Palantir Technologies Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.5B | $2.9B | $2.2B | $1.9B | $1.5B |
| Cost of revenue | $789.2M | $566.0M | $431.1M | $408.5M | $339.4M |
| Gross profit | $3.7B | $2.3B | $1.8B | $1.5B | $1.2B |
| Research and development | $557.7M | $507.9M | $404.6M | $359.7M | $387.5M |
| Operating expenses | $2.3B | $2.0B | $1.7B | $1.7B | $1.6B |
| Operating income | $1.4B | $310.4M | $120.0M | -$161.2M | -$411.0M |
| Interest expense | — | — | $3.5M | $4.1M | $3.6M |
| Pretax income | $1.7B | $489.2M | $237.1M | -$361.0M | -$488.5M |
| Income tax expense | $22.7M | $21.3M | $19.7M | $10.1M | $31.9M |
| Net income | $1.6B | $462.2M | $209.8M | -$373.7M | -$520.4M |
| Balance Sheet | |||||
| Cash and equivalents | $1.4B | $2.1B | $831.0M | $2.6B | $2.3B |
| Current assets | $8.4B | $5.9B | $4.1B | $3.0B | $2.9B |
| Total assets | $8.9B | $6.3B | $4.5B | $3.5B | $3.2B |
| Current liabilities | $1.2B | $996.0M | $746.0M | $587.9M | $660.1M |
| Total liabilities | $1.4B | $1.2B | $961.5M | $818.8M | $956.4M |
| Stockholders' equity | $7.4B | $5.0B | $3.5B | $2.6B | $2.3B |
| Cash Flow Statement | |||||
| Cash from operations | $2.1B | $1.2B | $712.2M | $223.7M | $333.9M |
| Depreciation and amortization | $26.1M | $31.6M | $33.4M | $22.5M | $14.9M |
| Stock-based compensation | $684.0M | $691.6M | $475.9M | $564.8M | $778.2M |
| Capital expenditure | $33.9M | $12.6M | $15.1M | $40.0M | $12.6M |
| Free cash flow | $2.1B | $1.1B | $697.1M | $183.7M | $321.2M |
| Share repurchases | $75.0M | $64.2M | $0 | $0 | $0 |
| Impairments | — | — | — | — | $0 |
Shares outstanding 2.4B · Free float 93.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.