
  • not met: Profit in each of the last 5 fiscal years 3 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 83.0%
Gross margin

82.4% Fiscal year 2025

No rank: too few peers or not computed yet.

Share of revenue left after the direct cost of the products sold.

Operating margin

31.6% Fiscal year 2025

No rank: too few peers or not computed yet.

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

36.3% Fiscal year 2025

No rank: too few peers or not computed yet.

Profit after all costs, interest and taxes divided by revenue.

Return on equity

22.0% Fiscal year 2025

No rank: too few peers or not computed yet.

Net income divided by equity at fiscal year end.

Return on assets

18.3% Fiscal year 2025 (total assets at year end)

No rank: too few peers or not computed yet.

Net income divided by total assets at fiscal year end.

Equity ratio

83.0% Fiscal year 2025

No rank: too few peers or not computed yet.

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

46.9% Fiscal year 2025

No rank: too few peers or not computed yet.

Free cash flow divided by revenue.

Free cash flow

2.1B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 4 of 4 met · 3 without data

  • met: Over 3 years, revenue grew by more than 5% per year +32.9%
  • met: Over 5 years, revenue grew by more than 5% per year +32.6%
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +56.2%
Revenue growth 3 years

+32.9% per year

No rank: too few peers or not computed yet.

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+32.6% per year

No rank: too few peers or not computed yet.

Average growth per year over 5 fiscal years.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 4 of 5 met · 1 without data

  • met: Piotroski F-Score at least 7 of 9 7 of 8 · 1 without data
  • no data: Long-term debt no higher than equity no long-term debt reported
  • met: Current assets cover current liabilities 7.11
  • met: Positive equity 7.4B USD
  • not met: In 5 years, share count up by at most 5% +161.9%
  • met: Free cash flow positive in the last fiscal year 2.1B USD
Piotroski F-Score

7 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Liquidity (current ratio)

7.11 at fiscal year end

No rank: too few peers or not computed yet.

Current assets divided by current liabilities.

Change in share count

+161.9% in 5 years

No rank: too few peers or not computed yet.

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • no data: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.

In short

  • Light green: Revenue grew over 5 years (+32.6% per year), at least as fast as the sector median.
  • Light green: Net margin 36.3%, above the sector median (12.5%).
  • Light red: Profit in 3 of 8 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 595.4M USD · Net income −580.0M USD · Net margin −97.4%
  2. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 742.6M USD · Net income −579.6M USD · Net margin −78.1%
  3. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 1.1B USD · Net income −1.2B USD · Net margin −106.7%
  4. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 1.5B USD · Net income −520.4M USD · Net margin −33.7%
  5. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 1.9B USD · Net income −373.7M USD · Net margin −19.6%
  6. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 2.2B USD · Net income 209.8M USD · Net margin 9.4%
  7. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 2.9B USD · Net income 462.2M USD · Net margin 16.1%
  8. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 4.5B USD · Net income 1.6B USD · Net margin 36.3%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 4.5B USD · Net income 1.6B USD · Net margin 36.3%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 82.4 USD gross profit, 31.6 USD operating income and 36.3 USD net income remained.

Net income is above operating income (e.g. a tax benefit, gains on investments or securities).

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue4.5B USD100.0%
Gross profit3.7B USD82.4%
Cost of revenue789.2M USD17.6%
Operating income1.4B USD31.6%
Research & development557.7M USD12.5%
Other operating expenses1.7B USD38.3%
Net income1.6B USD36.3%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from −107.4% to 31.6%.

Gross marginOperating marginNet margin
  1. Fiscal year 2018: Gross margin 72.2% · Operating margin −104.7% · Net margin −97.4%
  2. Fiscal year 2019: Gross margin 67.4% · Operating margin −77.6% · Net margin −78.1%
  3. Fiscal year 2020: Gross margin 67.7% · Operating margin −107.4% · Net margin −106.7%
  4. Fiscal year 2021: Gross margin 78.0% · Operating margin −26.7% · Net margin −33.7%
  5. Fiscal year 2022: Gross margin 78.6% · Operating margin −8.5% · Net margin −19.6%
  6. Fiscal year 2023: Gross margin 80.6% · Operating margin 5.4% · Net margin 9.4%
  7. Fiscal year 2024: Gross margin 80.2% · Operating margin 10.8% · Net margin 16.1%
  8. Fiscal year 2025: Gross margin 82.4% · Operating margin 31.6% · Net margin 36.3%

Returns

Return on equity rose in 5 years from −76.6% to 22.0%.

Return on equityReturn on assets
  1. Fiscal year 2018: Return on equity not available · Return on assets not available
  2. Fiscal year 2019: Return on equity not available · Return on assets −36.4%
  3. Fiscal year 2020: Return on equity −76.6% · Return on assets −43.4%
  4. Fiscal year 2021: Return on equity −22.7% · Return on assets −16.0%
  5. Fiscal year 2022: Return on equity −14.6% · Return on assets −10.8%
  6. Fiscal year 2023: Return on equity 6.0% · Return on assets 4.6%
  7. Fiscal year 2024: Return on equity 9.2% · Return on assets 7.3%
  8. Fiscal year 2025: Return on equity 22.0% · Return on assets 18.3%

Equity and long-term debt

The equity ratio rose in 5 years from 56.6% to 83.0%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2018: Equity −1.8B USD · Long-term debt not available
  2. Fiscal year 2019: Equity −2.0B USD · Long-term debt 396.1M USD
  3. Fiscal year 2020: Equity 1.5B USD · Long-term debt 198.0M USD
  4. Fiscal year 2021: Equity 2.3B USD · Long-term debt 0.0 USD
  5. Fiscal year 2022: Equity 2.6B USD · Long-term debt not available
  6. Fiscal year 2023: Equity 3.5B USD · Long-term debt not available
  7. Fiscal year 2024: Equity 5.0B USD · Long-term debt not available
  8. Fiscal year 2025: Equity 7.4B USD · Long-term debt not available

Liquidity (current ratio)

The current ratio rose in 5 years from 3.74 to 7.11.

Current ratio
  1. Fiscal year 2018: Current ratio not available
  2. Fiscal year 2019: Current ratio 1.67
  3. Fiscal year 2020: Current ratio 3.74
  4. Fiscal year 2021: Current ratio 4.34
  5. Fiscal year 2022: Current ratio 5.17
  6. Fiscal year 2023: Current ratio 5.55
  7. Fiscal year 2024: Current ratio 5.96
  8. Fiscal year 2025: Current ratio 7.11

Cash flow

Free cash flow rose in 5 years from −308.8M USD to 2.1B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2018: Operating cash flow −39.0M USD · Capital expenditure 13.0M USD · Free cash flow −52.0M USD
  2. Fiscal year 2019: Operating cash flow −165.2M USD · Capital expenditure 13.1M USD · Free cash flow −178.3M USD
  3. Fiscal year 2020: Operating cash flow −296.6M USD · Capital expenditure 12.2M USD · Free cash flow −308.8M USD
  4. Fiscal year 2021: Operating cash flow 333.9M USD · Capital expenditure 12.6M USD · Free cash flow 321.2M USD
  5. Fiscal year 2022: Operating cash flow 223.7M USD · Capital expenditure 40.0M USD · Free cash flow 183.7M USD
  6. Fiscal year 2023: Operating cash flow 712.2M USD · Capital expenditure 15.1M USD · Free cash flow 697.1M USD
  7. Fiscal year 2024: Operating cash flow 1.2B USD · Capital expenditure 12.6M USD · Free cash flow 1.1B USD
  8. Fiscal year 2025: Operating cash flow 2.1B USD · Capital expenditure 33.9M USD · Free cash flow 2.1B USD

Share count

The share count rose in 5 years by 161.9% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2018: Diluted share count 544.0M
  2. Fiscal year 2019: Diluted share count 577.0M
  3. Fiscal year 2020: Diluted share count 979.3M
  4. Fiscal year 2021: Diluted share count 1.9B
  5. Fiscal year 2022: Diluted share count 2.1B
  6. Fiscal year 2023: Diluted share count 2.3B
  7. Fiscal year 2024: Diluted share count 2.5B
  8. Fiscal year 2025: Diluted share count 2.6B

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend
Share count over 5 years
+161.9% more shares – dilution

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+32.6% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 32.6% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

36.3% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 36.31 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was −106.7%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: not available

– latest balance sheet

Sector Technology: median 0.46 (65 symbols)

What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 5 loss years

3 of 8 fiscal years with a profit

What does this mean? In 3 of the last 8 fiscal years the bottom line showed a profit. 5 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
4.5B USD
Revenue vs. prior year
+56.2%
Net income (FY)
1.6B USD
Net income vs. prior year
+251.6%
EPS (FY)
0.63 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
+243.7%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 17, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 4.5B1.6B 36.3% 0.63 – –
2024Dec 31, 2024 2.9B462.2M 16.1% 0.19 – –
2023Dec 31, 2023 2.2B209.8M 9.4% 0.09 – –
2022Dec 31, 2022 1.9B−373.7M −19.6% −0.18 – –
2021Dec 31, 2021 1.5B−520.4M −33.7% −0.27 – –
2020Dec 31, 2020 1.1B−1.2B −106.7% −1.20 – –
2019Dec 31, 2019 742.6M−579.6M −78.1% −1.02 – –
2018Dec 31, 2018 595.4M−580.0M −97.4% −1.17 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 1.9B1.1B 54.9% 0.41 – –
Q1/26Mar 31, 2026 1.6B870.5M 53.3% 0.34 – –
Q4/25*Dec 31, 2025 1.4B608.7M 43.3% – – –
Q3/25Sep 30, 2025 1.2B475.6M 40.3% 0.18 – –
Q2/25Jun 30, 2025 1.0B326.7M 32.6% 0.13 – –
Q1/25Mar 31, 2025 883.9M214.0M 24.2% 0.08 – –
Q4/24*Dec 31, 2024 827.5M79.0M 9.5% – – –
Q3/24Sep 30, 2024 725.5M143.5M 19.8% 0.06 – –
Q2/24Jun 30, 2024 678.1M134.1M 19.8% 0.06 – –
Q1/24Mar 31, 2024 634.3M105.5M 16.6% 0.04 – –
Q4/23*Dec 31, 2023 608.4M93.4M 15.4% – – –
Q3/23Sep 30, 2023 558.2M71.5M 12.8% 0.03 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $106.6M7 people −$106.6M
6 months $00 people $263.3M9 people −$263.3M
12 months $00 people $876.7M10 people −$876.7M

Latest transactions

  • Oct 15, 2026 Moore Alexander D. Director Open-market sale · 10b5-1 plan 100 shares · $20.1K · SEC
  • Oct 15, 2026 Moore Alexander D. Director Open-market sale · 10b5-1 plan 4,200 shares · $840.6K · SEC
  • Oct 15, 2026 Moore Alexander D. Director Open-market sale · 10b5-1 plan 3,500 shares · $696.7K · SEC
  • Oct 15, 2026 Moore Alexander D. Director Open-market sale · 10b5-1 plan 2,700 shares · $534.9K · SEC
  • Oct 15, 2026 Moore Alexander D. Director Open-market sale · 10b5-1 plan 900 shares · $177.1K · SEC
  • Oct 15, 2026 Moore Alexander D. Director Open-market sale · 10b5-1 plan 2,400 shares · $470.1K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +65

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)23.1
Rel. strength 60 d+56.6%

ATR and moving averages as price values only when logged in.

More stocks from Technology

All symbols in this sector

News

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