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Palantir Technologies Inc. cash flow statement

In fiscal 2025, Palantir Technologies Inc.'s operations generated $2.13bn of cash; it spent $33.9m on capital projects, leaving free cash flow of $2.10bn. It returned $75.0m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations−39−165−2973342247121,1542,1344,097
Depreciation and amortisation141214152333322629
Stock-based pay2492421,271778565476692684982
Capital spending131312134015133443
Free cash flow−52−178−3093211846971,1412,1014,054
Free cash flow after stock pay−301−420−1,580−457−3812214501,4173,072
Share buybacks81140006475—
Shares issued9654419900————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Palantir Technologies Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Palantir Technologies Inc.