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PLTR.NYSE
Palantir Technologies
Information Technology · Systems Software

Software company specializing in big data analytics and AI-powered platforms for government agencies and commercial enterprises.

HQ: United StatesListed: United States

Profile & Fundamentals

Palantir Technologies: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Palantir Technologies Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It provides Palantir Gotham integrates with other platforms for defense offerings which enables users to see, understand, and act in the modern battlespace; operations centers to the tactical edge; integrating data from domains and sensors in near real-time; and situational awareness and accelerating operational decision-making, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that helps organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform that provides unified access to open-source, self-hosted, and commercial large language models (LLMs) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company also has a strategic partnership with Ondas Inc. to develop and deploy AI-enabled operational capabilities to scale stratospheric, aerial, and land-based ISR missions. The company has a strategic collaboration with NVIDIA to deliver an intelligent engine for running NVIDIA AI and Nemotron open models in sovereign environments and with PwC to transform critical business operations and deliver measurable enterprise value. The company was incorporated in 2003 and is headquartered in Aventura, Florida.

PLTR.NYSE

Company profile record

Palantir Technologies Inc.

Common Stock · Information Technology · Systems Software

Official website

Company

Company / asset
Palantir Technologies Inc.
Security type
Common Stock
Sector
Information Technology
Industry
Systems Software
HQ
🇺🇸 United States
Head office
19505 Biscayne Blvd, Aventura, FL, United States, 33180

Leadership & scale

Chief executive
Dr. Alexander C. Karp J.D.
CEO year born
1967
Full-time employees
4.4K
Fiscal year end
December
IPO date
2020-09-30

Fundamentals snapshot

Updated 2026-09-27
Market Cap
USD 493.6B
P/E
163.6x
Revenue (Q2 26)
USD 1.9B
Profit (Q2 26)
USD 1.1B
Dividend Yield
--
Revenue (FY 25)
USD 4.5B
Shares in public float
2.1B
Insider ownership
3.48%

Reporting & identifiers

Symbol
PLTR.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US69608A1088
Asset ID
equity_7e8a395b-3e8d-5baf-90d4-19f11971fe98

Ownership

Shares Outstanding

Latest: 2.6B | Max: 2.6B | Min: 544.0M

Shares Outstanding
3.2B2.4B1.6B810.7M0.00
544.0M
1.8B
2.2B
2.5B
2.6B
'18
'20
'22
'24
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

82.11%

2.1B latest reported shares

Insider Ownership

3.48%

Latest reported insider stake

Short Float

0.03%

Latest reported short interest / float

Top Holders

Top 5 concentration: 23.88%
BlackRock Inc
institution
Filed 2026-03-31 • Change -4.3M (-2.24%)
7.86%(189.0M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +144.8M (0.00%)
6.03%(144.8M shares)
State Street Corp
institution
Filed 2026-03-31 • Change -758.7K (-0.74%)
4.23%(101.6M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -136.5K (-0.20%)
2.88%(69.3M shares)
Amvescap Plc.
institution
Filed 2026-03-31 • Change -4.8M (-6.46%)
2.87%(69.0M shares)
Vanguard 500 Index Investor
fund
Filed 2026-08-31 • Change +724.0K (+1.20%)
2.54%(61.0M shares)
Geode Capital Management, LLC
institution
Filed 2026-03-31 • Change +1.7M (+3.08%)
2.33%(55.9M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2018-01-01544,000,000
2019-01-01905,462,000
2020-01-011,763,513,900
2021-01-012,011,764,000
2022-01-012,203,733,000
2023-01-012,357,742,000
2024-01-012,528,279,000
2025-01-012,573,497,000
2026-01-012,569,826,000

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc188,990,9717.86%2026-03-31
Vanguard Capital Management, LLC144,837,5296.03%2026-03-31
State Street Corp101,626,5944.23%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest69,320,8632.88%2026-08-31
Amvescap Plc.68,975,0362.87%2026-03-31
Vanguard 500 Index Investor61,005,1342.54%2026-08-31
Geode Capital Management, LLC55,871,3322.33%2026-03-31
Vanguard Portfolio Management, LLC50,022,2302.08%2026-03-31
Invesco QQQ Trust49,392,9382.06%2026-08-31
Morgan Stanley - Brokerage Accounts32,202,6891.34%2026-03-31
NORGES BANK31,076,2111.29%2026-06-30
iShares Core S&P 500 ETF30,575,7841.27%2026-08-31
Fidelity 500 Index29,690,5961.24%2026-07-31
State Street® SPDR® S&P 500® ETF28,139,9011.17%2026-08-31
Vanguard MStar Growth Index Investor22,994,7850.96%2026-08-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

Palantir's financial results demonstrate an extraordinary operational transformation, turning once-modest software consulting revenues into prolific corporate earnings. Trailing revenue has surpassed $6.16 billion, punctuated by recent quarterly growth of over 90% driven by rapid commercial adoption and expanding defense contracts. Crucially, this top-line surge converts directly into cash, generating $3.36 billion in trailing free cash flow with profit margins near 50%. While reported net income is partially flattered by interest earned on its large cash hoard, underlying operating profits reflect genuine, high-quality software scalability.

Revenue, Net Income, and Free Cash Flow

Latest: USD 4.5B | Max: USD 4.5B | Min: USD -1.2B

RevenueFree Cash FlowNet Income
USD 5.9BUSD 4.0BUSD 2.0BUSD 0.00USD -1.8B
4.5B
2.1B
1.6B
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: >100x

>100x>100x>100x>100x0x
>100x
>100x
'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability margins have expanded dramatically, reflecting the immense power of standardized software distribution. Gross profit margins hold firm above 82%, while operating margins have surged from single digits into the 40% range as automated onboarding bootcamps replace customized manual engineering. Because existing customers can expand their software usage with almost zero added cost to Palantir, incremental sales drop straight to the bottom line. While current peak margins may stabilize as competition intensifies, the company's structural pricing power remains exceptionally strong.

Profitability Margins

Latest: 82.4% | Max: 82.4% | Min: <-100.0%

Gross MarginOperating MarginNet Margin
129.8%66.9%0.0%-59.0%-121.9%
82.4%
31.6%
36.3%
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

82.4%

Gross profit / revenue

Operating Margin

31.6%

Operating income / revenue

Net Margin

36.3%

Net income / revenue

FCF Margin

46.9%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2018-12-31595,409,000-580,027,000-52,016,000
2019-12-31742,555,000-579,646,000-178,311,000
2020-12-311,092,673,000-1,166,391,000-308,844,000
2021-12-311,541,889,000-520,379,000321,224,000
2022-12-311,905,871,000-373,705,000183,710,000
2023-12-312,225,012,000209,825,000697,069,000
2024-12-312,865,507,000462,190,0001,141,231,000
2025-12-314,475,446,0001,625,033,0002,100,591,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-31281.5Trailing four quarters
2024-12-31413.71Trailing four quarters
2023-12-31192.93Trailing four quarters

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2018-12-3172.22-104.71-97.42-8.74
2019-12-3167.36-77.63-78.06-24.01
2020-12-3167.74-107.41-106.75-28.26
2021-12-3177.99-26.66-33.7520.83
2022-12-3178.56-8.46-19.619.64
2023-12-3180.625.399.4331.33
2024-12-3180.2510.8316.1339.83
2025-12-3182.3731.5936.3146.94

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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