Palantir Technologies Inc. (PLTR) 10-Year Financial Performance & Capital Metrics

PLTR •

TechnologyInfrastructure SoftwareData platforms, integration and analytics

AboutPalantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.Show more

Revenue $4.48B +56.2%
EBITDA $1.44B +321.1%
Net Income $1.63B +251.6%
EPS (Diluted) 0.63 +231.6%
Gross Margin 82.37% +2.6%
EBITDA Margin 32.18% +169.6%
Operating Margin 31.6% +191.7%
Net Margin 36.31% +125.1%
ROE 25.83% +141.9%
ROIC 22.26% +196.1%
Debt/Equity 0.03 -34.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 46.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 32.6%

✗Weaknesses

✗Thin 5Y average net margin of 1.7%
✗Trading more than 30% below 52-week high
✗Expensive at 47.0x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y32.58%

3Y32.92%

TTM56.18%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM251.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM240.27%

ROCE

10Y Avg-25.7%

5Y Avg1.71%

3Y Avg10.68%

Latest21.64%

Peer Comparison

Data platforms, integration and analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	313.39B	137.19	217.76	56.18%	36.31%	21.7%	0.67%	0.03
AVPTAvePoint, Inc.	2.09B	10.78	71.87	26.93%	8.3%	7.27%	3.9%	0.02
CLBTCellebrite DI Ltd.	3.26B	13.34	43.03	18.56%	16.47%	16.17%	4.92%	0.05
TDCTeradata Corporation	2.99B	31.49	27.15	-4.53%	7.82%	56.52%	9.26%	4.33
VERIVeritone, Inc.	200.07M	2.82	-2.88	-7.35%	-42.6%	-260.71%		8.91
DFDVDeFi Development Corp.	96.46M	3.48	-12.47	4.82%	9.33%	28.79%		0.00
CFLTConfluent, Inc.	1.5B	30.67	-35.66	21.08%	-25.31%	-25.26%	4.04%	0.95
CGNTCognyte Software Ltd.	510.89M	7.09	-41.71	11.88%	-1.2%	-2%	6.58%	0.16

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	595.41M	742.55M	1.09B	1.54B	1.91B	2.23B	2.87B	4.48B
Revenue Growth %	-	24.71%	47.15%	41.11%	23.61%	16.75%	28.79%	56.18%
Cost of Goods Sold+	165.4M	242.37M	352.55M	339.4M	408.55M	431.11M	565.99M	789.18M
COGS % of Revenue	27.78%	32.64%	32.26%	22.01%	21.44%	19.38%	19.75%	17.63%
Gross Profit+	430.01M	500.18M	740.13M	1.2B	1.5B	1.79B	2.3B	3.69B
Gross Margin %	72.22%	67.36%	67.74%	77.99%	78.56%	80.62%	80.25%	82.37%
Gross Profit Growth %	-	16.32%	47.97%	62.47%	24.52%	19.81%	28.18%	60.31%
Operating Expenses+	1.05B	1.08B	1.91B	1.61B	1.66B	1.67B	1.99B	2.27B
OpEx % of Revenue	176.93%	144.99%	175.15%	104.65%	87.02%	75.23%	69.42%	50.77%
Selling, General & Admin	768M	771.06M	1.35B	1.23B	1.3B	1.27B	1.48B	1.71B
SG&A % of Revenue	128.99%	103.84%	123.84%	79.52%	68.15%	57.05%	51.69%	38.31%
Research & Development	285.45M	305.56M	560.66M	387.49M	359.68M	404.62M	507.88M	557.68M
R&D % of Revenue	47.94%	41.15%	51.31%	25.13%	18.87%	18.19%	17.72%	12.46%
Other Operating Expenses	0	0	0	0	0	0	0	0
Operating Income+	-623.44M	-576.44M	-1.17B	-411.05M	-161.2M	119.97M	310.4M	1.41B
Operating Margin %	-104.71%	-77.63%	-107.41%	-26.66%	-8.46%	5.39%	10.83%	31.6%
Operating Income Growth %	-	7.54%	-103.61%	64.98%	60.78%	174.42%	158.74%	355.54%
EBITDA+	-609.53M	-564.19M	-1.16B	-396.15M	-138.68M	153.32M	341.99M	1.44B
EBITDA Margin %	-102.37%	-75.98%	-106.14%	-25.69%	-7.28%	6.89%	11.93%	32.18%
EBITDA Growth %	-	7.44%	-105.57%	65.84%	64.99%	210.56%	123.06%	321.11%
D&A (Non-Cash Add-back)	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M	26.14M
EBIT	-567.49M	-564.21M	-1.16B	-484.85M	-161.2M	119.97M	310.4M	1.41B
Net Interest Income+	7.06M	12.03M	-9.46M	-2.03M	16.25M	129.1M	196.79M	229.18M
Interest Income	10.5M	15.09M	4.68M	1.61M	20.31M	132.57M	196.79M	229.18M
Interest Expense	3.44M	3.06M	14.14M	3.64M	4.06M	3.47M	0	0
Other Income/Expense	52.52M	9.17M	-5.35M	-77.45M	-199.83M	117.13M	178.77M	243.35M
Pretax Income+	-570.92M	-567.27M	-1.18B	-488.49M	-361.03M	237.09M	489.17M	1.66B
Pretax Margin %	-95.89%	-76.39%	-107.9%	-31.68%	-18.94%	10.66%	17.07%	37.03%
Income Tax+	9.1M	12.38M	-12.64M	31.89M	10.07M	19.72M	21.25M	22.72M
Effective Tax Rate %	101.59%	102.18%	98.93%	106.53%	103.51%	88.5%	94.48%	98.05%
Net Income+	-580.03M	-579.65M	-1.17B	-520.38M	-373.7M	209.82M	462.19M	1.63B
Net Margin %	-97.42%	-78.06%	-106.75%	-33.75%	-19.61%	9.43%	16.13%	36.31%
Net Income Growth %	-	0.07%	-101.22%	55.39%	28.19%	156.15%	120.27%	251.59%
Net Income (Continuing)	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M	1.63B
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M	100.74M
EPS (Diluted)+	-0.89	-0.82	-1.20	-0.27	-0.18	0.09	0.19	0.63
EPS Growth %	-	7.87%	-46.34%	77.5%	33.33%	150.72%	108.11%	231.58%
EPS (Basic)	-0.84	-0.82	-1.19	-0.27	-0.18	0.10	0.21	0.69
Diluted Shares Outstanding	716.03M	716.03M	979.33M	1.92B	2.06B	2.3B	2.45B	2.57B
Basic Shares Outstanding	713.88M	713.88M	977.72M	1.92B	2.06B	2.15B	2.25B	2.37B
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1.22B	1.21B	2.26B	2.86B	3.04B	4.14B	5.93B	8.36B
Cash & Short-Term Investments	1.12B	1.08B	2.01B	2.52B	2.63B	3.67B	5.23B	7.18B
Cash Only	1.12B	1.08B	2.01B	2.29B	2.6B	831.05M	2.1B	1.42B
Short-Term Investments	0	0	0	234.15M	35.13M	2.84B	3.13B	5.75B
Accounts Receivable	19.19M	50.31M	156.93M	190.92M	258.35M	364.78M	575.05M	1.04B
Days Sales Outstanding	11.76	24.73	52.42	45.2	49.48	59.84	73.25	84.99
Inventory	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	10.48M	52.1M	37.28M	36.63M	149.56M	99.66M	129.25M	139.07M
Total Non-Current Assets+	210.89M	379.87M	433.07M	384.2M	419.66M	383.81M	406.6M	542.22M
Property, Plant & Equipment	30.03M	31.59M	246.62M	248.2M	269.41M	230.62M	240.38M	252.06M
Fixed Asset Turnover	19.82x	23.51x	4.43x	6.21x	7.07x	9.65x	11.92x	17.76x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	25.9M	18.06M	0
Long-Term Investments	17.5M	26.14M	79.54M	0	0	0	0	0
Other Non-Current Assets	163.35M	322.14M	106.92M	136M	150.25M	127.28M	148.16M	290.15M
Total Assets+	1.43B	1.59B	2.69B	3.25B	3.46B	4.52B	6.34B	8.9B
Asset Turnover	0.42x	0.47x	0.41x	0.47x	0.55x	0.49x	0.45x	0.50x
Asset Growth %	-	11.4%	68.79%	20.7%	6.58%	30.66%	40.21%	40.37%
Total Current Liabilities+	531.9M	728.6M	603.82M	660.06M	587.94M	746.02M	996.02M	1.18B
Accounts Payable	27.4M	51.73M	16.36M	74.91M	44.79M	12.12M	103K	8.06M
Days Payables Outstanding	60.46	77.91	16.94	80.56	40.01	10.26	0.07	3.73
Short-Term Debt	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	380.76M	550.24M	399.84M	389.42M	325.34M	456.73M	524.88M	408.96M
Other Current Liabilities	0	0	0	0	0	0	0	712.69M
Current Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x	7.11x
Quick Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x	7.11x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.65B	2.85B	564.13M	296.36M	230.86M	215.44M	250.46M	236.8M
Long-Term Debt	0	396.06M	197.98M	0	0	0	0	0
Capital Lease Obligations	0	0	229.8M	220.15M	204.31M	175.22M	195.23M	183.47M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.37B	2.21B	4.32M	2.3M	12.65M	10.7M	13.69M	7.11M
Total Liabilities	3.18B	3.57B	1.17B	956.42M	818.8M	961.46M	1.25B	1.41B
Total Debt+	0	396.06M	456.86M	260.07M	249.4M	229.39M	239.22M	229.34M
Net Debt	-1.12B	-683.09M	-1.55B	-2.03B	-2.35B	-601.65M	-1.86B	-1.19B
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x	0.03x
Debt / EBITDA	-	-	-	-	-	1.50x	0.70x	0.16x
Net Debt / EBITDA	-	-	-	-	-	-3.92x	-5.44x	-0.83x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-	-
Total Equity+	-1.75B	-1.98B	1.52B	2.29B	2.64B	3.56B	5.09B	7.49B
Equity Growth %	-	-13.09%	176.87%	50.47%	15.34%	34.76%	43.06%	46.98%
Book Value per Share	-2.45	-2.77	1.55	1.19	1.28	1.55	2.08	2.92
Total Shareholders' Equity	-1.75B	-1.98B	1.52B	2.29B	2.57B	3.48B	5B	7.39B
Common Stock	570K	588K	1.79M	2.03M	2.1M	2.2M	2.34M	2.39M
Retained Earnings	-3.23B	-3.8B	-4.97B	-5.49B	-5.86B	-5.65B	-5.19B	-3.56B
Treasury Stock	-148.62M	-38.9M	0	0	0	0	0	0
Accumulated OCI	762K	-703K	-2.75M	-2.35M	-5.33M	801K	-5.61M	13.94M
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M	100.74M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	-39.01M	-165.22M	-296.61M	333.85M	223.74M	712.18M	1.15B	2.13B
Operating CF Margin %	-6.55%	-22.25%	-27.15%	21.65%	11.74%	32.01%	40.27%	47.69%
Operating CF Growth %	-	-323.5%	-79.53%	212.56%	-32.98%	218.31%	62.02%	84.98%
Net Income	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M	1.63B
Depreciation & Amortization	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M	26.14M
Stock-Based Compensation	248.5M	241.97M	1.27B	778.22M	564.8M	475.9M	691.64M	684.03M
Deferred Taxes	0	-7.2M	-20.39M	43.32M	-174K	-4.81M	0	0
Other Non-Cash Items	-23.97M	26.18M	39.33M	109.9M	268.9M	-15.88M	32.82M	-386K
Working Capital Changes	302.57M	141.23M	-433.73M	-92.1M	-261.22M	6.24M	-70.1M	-209.96M
Change in Receivables	-10.48M	-23.91M	-108.48M	-35.24M	-72.82M	-106.16M	-211.16M	-450.43M
Change in Inventory	0	0	0	0	0	0	0	0
Change in Payables	10.97M	23.42M	-34.68M	57.77M	-29.86M	-31.83M	-18.84M	4.66M
Cash from Investing+	-6.78M	-21.96M	-14.92M	-397.91M	-45.43M	-2.71B	-340.65M	-2.78B
Capital Expenditures	-13M	-13.1M	-12.24M	-12.63M	-40.03M	-15.11M	-12.63M	-33.88M
CapEx % of Revenue	2.18%	1.76%	1.12%	0.82%	2.1%	0.68%	0.44%	0.76%
Acquisitions	0	-8.87M	-2.93M	0	66.71M	0	0	0
Investments	-	-	-	-	-	-	-	-
Other Investing	6.22M	0	250K	-3.87M	73K	51.07M	-5.62M	-1M
Cash from Financing+	46.15M	324.53M	1.04B	306.75M	86M	218.84M	463.36M	-26.91M
Debt Issued (Net)	-56.49M	394.41M	-200.63M	-200M	0	0	0	0
Equity Issued (Net)	1000K	-1000K	1000K	0	1000K	1000K	-1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-7.71M	-11.2M	-3.78M	0	0	0	-64.2M	-74.98M
Other Financing	13.87M	-58.68M	298.33M	506.75M	-93K	601K	527.56M	-81.03M
Net Change in Cash	-3.35M	135.13M	726.18M	238.77M	260.42M	-1.78B	1.27B	-682.43M
Free Cash Flow+	-52.02M	-178.31M	-308.84M	321.22M	183.71M	697.07M	1.14B	2.1B
FCF Margin %	-8.74%	-24.01%	-28.27%	20.83%	9.64%	31.33%	39.83%	46.94%
FCF Growth %	-	-242.8%	-73.21%	204.01%	-42.81%	279.44%	63.72%	84.06%
FCF per Share	-0.07	-0.25	-0.32	0.17	0.09	0.30	0.47	0.82
FCF Conversion (FCF/Net Income)	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x	1.31x
Interest Paid	2.44M	2.71M	11.43M	2.77M	0	0	0	0
Taxes Paid	17.1M	8.58M	14.28M	4.13M	2.9M	13.52M	16.18M	0

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-76.61%	-27.29%	-15.15%	6.76%	10.68%	25.83%
Return on Invested Capital (ROIC)	-	-	-	-269.82%	-43.67%	5.53%	7.52%	22.26%
Gross Margin	72.22%	67.36%	67.74%	77.99%	78.56%	80.62%	80.25%	82.37%
Net Margin	-97.42%	-78.06%	-106.75%	-33.75%	-19.61%	9.43%	16.13%	36.31%
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x	0.03x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-	-
FCF Conversion	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x	1.31x
Revenue Growth	-	24.71%	47.15%	41.11%	23.61%	16.75%	28.79%	56.18%

US Stock Screener

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Palantir Technologies Inc. (PLTR) 10-Year Financial Performance & Capital Metrics

PLTR •

TechnologyInfrastructure SoftwareData platforms, integration and analytics

Revenue $4.48B +56.2%
EBITDA $1.44B +321.1%
Net Income $1.63B +251.6%
EPS (Diluted) 0.63 +231.6%
Gross Margin 82.37% +2.6%
EBITDA Margin 32.18% +169.6%
Operating Margin 31.6% +191.7%
Net Margin 36.31% +125.1%
ROE 25.83% +141.9%
ROIC 22.26% +196.1%
Debt/Equity 0.03 -34.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 46.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 32.6%

✗Weaknesses

✗Thin 5Y average net margin of 1.7%
✗Trading more than 30% below 52-week high
✗Expensive at 47.0x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y32.58%

3Y32.92%

TTM56.18%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM251.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM240.27%

ROCE

10Y Avg-25.7%

5Y Avg1.71%

3Y Avg10.68%

Latest21.64%

Peer Comparison

Data platforms, integration and analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	313.39B	137.19	217.76	56.18%	36.31%	21.7%	0.67%	0.03
AVPTAvePoint, Inc.	2.09B	10.78	71.87	26.93%	8.3%	7.27%	3.9%	0.02
CLBTCellebrite DI Ltd.	3.26B	13.34	43.03	18.56%	16.47%	16.17%	4.92%	0.05
TDCTeradata Corporation	2.99B	31.49	27.15	-4.53%	7.82%	56.52%	9.26%	4.33
VERIVeritone, Inc.	200.07M	2.82	-2.88	-7.35%	-42.6%	-260.71%		8.91
DFDVDeFi Development Corp.	96.46M	3.48	-12.47	4.82%	9.33%	28.79%		0.00
CFLTConfluent, Inc.	1.5B	30.67	-35.66	21.08%	-25.31%	-25.26%	4.04%	0.95
CGNTCognyte Software Ltd.	510.89M	7.09	-41.71	11.88%	-1.2%	-2%	6.58%	0.16

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	595.41M	742.55M	1.09B	1.54B	1.91B	2.23B	2.87B	4.48B
Revenue Growth %	-	24.71%	47.15%	41.11%	23.61%	16.75%	28.79%	56.18%
Cost of Goods Sold+	165.4M	242.37M	352.55M	339.4M	408.55M	431.11M	565.99M	789.18M
COGS % of Revenue	27.78%	32.64%	32.26%	22.01%	21.44%	19.38%	19.75%	17.63%
Gross Profit+	430.01M	500.18M	740.13M	1.2B	1.5B	1.79B	2.3B	3.69B
Gross Margin %	72.22%	67.36%	67.74%	77.99%	78.56%	80.62%	80.25%	82.37%
Gross Profit Growth %	-	16.32%	47.97%	62.47%	24.52%	19.81%	28.18%	60.31%
Operating Expenses+	1.05B	1.08B	1.91B	1.61B	1.66B	1.67B	1.99B	2.27B
OpEx % of Revenue	176.93%	144.99%	175.15%	104.65%	87.02%	75.23%	69.42%	50.77%
Selling, General & Admin	768M	771.06M	1.35B	1.23B	1.3B	1.27B	1.48B	1.71B
SG&A % of Revenue	128.99%	103.84%	123.84%	79.52%	68.15%	57.05%	51.69%	38.31%
Research & Development	285.45M	305.56M	560.66M	387.49M	359.68M	404.62M	507.88M	557.68M
R&D % of Revenue	47.94%	41.15%	51.31%	25.13%	18.87%	18.19%	17.72%	12.46%
Other Operating Expenses	0	0	0	0	0	0	0	0
Operating Income+	-623.44M	-576.44M	-1.17B	-411.05M	-161.2M	119.97M	310.4M	1.41B
Operating Margin %	-104.71%	-77.63%	-107.41%	-26.66%	-8.46%	5.39%	10.83%	31.6%
Operating Income Growth %	-	7.54%	-103.61%	64.98%	60.78%	174.42%	158.74%	355.54%
EBITDA+	-609.53M	-564.19M	-1.16B	-396.15M	-138.68M	153.32M	341.99M	1.44B
EBITDA Margin %	-102.37%	-75.98%	-106.14%	-25.69%	-7.28%	6.89%	11.93%	32.18%
EBITDA Growth %	-	7.44%	-105.57%	65.84%	64.99%	210.56%	123.06%	321.11%
D&A (Non-Cash Add-back)	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M	26.14M
EBIT	-567.49M	-564.21M	-1.16B	-484.85M	-161.2M	119.97M	310.4M	1.41B
Net Interest Income+	7.06M	12.03M	-9.46M	-2.03M	16.25M	129.1M	196.79M	229.18M
Interest Income	10.5M	15.09M	4.68M	1.61M	20.31M	132.57M	196.79M	229.18M
Interest Expense	3.44M	3.06M	14.14M	3.64M	4.06M	3.47M	0	0
Other Income/Expense	52.52M	9.17M	-5.35M	-77.45M	-199.83M	117.13M	178.77M	243.35M
Pretax Income+	-570.92M	-567.27M	-1.18B	-488.49M	-361.03M	237.09M	489.17M	1.66B
Pretax Margin %	-95.89%	-76.39%	-107.9%	-31.68%	-18.94%	10.66%	17.07%	37.03%
Income Tax+	9.1M	12.38M	-12.64M	31.89M	10.07M	19.72M	21.25M	22.72M
Effective Tax Rate %	101.59%	102.18%	98.93%	106.53%	103.51%	88.5%	94.48%	98.05%
Net Income+	-580.03M	-579.65M	-1.17B	-520.38M	-373.7M	209.82M	462.19M	1.63B
Net Margin %	-97.42%	-78.06%	-106.75%	-33.75%	-19.61%	9.43%	16.13%	36.31%
Net Income Growth %	-	0.07%	-101.22%	55.39%	28.19%	156.15%	120.27%	251.59%
Net Income (Continuing)	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M	1.63B
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M	100.74M
EPS (Diluted)+	-0.89	-0.82	-1.20	-0.27	-0.18	0.09	0.19	0.63
EPS Growth %	-	7.87%	-46.34%	77.5%	33.33%	150.72%	108.11%	231.58%
EPS (Basic)	-0.84	-0.82	-1.19	-0.27	-0.18	0.10	0.21	0.69
Diluted Shares Outstanding	716.03M	716.03M	979.33M	1.92B	2.06B	2.3B	2.45B	2.57B
Basic Shares Outstanding	713.88M	713.88M	977.72M	1.92B	2.06B	2.15B	2.25B	2.37B
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1.22B	1.21B	2.26B	2.86B	3.04B	4.14B	5.93B	8.36B
Cash & Short-Term Investments	1.12B	1.08B	2.01B	2.52B	2.63B	3.67B	5.23B	7.18B
Cash Only	1.12B	1.08B	2.01B	2.29B	2.6B	831.05M	2.1B	1.42B
Short-Term Investments	0	0	0	234.15M	35.13M	2.84B	3.13B	5.75B
Accounts Receivable	19.19M	50.31M	156.93M	190.92M	258.35M	364.78M	575.05M	1.04B
Days Sales Outstanding	11.76	24.73	52.42	45.2	49.48	59.84	73.25	84.99
Inventory	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	10.48M	52.1M	37.28M	36.63M	149.56M	99.66M	129.25M	139.07M
Total Non-Current Assets+	210.89M	379.87M	433.07M	384.2M	419.66M	383.81M	406.6M	542.22M
Property, Plant & Equipment	30.03M	31.59M	246.62M	248.2M	269.41M	230.62M	240.38M	252.06M
Fixed Asset Turnover	19.82x	23.51x	4.43x	6.21x	7.07x	9.65x	11.92x	17.76x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	25.9M	18.06M	0
Long-Term Investments	17.5M	26.14M	79.54M	0	0	0	0	0
Other Non-Current Assets	163.35M	322.14M	106.92M	136M	150.25M	127.28M	148.16M	290.15M
Total Assets+	1.43B	1.59B	2.69B	3.25B	3.46B	4.52B	6.34B	8.9B
Asset Turnover	0.42x	0.47x	0.41x	0.47x	0.55x	0.49x	0.45x	0.50x
Asset Growth %	-	11.4%	68.79%	20.7%	6.58%	30.66%	40.21%	40.37%
Total Current Liabilities+	531.9M	728.6M	603.82M	660.06M	587.94M	746.02M	996.02M	1.18B
Accounts Payable	27.4M	51.73M	16.36M	74.91M	44.79M	12.12M	103K	8.06M
Days Payables Outstanding	60.46	77.91	16.94	80.56	40.01	10.26	0.07	3.73
Short-Term Debt	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	380.76M	550.24M	399.84M	389.42M	325.34M	456.73M	524.88M	408.96M
Other Current Liabilities	0	0	0	0	0	0	0	712.69M
Current Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x	7.11x
Quick Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x	7.11x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.65B	2.85B	564.13M	296.36M	230.86M	215.44M	250.46M	236.8M
Long-Term Debt	0	396.06M	197.98M	0	0	0	0	0
Capital Lease Obligations	0	0	229.8M	220.15M	204.31M	175.22M	195.23M	183.47M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.37B	2.21B	4.32M	2.3M	12.65M	10.7M	13.69M	7.11M
Total Liabilities	3.18B	3.57B	1.17B	956.42M	818.8M	961.46M	1.25B	1.41B
Total Debt+	0	396.06M	456.86M	260.07M	249.4M	229.39M	239.22M	229.34M
Net Debt	-1.12B	-683.09M	-1.55B	-2.03B	-2.35B	-601.65M	-1.86B	-1.19B
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x	0.03x
Debt / EBITDA	-	-	-	-	-	1.50x	0.70x	0.16x
Net Debt / EBITDA	-	-	-	-	-	-3.92x	-5.44x	-0.83x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-	-
Total Equity+	-1.75B	-1.98B	1.52B	2.29B	2.64B	3.56B	5.09B	7.49B
Equity Growth %	-	-13.09%	176.87%	50.47%	15.34%	34.76%	43.06%	46.98%
Book Value per Share	-2.45	-2.77	1.55	1.19	1.28	1.55	2.08	2.92
Total Shareholders' Equity	-1.75B	-1.98B	1.52B	2.29B	2.57B	3.48B	5B	7.39B
Common Stock	570K	588K	1.79M	2.03M	2.1M	2.2M	2.34M	2.39M
Retained Earnings	-3.23B	-3.8B	-4.97B	-5.49B	-5.86B	-5.65B	-5.19B	-3.56B
Treasury Stock	-148.62M	-38.9M	0	0	0	0	0	0
Accumulated OCI	762K	-703K	-2.75M	-2.35M	-5.33M	801K	-5.61M	13.94M
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M	100.74M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	-39.01M	-165.22M	-296.61M	333.85M	223.74M	712.18M	1.15B	2.13B
Operating CF Margin %	-6.55%	-22.25%	-27.15%	21.65%	11.74%	32.01%	40.27%	47.69%
Operating CF Growth %	-	-323.5%	-79.53%	212.56%	-32.98%	218.31%	62.02%	84.98%
Net Income	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M	1.63B
Depreciation & Amortization	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M	26.14M
Stock-Based Compensation	248.5M	241.97M	1.27B	778.22M	564.8M	475.9M	691.64M	684.03M
Deferred Taxes	0	-7.2M	-20.39M	43.32M	-174K	-4.81M	0	0
Other Non-Cash Items	-23.97M	26.18M	39.33M	109.9M	268.9M	-15.88M	32.82M	-386K
Working Capital Changes	302.57M	141.23M	-433.73M	-92.1M	-261.22M	6.24M	-70.1M	-209.96M
Change in Receivables	-10.48M	-23.91M	-108.48M	-35.24M	-72.82M	-106.16M	-211.16M	-450.43M
Change in Inventory	0	0	0	0	0	0	0	0
Change in Payables	10.97M	23.42M	-34.68M	57.77M	-29.86M	-31.83M	-18.84M	4.66M
Cash from Investing+	-6.78M	-21.96M	-14.92M	-397.91M	-45.43M	-2.71B	-340.65M	-2.78B
Capital Expenditures	-13M	-13.1M	-12.24M	-12.63M	-40.03M	-15.11M	-12.63M	-33.88M
CapEx % of Revenue	2.18%	1.76%	1.12%	0.82%	2.1%	0.68%	0.44%	0.76%
Acquisitions	0	-8.87M	-2.93M	0	66.71M	0	0	0
Investments	-	-	-	-	-	-	-	-
Other Investing	6.22M	0	250K	-3.87M	73K	51.07M	-5.62M	-1M
Cash from Financing+	46.15M	324.53M	1.04B	306.75M	86M	218.84M	463.36M	-26.91M
Debt Issued (Net)	-56.49M	394.41M	-200.63M	-200M	0	0	0	0
Equity Issued (Net)	1000K	-1000K	1000K	0	1000K	1000K	-1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-7.71M	-11.2M	-3.78M	0	0	0	-64.2M	-74.98M
Other Financing	13.87M	-58.68M	298.33M	506.75M	-93K	601K	527.56M	-81.03M
Net Change in Cash	-3.35M	135.13M	726.18M	238.77M	260.42M	-1.78B	1.27B	-682.43M
Free Cash Flow+	-52.02M	-178.31M	-308.84M	321.22M	183.71M	697.07M	1.14B	2.1B
FCF Margin %	-8.74%	-24.01%	-28.27%	20.83%	9.64%	31.33%	39.83%	46.94%
FCF Growth %	-	-242.8%	-73.21%	204.01%	-42.81%	279.44%	63.72%	84.06%
FCF per Share	-0.07	-0.25	-0.32	0.17	0.09	0.30	0.47	0.82
FCF Conversion (FCF/Net Income)	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x	1.31x
Interest Paid	2.44M	2.71M	11.43M	2.77M	0	0	0	0
Taxes Paid	17.1M	8.58M	14.28M	4.13M	2.9M	13.52M	16.18M	0

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-76.61%	-27.29%	-15.15%	6.76%	10.68%	25.83%
Return on Invested Capital (ROIC)	-	-	-	-269.82%	-43.67%	5.53%	7.52%	22.26%
Gross Margin	72.22%	67.36%	67.74%	77.99%	78.56%	80.62%	80.25%	82.37%
Net Margin	-97.42%	-78.06%	-106.75%	-33.75%	-19.61%	9.43%	16.13%	36.31%
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x	0.03x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-	-
FCF Conversion	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x	1.31x
Revenue Growth	-	24.71%	47.15%	41.11%	23.61%	16.75%	28.79%	56.18%

Palantir Technologies Inc. (PLTR) 10-Year Financial Performance & Capital Metrics

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Palantir Technologies Inc. (PLTR) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare PLTR vs Peers

vs MDB

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