Company profile · free preview
Palantir Technologies Inc.
PLTR · NASDAQ · Technology · Updated 10/16/2026
Revenue
$4.5B
Fiscal 2025
Net income
$1.6B
Fiscal 2025
Free cash flow
$2.1B
Fiscal 2025
Net cash / (debt)
$1.2B
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $4.5B | $2.9B | $2.2B | $1.9B | $1.5B |
| Net income | $1.6B | $462.2M | $209.8M | (373.7M) | (520.4M) |
| Diluted EPS | $0.63 | $0.19 | $0.09 | $-0.18 | $-0.27 |
| Operating cash flow | $2.1B | $1.2B | $712.2M | $223.7M | $333.9M |
| Free cash flow | $2.1B | $1.1B | $697.1M | $183.7M | $321.2M |
| Cash | $1.4B | $2.1B | $831.0M | $2.6B | $2.3B |
| Total debt | $229.3M | $239.2M | $229.4M | $249.4M | $260.1M |
SEC filings
Analyst overview
Palantir Technologies develops sophisticated data integration and analytics software platforms, primarily Foundry and Gotham, which it licenses to government agencies and commercial enterprises. The company generates revenue through subscriptions and professional services, distinguishing itself by offering highly customized, secure, and complex data solutions for mission-critical operations, giving it a strong competitive position in specialized government and industrial sectors.
Financial trends reveal robust growth in both revenue and profitability. Revenue has steadily climbed from $1.5 billion in 2021 to a projected $4.5 billion in 2025, while net income has transitioned from a loss of $520.4 million in 2021 to a projected gain of $1.6 billion in 2025. Free cash flow has also shown strong expansion, increasing from $321.2 million in 2021 to an anticipated $2.1 billion in 2025, while maintaining a healthy cash balance exceeding $1.4 billion against modest debt levels under $250 million.
Key strengths include its differentiated technology and entrenched relationships with governmental clients, providing a stable revenue base. However, risks include the potential for lumpy government contract cycles and intense competition in the broader enterprise software market. Investors should monitor the company's ability to diversify its commercial client base and scale its software deployment beyond bespoke projects.
AI-generated from published financials and filings · 10/17/2026. Not investment advice.
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