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Palantir PLTR

$193.37
+$1.58 (+0.82%)
Market open · Sep 24, 1:10 pm ET
After hours $191.10 -0.36%
Open$189.29
Prev close$191.79
Day range$188.24 – $194.68
Volume14.47M
Market cap$464.68B
P/E (TTM)165.3
Dividend yield

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$1.94B+92.8% YoY
Operating profit$912.00M+238.6% YoY
Net profit$1.07B+224.4% YoY
Diluted EPS$0.41+215.4% YoY
Free cash flow$1.20B+126.0% YoY
Operating cash flow$1.22B

Revenue, last 8 quarters

$725.5MSep '24$827.5MDec '24$883.9MMar '25$1.0BJun '25$1.2BSep '25$1.4BDec '25$1.6BMar '26$1.9BJun '26

Net profit, last 8 quarters

$149.3MSep '24$76.9MDec '24$217.7MMar '25$328.6MJun '25$476.7MSep '25$611.6MDec '25$876.4MMar '26$1.1BJun '26

Diluted EPS by quarter

0.06Sep '240.03Dec '240.08Mar '250.13Jun '250.18Sep '250.24Dec '250.34Mar '260.41Jun '26

Free cash flow by quarter

$415.8MSep '24$457.2MDec '24$304.1MMar '25$531.6MJun '25$500.9MSep '25$764.0MDec '25$891.8MMar '26$1.2BJun '26

Annual revenue

$1.1BFY20$1.5BFY21$1.9BFY22$2.2BFY23$2.9BFY24$4.5BFY25

Profitability & balance sheet

Gross margin84.8%
Operating margin42.8%
Net margin49.0%
Return on equity38.4%
Return on assets31.7%
Return on invested capital34.2%
Current ratio7.23
Liabilities / assets15.4%
Cash & investments$9.41B
Total debt$211.40M
Net cash (debt)$9.20B
Free cash flow / sales54.6%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Government$990.03M 51.2%
  • Commercial$945.43M 48.8%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $1.94B $1.63B $4.48B $1.41B $1.18B
Total Operating Revenue $1.94B $1.63B $4.48B $1.41B $1.18B
Cost of Revenue $296.87M $215.80M $789.18M $215.97M $207.31M
Gross Profit $1.64B $1.42B $3.69B $1.19B $973.79M
Operating Expense $726.59M $662.79M $2.27B $615.44M $580.53M
Selling and Admin Expenses $534.08M $501.81M $1.71B $471.89M $436.34M
-Selling & Marketing Expense $339.50M $319.22M $1.06B $302.13M $274.64M
-General & Admin Expense $194.58M $182.59M $657.72M $169.76M $161.70M
Research & Development $192.51M $160.98M $557.68M $143.55M $144.19M
Operating Profit $912.00M $754.00M $1.41B $575.39M $393.26M
Net Non-Operating Interest Income (Expense) $77.51M $66.39M $229.18M $62.72M $59.76M
Non-Operating Interest Income $77.51M $66.39M $229.18M $62.72M $59.76M
Other Income (Expense) $91.84M $68.21M $14.17M -$16.73M $27.48M
Other Non-Operating Income (Expenses) $91.84M $68.21M $14.17M -$16.73M $27.48M
Pretax Profit $1.08B $888.60M $1.66B $621.38M $480.50M
Tax $15.38M $12.20M $22.72M $9.78M $3.75M
Net Profit $1.07B $876.40M $1.63B $611.61M $476.75M
Profit from Continuing Operations $1.07B $876.40M $1.63B $611.61M $476.75M
Minority Interests $4.07M $5.88M $9.61M $2.93M $1.15M
Net Income to Parent Company $1.06B $870.53M $1.63B $608.68M $475.60M
Net Income to Common Stockholders $1.06B $870.53M $1.63B $608.68M $475.60M
Basic EPS $0.44 $0.36 $0.69 $0.26 $0.20
Diluted EPS $0.41 $0.34 $0.63 $0.24 $0.18

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $11.68B $10.20B $8.90B $8.90B $8.11B
Total Current Assets $11.10B $9.55B $8.36B $8.36B $7.59B
Cash and Cash Equivalents & Short-Term Investments $9.41B $8.03B $7.18B $7.18B $6.44B
-Cash and Cash Equivalents $2.03B $2.29B $1.42B $1.42B $1.62B
-Short Term Investments $7.38B $5.73B $5.75B $5.75B $4.82B
Receivables $1.49B $1.41B $1.04B $1.04B $1.01B
-Accounts Receivable $1.49B $1.41B $1.04B $1.04B $1.01B
Other Current Assets $205.17M $119.70M $139.07M $139.07M $142.43M
Total Non-Current Assets $579.05M $647.48M $542.22M $542.22M $527.80M
Net PPE $291.67M $284.71M $252.07M $252.07M $250.02M
-Gross PPE $291.67M $284.71M $401.16M $401.16M $392.81M
Other Non-Current Assets $287.38M $362.77M $290.15M $290.15M $277.78M
Total Liabilities $1.79B $1.64B $1.41B $1.41B $1.43B
Total Current Liabilities $1.54B $1.38B $1.18B $1.18B $1.18B
Payables $107.89M $159.06M $8.06M $8.06M $67.50M
-Accounts Payable $3.10M $69.32M $8.06M $8.06M $67.50M
-Total Tax Payable $104.79M $89.74M
Current Accrued Expenses $144.08M $336.91M $355.62M $355.62M $381.74M
Current Deferred Liabilities $1.03B $886.99M $766.03M $766.03M $684.89M
Other Current Liabilities $252.10M
Total Non-Current Liabilities $258.10M $259.95M $236.80M $236.80M $245.29M
Long Term Debt and Capital Lease Obligation $211.40M $211.98M $183.47M $183.47M $189.17M
-Long Term Capital Lease Obligation $211.40M $211.98M $183.47M $183.47M $189.17M
Non-Current Deferred Liabilities $34.26M $42.30M $46.23M $46.23M $45.47M
Other Non-Current Liabilities $12.44M $5.67M $7.09M $7.09M $10.65M
Total Equity $9.88B $8.56B $7.49B $7.49B $6.69B
Stockholders' Equity $9.77B $8.45B $7.39B $7.39B $6.59B
Capital Stock $2.40M $2.40M $2.39M $2.39M $2.38M
-Common Stock $2.40M $2.40M $2.39M $2.39M $2.38M
Additional Paid-In Capital $11.41B $11.14B $10.93B $10.93B $10.75B
Retained Earnings -$1.63B -$2.69B -$3.56B -$3.56B -$4.17B
Gains/Losses Not Affecting Retained Earnings -$7.10M $601,000.00 $13.94M $13.94M $11.54M
Minority Interests $110.69M $106.62M $100.74M $100.74M $97.81M
-Accumulated Depreciation -$149.09M -$149.09M -$142.79M
Short-Term Debt and Capital Lease Obligation $45.86M $45.86M $46.27M
-Current Capital Lease Obligation $45.86M $45.86M $46.27M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.22B $899.17M $2.13B $777.30M $507.66M
Net cash flow from continuing operations $1.22B $899.17M $2.13B $777.30M $507.66M
Net Income from Continuing Operations $1.07B $876.40M $1.63B $611.61M $476.75M
Depreciation & Depletion & Amortization $8.22M $6.77M $26.15M $7.02M $5.98M
Other Non-Cash Items -$31.62M -$53.96M -$21.61M -$5.39M -$18.31M
Change in Working Capital -$29.36M -$131.64M -$209.96M -$48.56M -$134.52M
-Change in Receivables -$72.83M -$360.97M -$450.43M -$27.45M -$259.48M
-Change in Prepaid Assets -$102.97M $49.06M $51.98M $1.64M $57.65M
-Change in Payables and Accrued Expense $7.31M $80.79M $4.66M -$85.92M $42.38M
-Change in Other Current Liabilities -$5.01M -$12.90M -$54.86M -$15.36M -$14.56M
-Change In Other Working Capital $144.14M $112.39M $238.69M $78.53M $39.49M
Net cash flow from investing -$1.48B -$26.72M -$2.78B -$957.83M $181.57M
Net Cash Flow from Continuing Investing Activities -$1.48B -$26.72M -$2.78B -$957.83M $181.57M
Net PPE Purchase and Sale -$14.55M -$7.40M -$33.88M -$13.27M -$6.79M
Net Investment Purchase and Sale -$1.47B -$19.32M -$2.75B -$944.56M $119.36M
Financing Cash Flow $4.98M $3.40M -$26.91M -$10.90M $6.44M
Net Cash Flow from Continuing Financing Activities $4.98M $3.40M -$26.91M -$10.90M $6.44M
Proceeds from Stock Option Exercised $4.86M $4.90M $129.11M $8.27M $25.64M
Net Other Financing Charges $123,000.00 -$1.50M -$81.03M $30,000.00 $36.59M
Ending Cash Balance $2.06B $2.32B $1.45B $1.45B $1.64B
Net Change in Cash -$261.79M $875.84M -$675.99M -$191.43M $695.67M
Beginning Cash Balance $2.32B $1.45B $2.12B $1.64B $951.23M
Effect of Exchange Rate Changes $292,000.00 -$2.40M $7.48M -$1.97M -$2.07M
Free Cash Flow $1.20B $891.76M $2.10B $764.02M $500.87M
Net Other Investing Changes -$1.00M $0.00 $69.00M
Net Common Stock Issuance -$74.99M -$19.20M -$19.20M
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