Palantir Technologies Inc. income statement
In fiscal 2025, Palantir Technologies Inc. reported revenue of $4.48bn, up 56.2% on the year before, operating income of $1.41bn (a 31.6% margin) and net income of $1.63bn, or $0.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 595 | 743 | 1,093 | 1,542 | 1,906 | 2,225 | 2,866 | 4,475 | 7,288 |
| Cost of revenue | 165 | 242 | 353 | 339 | 409 | 431 | 566 | 789 | 1,112 |
| Gross profit | 430 | 500 | 740 | 1,202 | 1,497 | 1,794 | 2,300 | 3,686 | 6,176 |
| Research and development | 285 | 306 | 561 | 387 | 360 | 405 | 508 | 558 | 717 |
| Selling and marketing | 462 | 450 | 684 | 615 | 703 | 745 | 888 | 1,057 | 1,358 |
| General and administrative | 306 | 321 | 669 | 612 | 596 | 524 | 593 | 658 | 776 |
| Operating income | −623 | −576 | −1,174 | −411 | −161 | 120 | 310 | 1,414 | 3,326 |
| Interest expense | 3 | 3 | 14 | 4 | 4 | 3 | — | — | — |
| Income before tax | −571 | −567 | −1,179 | −488 | −361 | 237 | 489 | 1,657 | 3,739 |
| Income tax | 9 | 12 | −13 | 32 | 10 | 20 | 21 | 23 | 51 |
| Net income | −580 | −580 | −1,166 | −520 | −374 | 210 | 462 | 1,625 | 3,669 |
| Diluted EPS | −$0.58 | −$0.51 | −$0.60 | −$0.27 | −$0.18 | $0.09 | $0.19 | $0.63 | $1.43 |
| Diluted shares (average) | 1,088m | 1,154m | 1,959m | 1,924m | 2,064m | 2,298m | 2,451m | 2,565m | 2,572m |
| EBITDA | −610 | −564 | −1,160 | −396 | −139 | 153 | 342 | 1,440 | 3,355 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 828 | 884 | 1,004 | 1,181 | 1,407 | 1,633 | 1,935 | 2,313 |
| Cost of revenue | 175 | 173 | 193 | 207 | 216 | 216 | 297 | 383 |
| Gross profit | 653 | 711 | 811 | 974 | 1,191 | 1,417 | 1,639 | 1,930 |
| Research and development | 172 | 135 | 135 | 144 | 144 | 161 | 193 | 220 |
| Selling and marketing | 288 | 236 | 244 | 275 | 302 | 319 | 340 | 397 |
| General and administrative | 182 | 164 | 163 | 162 | 170 | 183 | 195 | 229 |
| Operating income | 11 | 176 | 269 | 393 | 575 | 754 | 912 | 1,085 |
| Income before tax | 81 | 223 | 332 | 481 | 621 | 889 | 1,081 | 1,148 |
| Income tax | 4 | 6 | 4 | 4 | 10 | 12 | 15 | 14 |
| Net income | 79 | 214 | 327 | 476 | 609 | 871 | 1,062 | 1,128 |
| Diluted EPS | $0.03 | $0.08 | $0.13 | $0.18 | $0.23 | $0.34 | $0.41 | $0.44 |
| EBITDA | 18 | 183 | 275 | 398 | 582 | 761 | 920 | 1,092 |
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