Growth & profitability
- Revenue has grown 32.6% per year over the past 5 years.
- Operating margin has expanded, at 31.6% in the latest year.
PLTR Financials Palantir Technologies
8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $4.5B | $1.6B | 82.4% | 31.6% | 22.0% | 18.3% | $2.1B | — | $1.4B |
| 2024 | $2.9B | $462M | 80.2% | 10.8% | 9.2% | 7.3% | $1.1B | — | $2.1B |
| 2023 | $2.2B | $210M | 80.6% | 5.4% | 6.0% | 4.6% | $697M | — | $831M |
| 2022 | $1.9B | -$374M | 78.6% | -8.5% | -14.6% | -10.8% | $184M | — | $2.6B |
| 2021 | $1.5B | -$520M | 78.0% | -26.7% | -22.7% | -16.0% | $321M | $0 | $2.3B |
| 2020 | $1.1B | -$1.2B | 67.7% | -107.4% | -76.6% | -43.4% | -$309M | $198M | $2.0B |
| 2019 | $743M | -$580M | 67.4% | -77.6% | 29.3% | -36.4% | -$178M | $396M | $1.1B |
| 2018 | $595M | -$580M | 72.2% | -104.7% | 33.1% | — | -$52M | — | $1.1B |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $1.9B | $1.1B | 84.7% | 47.1% | 10.9% | 9.1% | $1.2B | — | $2.0B |
| Mar '26 | $1.6B | $871M | 86.8% | 46.2% | 10.3% | 8.5% | $892M | — | $2.3B |
| Dec '25 | $1.4B | $609M | 84.6% | 40.9% | 8.2% | 6.8% | $764M | — | $1.4B |
| Sep '25 | $1.2B | $476M | 82.4% | 33.3% | 7.2% | 5.9% | $501M | — | $1.6B |
| Jun '25 | $1.0B | $327M | 80.8% | 26.8% | 5.5% | 4.4% | $532M | — | $930M |
| Mar '25 | $884M | $214M | 80.4% | 19.9% | 3.9% | 3.2% | $304M | — | $993M |
| Dec '24 | $828M | $79M | 78.9% | 1.3% | 1.6% | 1.2% | $457M | — | $2.1B |
| Sep '24 | $726M | $144M | 79.8% | 15.6% | 3.2% | 2.5% | $416M | — | $769M |
| Jun '24 | $678M | $134M | 81.0% | 15.5% | 3.3% | 2.6% | $141M | — | $513M |
| Mar '24 | $634M | $106M | 81.7% | 12.8% | 2.8% | 2.2% | $127M | — | $520M |
| Dec '23 | $608M | $93M | 82.1% | 10.8% | 2.7% | 2.1% | $296M | — | $831M |
| Sep '23 | $558M | $72M | 80.7% | 7.2% | 2.2% | 1.7% | $132M | — | $1.0B |
| Jun '23 | $533M | $28M | 80.0% | 1.9% | 1.0% | 0.7% | $86M | — | $1.1B |
| Mar '23 | $525M | $17M | 79.5% | 0.8% | 0.6% | 0.5% | $183M | — | $1.3B |
| Dec '22 | $509M | $31M | 79.5% | -3.5% | 1.2% | 0.9% | $74M | — | $2.6B |
| Sep '22 | $478M | -$124M | 77.5% | -13.0% | -5.2% | -3.7% | $33M | — | $2.4B |
| Jun '22 | $473M | -$179M | 78.4% | -8.8% | -7.6% | -5.5% | $57M | — | $2.4B |
| Mar '22 | $446M | -$101M | 78.9% | -8.8% | -4.3% | -3.1% | $20M | — | $2.3B |
| Dec '21 | $433M | -$156M | 79.8% | -13.6% | -6.8% | -4.8% | $88M | $0 | $2.3B |
| Sep '21 | $392M | -$102M | 77.9% | -23.4% | -4.5% | -3.2% | $95M | — | $2.3B |
Valuation over time
How the market has priced PLTR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 185.7× (Jan '24) to 269.7× (Sep '26).
- The price-to-sales ratio has risen from 10.6× (Mar '23) to 97.9× (Sep '26).
P/E
P/S
Frequently asked questions
Is PLTR growing its revenue and profit?
Over the past 5 years, Palantir Technologies's revenue has grown 32.6% per year. These are computed facts, not advice.
How much debt does PLTR have?
As of FY2025, Palantir Technologies reported — of total debt against $1.4B of cash.
What is PLTR's profit margin?
In FY2025, gross margin was 82.4%, operating margin 31.6%, and net margin 36.3%.
What is PLTR's P/E ratio?
As of Sep '26, Palantir Technologies traded at a price-to-earnings ratio of about 269.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.