Palantir Technologies Inc. earnings

Palantir reported FY2026 second-quarter revenue of $1.94 billion, up 92.8% from $1.00 billion in the prior-year quarter, and year-to-date revenue of $3.57 billion, up 89.0% from $1.89 billion. Margins expanded.

Palantir's first quarter of fiscal 2026 showed sharp acceleration on the top line. Revenue rose 85% year over year to $1.63 billion. Gross profit was $1.42 billion, and gross margin was 86.8%. Operating income was $754.00 million, and operating margin was 46.2%.

Palantir closed FY2025 with fourth-quarter revenue of $1.41 billion, up 70% from the prior-year quarter. Gross profit reached $1.19 billion, up 82.4%, and gross margin was 84.6%, up 5.7 percentage points. Operating income was $575.39 million, up 5110.5%, with an operating margin of 40.9%, up 39.6 percentage points.

Palantir Technologies reported FY2025 Q3 revenue of $1.18 billion, up 62.8% from the prior-year quarter. The U.S. business drove the upside. U.S. revenue grew 77% year-over-year and 20% quarter-over-quarter. U.S. commercial revenue grew 121% year-over-year and 29% quarter-over-quarter. U.S.

Palantir's FY2025 second quarter showed broad acceleration across revenue, profit, and cash generation. Revenue was $1.00 billion for the quarter, up 48.0% from the prior-year quarter. Year-to-date revenue was $1.89 billion, up 43.8% from the first six months of 2024.

Palantir Technologies reported first quarter fiscal 2025 revenue of $883.86 million, up 39.3% from $634.34 million in the prior-year quarter. Gross profit rose 37.2% to $710.88 million from $518.08 million. Gross margin slipped to 80.4% from 81.7%, a decline of 1.2 percentage points.

Palantir ended FY2024 Q4 with revenue of $827.5 million, up 36% from the prior-year quarter. Full-year revenue reached $2.87 billion, up 28.8% from FY2023. The quarter's operating highlights leaned on large customer deals and U.S. commercial momentum.

Palantir's third quarter of fiscal 2024 showed strong top-line growth. Revenue came in at $725.5 million, up 30% from the prior-year quarter. U.S. revenue grew 44% year over year. U.S. commercial revenue grew 54% year over year, and U.S. government revenue grew 40% year over year.

Palantir's second quarter of fiscal 2024 showed strong commercial traction. Total revenue reached $678.1 million in the quarter, up 27.2% from the prior-year quarter. US commercial customer count rose 83% year over year and 13% quarter over quarter to 295 customers.

Palantir's fiscal 2024 first quarter produced revenue of $634.3 million, up 20.8% from the year-earlier quarter and 4% higher than the fourth quarter. Gross profit of $518.1 million rose 24.1%, and gross margin reached 81.7%, up 2.2 percentage points.

Palantir closed fiscal 2023 with a fifth consecutive quarter of GAAP profitability. Fourth-quarter revenue was $608.35 million, up 19.6% from the prior-year quarter. Gross profit reached $499.71 million, up 23.6%, and the gross margin was 82.1%, up 2.7 percentage points.

Palantir reported third quarter 2023 results with revenue of $558.16 million, up 16.8% from the prior-year quarter. Year-to-date revenue reached $1.62 billion, up 15.7%. Gross profit was $450.24 million, up 21.6%, and gross margin was 80.7%, up 3.2 percentage points.

Palantir's fiscal 2023 second quarter showed steady top-line growth and a swing to GAAP profitability. Revenue rose 13% year over year to $533.3 million. Gross profit was $426.4 million, up 15.0%, and gross margin reached 80.0%, up 1.6 percentage points.

Palantir's first quarter of 2023 marked a turn toward profitability. Revenue rose 17.7% from the prior-year quarter to $525.2 million. Gross profit rose 18.6% to $417.5 million, and gross margin rose 0.7 percentage points to 79.5%.

Palantir's fourth quarter of fiscal 2022 produced the company's first quarter of positive GAAP net income, a shift that came with modest top-line growth. Revenue was $508.6 million for the quarter, up 17.5% year over year. Full-year revenue reached $1.91 billion, up 23.6%.

Palantir Technologies reported third quarter fiscal 2022 revenue of $477.9 million, up 21.9% from the prior-year quarter. Remaining performance obligations rose to $1.30 billion, up 48.8% from $873.9 million a year earlier. Deferred revenue was $460.8 million, down 9.7% from $510.3 million.

Palantir's second quarter revenue rose 25.9% to $473.0 million from $375.6 million in the prior-year quarter. Gross profit climbed 30.2% to $370.8 million, and gross margin widened to 78.4% from 75.8%. The mix tilted toward commercial customers, where revenue grew 46%, while government revenue grew 13%.

Palantir's first quarter of 2022 delivered strong top-line growth but still ended with GAAP losses. Revenue rose 31% year over year to $446.4 million. Gross profit increased 31.8% to $351.95 million, and gross margin edged up 0.6 percentage points to 78.9%.

Palantir's FY2021 Q4 revenue reached $432.87 million, up 34.4% from the prior-year quarter. Commercial revenue rose 47% and government revenue rose 26%. US commercial revenue jumped 132%. The company added 34 net new customers in the quarter.

Palantir's third quarter of fiscal 2021 showed strong top-line momentum but still left GAAP losses on the table. Revenue rose 35.5% year over year to $392.1 million. For the nine months, revenue increased 43.9% to $1.1 billion.

Palantir's second quarter revenue rose 49.1% year over year to $375.6 million, up from $251.9 million in the prior-year quarter. Gross profit rose 55.2% to $284.7 million, and gross margin reached 75.8%, which is 3.0 percentage points better than a year earlier. The first half followed a similar path.

Palantir Technologies reported first quarter 2021 revenue of $341.2 million, up 49% from the prior-year quarter. Gross profit rose 61.9% to $267.1 million, and gross margin reached 78.3%, up 6.3 percentage points. The top line still arrived with a heavy GAAP loss.