Palantir Technologies Inc.
PLTR· Nasdaq· Services-Prepackaged Software
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 46.9%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +32.6%
We record prices for the companies we cover; PLTR is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 2.57B
- Revenue
- $4.5B
- Free cash flow
- $2.1B
- Owner earnings
- $1.4B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 82.4%
- Operating
- 31.6%
- Net
- 36.3%
- Free cash flow
- 46.9%
- Owner earnings
- 31.7%
- Stock pay
- 15.3%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 22.0%
- ROE, 5 yr avg
- 0.0%
Growth (CAGR)
- Revenue, 3 yr
- 32.9%
- Revenue, 5 yr
- 32.6%
- Revenue, 7 yr
- 33.4%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 7 yr
- –
- Free cash flow, 3 yr
- 125.3%
- Free cash flow, 5 yr
- –
- Free cash flow, 7 yr
- –
Financial health · FY2025
- Cash and investments
- $7.2B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 21.2%
Financials: ten years from the 10-Ks
Revenue
$4.5B
+33.4% a year over 7 years
FY2018FY2025
Margins
Gross82.4%Operating31.6%Net36.3%
FY2025
FY2018FY2025
Free cash flow and owner earnings
Free cash flow$2.1BOwner earnings$1.4B
FY2025
FY2018FY2025
Diluted shares
2.57B
+371.5% over 7 years, net dilution
FY2018FY2025
Net cash
–
$2.5B more cash than debt
FY2018FY2025
Every figure, year by year
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| The business | ||||||||
| Revenue | $595.4M | $742.6M | $1.1B | $1.5B | $1.9B | $2.2B | $2.9B | $4.5B |
| Revenue growth | – | 24.7% | 47.2% | 41.1% | 23.6% | 16.7% | 28.8% | 56.2% |
| Gross margin | 72.2% | 67.4% | 67.7% | 78.0% | 78.6% | 80.6% | 80.2% | 82.4% |
| Operating margin | -104.7% | -77.6% | -107.4% | -26.7% | -8.5% | 5.4% | 10.8% | 31.6% |
| Net income | -$580.0M | -$579.6M | -$1.2B | -$520.4M | -$373.7M | $209.8M | $462.2M | $1.6B |
| Net margin | -97.4% | -78.1% | -106.7% | -33.7% | -19.6% | 9.4% | 16.1% | 36.3% |
| Diluted EPS | $-1.17 | $-1.02 | $-1.20 | $-0.27 | $-0.18 | $0.09 | $0.19 | $0.63 |
| Return on invested capital? | – | – | – | – | – | – | – | – |
| Cash | ||||||||
| Operating cash flow | -$39.0M | -$165.2M | -$296.6M | $333.9M | $223.7M | $712.2M | $1.2B | $2.1B |
| Capital expenditure | $13.0M | $13.1M | $12.2M | $12.6M | $40.0M | $15.1M | $12.6M | $33.9M |
| Free cash flow | -$52.0M | -$178.3M | -$308.8M | $321.2M | $183.7M | $697.1M | $1.1B | $2.1B |
| Stock-based compensation | $248.5M | $242.0M | $1.3B | $778.2M | $564.8M | $475.9M | $691.6M | $684.0M |
| Owner earnings? | -$300.5M | -$420.3M | -$1.6B | -$457.0M | -$381.1M | $221.2M | $449.6M | $1.4B |
| Free cash flow per share | $-0.10 | $-0.31 | $-0.32 | $0.17 | $0.09 | $0.30 | $0.47 | $0.82 |
| Capital allocation | ||||||||
| Dividends paid | – | – | – | – | – | – | – | – |
| Share repurchases | $7.7M | $11.2M | $3.8M | $0 | $0 | $0 | $64.2M | $75.0M |
| Diluted shares | 544.0M | 577.0M | 979.3M | 1.92B | 2.06B | 2.30B | 2.45B | 2.57B |
| Share count change? | – | 6.1% | 69.7% | 96.4% | 7.3% | 11.3% | 6.7% | 4.7% |
| Balance sheet | ||||||||
| Cash and equivalents | $1.1B | $1.1B | $2.0B | $2.3B | $2.6B | $831.0M | $2.1B | $1.4B |
| Short-term investments | – | – | – | $234.2M | $35.1M | $2.8B | $3.1B | $5.8B |
| Total debt | – | $396.1M | $198.0M | $0 | – | – | – | – |
| Net debt | – | -$683.1M | -$1.8B | -$2.5B | – | – | – | – |
| Shareholders' equity | -$1.8B | -$2.0B | $1.5B | $2.3B | $2.6B | $3.5B | $5.0B | $7.4B |
Latest filings
| 2026-08-04 | 10-Q | Quarterly report |
| 2026-08-03 | 8-K | Earnings release |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-05-04 | 8-K | Earnings release |
| 2026-04-24 | DEF 14A | Proxy statement |
| 2026-02-17 | 10-K | Annual report |
| 2026-02-02 | 8-K | Earnings release |
| 2025-11-04 | 10-Q | Quarterly report |
| 2025-11-03 | 8-K | Earnings release |
| 2025-08-05 | 10-Q | Quarterly report |
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