Palantir Technologies Inc. (PLTR) Financial Statements

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Palantir Technologies financial statements at a glance

Palantir Technologies reported revenue of $4.48 billion for fiscal year 2025 (ended December 31, 2025), up 56.2% from fiscal year 2024. Net income was $1.63 billion, a net margin of 36.3%, and diluted earnings per share were $0.63.

At the end of fiscal year 2025 it had total assets of $8.90 billion, total liabilities of $1.41 billion and shareholders' equity of $7.39 billion, with cash and short-term investments of $7.18 billion and total debt of $229.34 million.

Its operations brought in $2.13 billion of cash; capital spending was $33.88 million, leaving free cash flow of $2.10 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Palantir Technologies Inc.

PLTRUnited States
Commercial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
4.48B
Prev Year: 2.87B
YoY: +56.2%
Operating Revenue
4.48B
Prev Year: 2.87B
YoY: +56.2%
Tax Rate for Calcs
0.014
Prev Year: 0
Noncontrolling Interests
-9.61M
Prev Year: -5.73M
YoY: -67.8%
Total Unusual Items Excluding Goodwill
-
Cost of Revenue
789.18M
Prev Year: 565.99M
YoY: +39.4%
Gross Profit
3.69B
Prev Year: 2.30B
YoY: +60.3%
Operating Expense
2.27B
Prev Year: 1.99B
YoY: +14.2%
Selling General and Administrative
1.71B
Prev Year: 1.48B
YoY: +15.8%
General and Administrative Expense
657.72M
Prev Year: 593.48M
YoY: +10.8%
Other General and Administrative
657.72M
Prev Year: 593.48M
YoY: +10.8%
Research and Development
557.68M
Prev Year: 507.88M
YoY: +9.8%
Operating Income
1.41B
Prev Year: 310.40M
YoY: +355.5%
Net Non Operating Interest Income Expense
229.18M
Prev Year: 196.79M
YoY: +16.5%
Non-operating Interest Income
229.18M
Prev Year: 196.79M
YoY: +16.5%
Other Income Expense
14.17M
Prev Year: -18.02M
YoY: +178.6%
Other Non-operating Income (expense)
14.17M
Prev Year: -18.02M
YoY: +178.6%
Gain on Sale of Securities
-
Pre-tax Income
1.66B
Prev Year: 489.17M
YoY: +238.8%
Provision for Income Taxes
22.72M
Prev Year: 21.25M
YoY: +6.9%
Net Income Common Stockholders
1.63B
Prev Year: 462.19M
YoY: +251.6%
Net Income
1.63B
Prev Year: 462.19M
YoY: +251.6%
Net Income Including Non-Controlling Interests
1.63B
Prev Year: 467.92M
YoY: +249.3%
Net Income from Continuing Operations
1.63B
Prev Year: 467.92M
YoY: +249.3%
Diluted NI Available to Com Stockholders
1.63B
Prev Year: 462.19M
YoY: +251.6%
Average Dilution Earnings
-
Basic EPS
0.69
Prev Year: 0.21
YoY: +228.6%
Diluted EPS
0.63
Prev Year: 0.19
YoY: +231.6%
Weighted Average Shares (basic)
2.37B
Prev Year: 2.25B
YoY: +5.3%
Weighted Average Shares (diluted)
2.57B
Prev Year: 2.45B
YoY: +4.7%
Total Operating Income as Reported
1.41B
Prev Year: 310.40M
YoY: +355.5%
Total Expenses
3.06B
Prev Year: 2.56B
YoY: +19.8%
Net Income from Continuing and Discontinued Operation
1.63B
Prev Year: 462.19M
YoY: +251.6%
Normalized Income
1.63B
Prev Year: 462.19M
YoY: +251.6%
Interest Income
229.18M
Prev Year: 196.79M
YoY: +16.5%
EBIT
1.41B
Prev Year: 310.40M
YoY: +355.5%
Net Interest Income
-
Prev Year: 196.79M
Interest Expense
-
EBITDA
1.44B
Prev Year: 341.99M
YoY: +321.1%
Reconciled Cost of Revenue
789.18M
Prev Year: 565.99M
YoY: +39.4%
Reconciled Depreciation
26.14M
Prev Year: 31.59M
YoY: -17.2%
Net Income from Continuing Operation Net Minority Interest
1.63B
Prev Year: 462.19M
YoY: +251.6%
Normalized EBITDA
1.44B
Prev Year: 341.99M
YoY: +321.1%
Values in USD

Palantir Technologies key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$4.5B$2.9B$2.2B$1.9B$1.5B
Gross profit$3.7B$2.3B$1.8B$1.5B$1.2B
Operating income$1.4B$310.4M$120.0M-$161.2M-$411.0M
Net income$1.6B$462.2M$209.8M-$373.7M-$520.4M
Diluted EPS$0.63$0.19$0.09-$0.18-$0.27
Total assets$8.9B$6.3B$4.5B$3.5B$3.2B
Total liabilities$1.4B$1.2B$961.5M$818.8M$956.4M
Shareholders' equity$7.4B$5.0B$3.5B$2.6B$2.3B
Cash and short-term investments$7.2B$5.2B$3.7B$2.6B$2.5B
Total debt$229.3M$239.2M$229.4M$249.4M$260.1M
Operating cash flow$2.1B$1.2B$712.2M$223.7M$333.9M
Capital spending$33.9M$12.6M$15.1M$40.0M$12.6M
Free cash flow$2.1B$1.1B$697.1M$183.7M$321.2M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2018.

Questions and answers

What was Palantir Technologies's revenue in fiscal year 2025?

$4.48 billion, up 56.2% from $2.87 billion in fiscal year 2024.

How much profit does Palantir Technologies make?

Palantir Technologies reported net income of $1.63 billion for fiscal year 2025 (36.3% of revenue); operating income was $1.41 billion.

How much cash and debt does Palantir Technologies have?

At the end of fiscal year 2025: cash and short-term investments of $7.18 billion and total debt of $229.34 million.

What is Palantir Technologies's free cash flow?

$2.10 billion in fiscal year 2025 (operating cash flow of $2.13 billion minus capital spending of $33.88 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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