Palantir Technologies Inc. (PLTR) financial statements: income statement, balance sheet and cash flow
Palantir Technologies Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Palantir Technologies Inc. reported revenue of $4.5B (+56.2% year on year) and net income of $1.6B (+249.3% year on year).
Income statement
Palantir Technologies Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$4.5B
$2.9B
$2.2B
$1.9B
Cost of revenue
$789.2M
$566.0M
$431.1M
$408.5M
Gross profit
$3.7B
$2.3B
$1.8B
$1.5B
Sales and marketing
$1.1B
$887.8M
$745.0M
$702.5M
Research and development
$557.7M
$507.9M
$404.6M
$359.7M
General and administrative
$657.7M
$593.5M
$524.3M
$596.3M
Total operating expenses
$2.3B
$2.0B
$1.7B
$1.7B
Income from operations
$1.4B
$310.4M
$120.0M
($161.2M)
Interest income
($229.2M)
$196.8M
$132.6M
$20.3M
Other income (expense), net
$14.2M
($18.0M)
($12.0M)
($216.1M)
Income before provision for income taxes
$1.7B
$489.2M
$237.1M
($361.0M)
Provision for income taxes
$22.7M
$21.3M
$19.7M
$10.1M
Net income
$1.6B
$467.9M
$217.4M
($371.1M)
Less: Net income attributable to noncontrolling interests
$9.6M
$5.7M
$7.5M
$2.6M
Net income attributable to common stockholders
$1.6B
$462.2M
$209.8M
($373.7M)
Earnings per share attributable to common stockholders, basic
$0.69
$0.21
$0.10
-$0.18
Earnings per share attributable to common stockholders, diluted
$0.63
$0.19
$0.09
-$0.18
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, basic
$2369612000.00
$2250163000.00
$2147446000.00
$2063793000.00
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, diluted
$2565197000.00
$2450818000.00
$2297927000.00
$2063793000.00
Palantir Technologies Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$1.9B
$1.6B
$1.2B
$1.0B
Cost of revenue
$296.9M
$215.8M
$207.3M
$192.9M
Gross profit
$1.6B
$1.4B
$973.8M
$810.8M
Sales and marketing
$339.5M
$319.2M
$274.6M
$243.8M
Research and development
$192.5M
$161.0M
$144.2M
$135.0M
General and administrative
$194.6M
$182.6M
$161.7M
$162.6M
Total operating expenses
$726.6M
$662.8M
$580.5M
$541.4M
Income from operations
$912.0M
$754.0M
$393.3M
$269.3M
Interest income
$77.5M
$66.4M
$59.8M
$56.3M
Other income (expense), net
$91.8M
$68.2M
$27.5M
$6.6M
Income before provision for income taxes
$1.1B
$888.6M
$480.5M
$332.2M
Provision for income taxes
$15.4M
$12.2M
$3.8M
$3.6M
Net income
$1.1B
$876.4M
$476.7M
$328.6M
Less: Net income attributable to noncontrolling interests
$4.1M
$5.9M
$1.1M
$1.8M
Net income attributable to common stockholders
$1.1B
$870.5M
$475.6M
$326.7M
Earnings per share attributable to common stockholders, basic
$0.44
$0.36
$0.20
$0.14
Earnings per share attributable to common stockholders, diluted
$0.41
$0.34
$0.18
$0.13
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, basic
$2399820000.00
$2393869000.00
$2377167000.00
$2365196000.00
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, diluted
$2568694000.00
$2570924000.00
$2571057000.00
$2562912000.00
Balance sheet
Palantir Technologies Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.4B
$2.1B
$831.0M
$2.6B
Marketable securities
$5.8B
$3.1B
$2.8B
$35.1M
Accounts receivable, net
$1.0B
$575.0M
$364.8M
$258.3M
Prepaid expenses and other current assets
$139.1M
$129.3M
$99.7M
$133.3M
Total current assets
$8.4B
$5.9B
$4.1B
$3.0B
Property and equipment, net
$52.0M
$39.6M
$47.8M
$69.2M
Operating lease right-of-use assets
$200.1M
$200.7M
$182.9M
$200.2M
Other assets
$290.2M
$166.2M
$153.2M
$137.7M
Total assets
$8.9B
$6.3B
$4.5B
$3.5B
Accounts payable
$8.1M
$103.0K
$12.1M
$44.8M
Accrued liabilities
$355.6M
$427.0M
$223.0M
$172.7M
Deferred revenue
$409.0M
$259.6M
$246.9M
$183.3M
Customer deposits
$357.1M
$265.3M
$209.8M
$142.0M
Operating lease liabilities
$45.9M
$44.0M
$54.2M
$45.1M
Total current liabilities
$1.2B
$996.0M
$746.0M
$587.9M
Deferred revenue, noncurrent
$46.2M
$39.9M
$28.0M
$10.0M
Customer deposits, noncurrent
$18.0K
$1.7M
$1.5M
$3.9M
Operating lease liabilities, noncurrent
$183.5M
$195.2M
$175.2M
$204.3M
Other noncurrent liabilities
$7.1M
$13.7M
$10.7M
$12.7M
Total liabilities
$1.4B
$1.2B
$961.5M
$818.8M
Common Stock, $0.001 par value
$2.4M
$2.3M
$2.2M
$2.1M
Additional paid-in capital
$10.9B
$10.2B
$9.1B
$8.4B
Accumulated other comprehensive income (loss), net
$13.9M
($5.6M)
$801.0K
($5.3M)
Accumulated deficit
($3.6B)
($5.2B)
($5.6B)
($5.9B)
Total Palantir's stockholders’ equity
$7.4B
$5.0B
$3.5B
$2.6B
Noncontrolling interests
$100.7M
$91.1M
$85.4M
$77.1M
Total equity
$7.5B
$5.1B
$3.6B
$2.6B
Total liabilities and equity
$8.9B
$6.3B
$4.5B
$3.5B
Palantir Technologies Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$2.0B
$2.3B
$1.6B
$929.5M
Marketable securities
$7.4B
$5.7B
$4.8B
$5.1B
Accounts receivable, net
$1.5B
$1.4B
$1.0B
$747.5M
Prepaid expenses and other current assets
$205.2M
$119.7M
$142.4M
$142.5M
Total current assets
$11.1B
$9.6B
$7.6B
$6.9B
Property and equipment, net
$61.4M
$55.7M
$45.7M
$43.5M
Operating lease right-of-use assets
$230.3M
$229.0M
$204.3M
$203.5M
Other assets
$287.4M
$362.8M
$277.8M
$228.3M
Total assets
$11.7B
$10.2B
$8.1B
$7.4B
Accounts payable, accrued liabilities, and other
$504.1M
$496.0M
—
—
Deferred revenue
$579.4M
$516.9M
$316.7M
$376.8M
Customer deposits
$452.1M
$370.1M
$368.2M
$263.0M
Total current liabilities
$1.5B
$1.4B
$1.2B
$1.1B
Deferred revenue, noncurrent
$33.7M
$41.1M
$43.9M
$44.6M
Customer deposits, noncurrent
$537.0K
$1.2M
$1.6M
$1.5M
Operating lease liabilities, noncurrent
$211.4M
$212.0M
$189.2M
$192.3M
Other noncurrent liabilities
$12.4M
$5.7M
$10.7M
$12.0M
Total liabilities
$1.8B
$1.6B
$1.4B
$1.3B
Common stock, $0.001 par value
$2.4M
$2.4M
$2.4M
$2.4M
Additional paid-in capital
$11.4B
$11.1B
$10.7B
$10.6B
Accumulated other comprehensive income (loss), net
($7.1M)
$601.0K
$11.5M
$4.7M
Accumulated deficit
($1.6B)
($2.7B)
($4.2B)
($4.6B)
Total Palantir's stockholders’ equity
$9.8B
$8.4B
$6.6B
$5.9B
Noncontrolling interests
$110.7M
$106.6M
$97.8M
$96.7M
Total equity
$9.9B
$8.6B
$6.7B
$6.0B
Total liabilities and equity
$11.7B
$10.2B
$8.1B
$7.4B
Cash flow statement
Palantir Technologies Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.6B
$467.9M
$217.4M
($371.1M)
Depreciation and amortization
$26.1M
$31.6M
$33.4M
$22.5M
Stock-based compensation
$684.0M
$691.6M
$475.9M
$564.8M
Unrealized and realized (gain) loss from marketable securities, net
$21.2M
$19.3M
$13.2M
$272.1M
Noncash consideration
($37.2M)
($52.5M)
($46.6M)
—
Other operating activities
$15.6M
$24.8M
($29.4M)
$6.7M
Accounts receivable, net
($450.4M)
($211.2M)
($106.2M)
($77.5M)
Prepaid expenses and other assets
$52.0M
$7.2M
($6.2M)
($26.0M)
Accounts payable and accrued liabilities
$4.7M
—
—
—
Contract liabilities
$238.7M
$54.4M
$64.3M
($49.5M)
Other liabilities
($54.9M)
—
—
—
Net cash provided by operating activities
$2.1B
$1.2B
$712.2M
$223.7M
Purchases of property and equipment
($33.9M)
($12.6M)
($15.1M)
($40.0M)
Purchases of marketable securities
($7.7B)
($5.4B)
($5.6B)
($124.5M)
Proceeds from sales and redemption of marketable securities
$5.0B
$5.1B
$2.9B
$52.3M
Purchases of privately-held securities
($72.9M)
—
$0
$0
Other investing activities
($1.0M)
($5.6M)
$0
$73.0K
Net cash used in investing activities
($2.8B)
($340.7M)
($2.7B)
($45.4M)
Proceeds from the exercise of common stock options
$129.1M
$745.4M
$218.2M
$86.1M
Repurchases of common stock
$75.0M
($64.2M)
—
—
Taxes paid related to net share settlement of equity awards
($81.1M)
($218.3M)
—
—
Other financing activities
$85.0K
$444.0K
$601.0K
($93.0K)
Net cash provided by (used in) financing activities
($26.9M)
$463.4M
$218.8M
$86.0M
Effect of foreign exchange on cash, cash equivalents, and restricted cash
$7.5M
($6.7M)
$2.9M
($3.9M)
Net cash provided by (used in) financing activities
($668.5M)
$1.3B
($1.8B)
$260.4M
Cash, cash equivalents, and restricted cash - beginning of period
$2.1B
$850.1M
$2.6B
$2.4B
Cash, cash equivalents, and restricted cash - end of period
$1.5B
$2.1B
$850.1M
$2.6B
Accrued taxes related to net share settlement of equity awards
0
84.2M
—
—
Palantir Technologies Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$1.9B
$876.4M
$1.0B
$546.3M
Depreciation and amortization
$15.0M
$6.8M
$19.1M
$13.2M
Stock-based compensation
$466.8M
$201.6M
$487.6M
$315.3M
Unrealized and realized (gain) loss from marketable securities, net
($62.2M)
—
$5.0M
($452.0K)
Other operating activities
($85.6M)
($54.0M)
$15.8M
$26.5M
Accounts receivable, net
($433.8M)
($361.0M)
($423.0M)
($163.5M)
Prepaid expenses and other assets
($53.9M)
$49.1M
$50.3M
($7.3M)
Accounts payable and accrued liabilities
$88.1M
$80.8M
$90.6M
$48.2M
Contract liabilities
$256.5M
$112.4M
$160.2M
$120.7M
Other liabilities
($17.9M)
($12.9M)
($39.5M)
($24.9M)
Net cash provided by operating activities
$2.1B
$899.2M
$1.4B
$849.5M
Purchases of property and equipment
($22.0M)
($7.4M)
($20.6M)
($13.8M)
Purchases of marketable securities
($3.5B)
($810.9M)
($6.1B)
($2.6B)
Proceeds from sales and redemption of marketable securities
$2.0B
$791.5M
$4.4B
$652.8M
Other investing activities
$0
$0
($1.0M)
—
Net cash used in investing activities
($1.5B)
($26.7M)
($1.8B)
($2.0B)
Proceeds from the exercise of common stock options
$9.8M
$4.9M
$120.8M
$95.2M
Other financing activities
($1.4M)
($1.5M)
$55.0K
$63.0K
Net cash provided by (used in) financing activities
$8.4M
$3.4M
($16.0M)
($22.4M)
Effect of foreign exchange on cash, cash equivalents, and restricted cash
($2.1M)
($2.4M)
$9.4M
$11.5M
Net increase (decrease) in cash, cash equivalents, and restricted cash
$611.9M
$873.4M
($475.1M)
($1.2B)
Cash, cash equivalents, and restricted cash - beginning of period
$1.5B
$1.5B
$2.1B
$2.1B
Cash, cash equivalents, and restricted cash - end of period