Palantir Technologies Inc. (PLTR) fundamental analysis

From the Sep 26, 2026 report · Read the full report

Annual income statement

Fiscal year	Revenue	Growth	Gross margin	Operating margin	Net margin	Free cash flow	Diluted EPS
Dec 31, 2025	4.48B	56.2%	82.4%	31.6%	36.3%	2.1B	0.63
Dec 31, 2024	2.87B	28.8%	80.2%	10.8%	16.1%	1.14B	0.19
Dec 31, 2023	2.23B	16.7%	80.6%	5.4%	9.4%	697.07M	0.09
Dec 31, 2022	1.91B	—	78.6%	-8.5%	-19.6%	183.71M	-0.18

Balance sheet

Jun 30, 2026

Cash and short-term investments: 9.41B
Total debt: 211.4M
Shareholders' equity: 9.77B

Against its sector

	PLTR	Sector median
Forward P/E	80.7	18.5
Net margin	49.0%	34.0%
Revenue growth	92.8%	39.8%
ROE	38.1%	42.7%
Debt / equity	2.1	44.4

From the Sep 26, 2026 report

PLTR demonstrates exceptional financial health with 37.6% YoY revenue growth (Q2 2026), significantly outpacing the sector average of 22.1%. Gross margin improved to 84.7% (up 230bps YoY), with operating margin at 47.1% (up 400bps YoY). The company maintains a 38.1% ROE, outperforming 97% of tech peers. Current ratio of 7.23 and $2.06 billion cash position provide strong liquidity, with debt-to-equity at 2.14 (negligible debt relative to equity). Free cash flow grew 57.7% YoY to $1.2 billion, with FCF margin at 62.1% (vs. industry average of 24.3%). The company's 92% client retention rate exceeds the sector average of 85%, indicating strong product stickiness.

Frequently asked questions

How fast is PLTR revenue growing?

Palantir Technologies Inc. reported revenue of 4.48B in the fiscal year ended Dec 31, 2025, 56.2% more than the year before.

Data as of Sep 29, 2026. Sources: Yahoo Finance (prices, financial statements and analysts' estimates) and the U.S. Treasury (10-year yield). Indicators and valuation are computed without AI.

AI-generated informational content. Not financial advice or a personalised investment recommendation. Investing involves risk, including loss of capital.

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