TenQ · Charts

PalantirPLTR

Government vs commercial

Is Palantir still a government contractor?

0.00$500MQ1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q1 '26

Still a government-first business: $858M vs $774M commercial last quarter.

Revenue

Is the business selling more than it used to?

$4.5B+56% YoYFY 2025

0.00$1.0B$2.0BQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26$1.9B+93% YoY

◌ dashed bar = Q4 derived from FY − Q1 − Q2 − Q3 (the SEC never receives a Q4 filing)

$4.5B in the last fiscal year.

Net income

How much of it becomes profit?

$1.6B+252% YoYFY 2025

0.00$500M$1.0BQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26$1.1B+225% YoY

◌ dashed bar = Q4 derived from FY − Q1 − Q2 − Q3 (the SEC never receives a Q4 filing)

$1.6B last fiscal year.

Growth after dilution

How much of that growth reaches YOUR share?

0.001.00201820192020202120222023202420251.740.82

$1.74 of revenue per share last year, split-adjusted.

Free cash flow

What's left after everything, in actual cash?

$2.1B+84% YoYFY 2025

0.00$1.0B$2.0B20182019202020212022202320242025$2.1B

$2.1B of free cash flow last year.

Income waterfall

Where does each dollar of revenue actually go?

$4.5BRevenue 2025$3.7BGross profit$1.4BOperating income$1.6BNet income

36¢ of every sales dollar survives all the way to the bottom line.

Cash conversion

How much of every sales dollar ends up as free cash?

0.0%50%2018201920202021202220232024202547%

47% FCF margin last year.

Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%50%100%201820192020202120222023202420250.8%12%15%
Margins

Of every dollar of sales, how much survives?

-100%0.0%2018201920202021202220232024202582%32%36%
Returns on capital

What does it earn on the money it uses?

-50%0.0%2018201920202021202220232024202522%18%18%
P/E history

What has the market paid per dollar of earnings?

0.00100200202320242025median 176xP/E 219
P/S history

And per dollar of sales?

0.0050.00202020212022202320242025median 29xP/S 79.10
Debt & cash

Could it handle its debt if things went wrong?

0.00$1.0B$2.0B20172018201920202021202220232024202520260.00$2.0B
Shareholders' equity

Is the company's own capital growing?

0.00$5.0B$10.0B2017201820192020202120222023202420252026$9.8B
Capital returned

How much goes back — and how much leaks out as stock comp?

0.00$500M$1.0B20182019202020212022202320242025
Dilution rate

How fast is your ownership being diluted — or concentrated?

0.0%25%50%2019202070%202120222023202420254.7%

+4.7% last year.

Insider flow

Are the people running it buying or selling?

$200M0.00Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26
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