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Technology · Software - Infrastructure · United States · Updated May 11, 5:01am
$137.80
Price
$316.4B
Market Cap
4,001
Employees
1.52
Beta
Alexander C. Karp
CEO
Business Description
Palantir 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.
Business History
Price Overview
Last updated: May 11, 2026 12:48pm (just now)$135.10
-2.71 (-1.96%)
Day Range
$132.77 – $136.66
52-Week Range
$115.01 – $207.52
50-Day MA
$145.70
200-Day MA
$163.93
Volume
23,690,818.50
Analyst Price Targets
Low
$151.00
Consensus
$191.83
High
$230.00
(90 analysts)
Share Structure
Outstanding
2,296,070,000.00
Float
2,194,138,268.00
Free Float
95.6%
High free float
— 95.6% of shares trade freely, ~4.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
141.75
Stock Price: $137.80
EPS (Diluted): 0.69
EPS (Diluted): 0.69
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
57.02
Stock Price: $137.80
Total Equity: $7.39B
Shares: 2,565,197,000
Total Equity: $7.39B
Shares: 2,565,197,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
153.17
Market Cap: $316.40B
Total Debt: $0.00
Cash: $1.42B
EBITDA: $1.44B
Total Debt: $0.00
Cash: $1.42B
EBITDA: $1.44B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$420.0B
Market Cap: $316.40B
Total Debt: $0.00
Cash: $1.42B
Total Debt: $0.00
Cash: $1.42B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
82.4%
Gross Profit: $3.69B
Revenue: $4.48B
Revenue: $4.48B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
31.6%
Operating Income: $1.41B
Revenue: $4.48B
Revenue: $4.48B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
36.3%
Net Income: $1.63B
Revenue: $4.48B
Revenue: $4.48B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
32.2%
Net Income: $1.63B
Total Equity: $7.39B
Total Equity: $7.39B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
22.3%
Operating Income: $1.41B
Tax Rate: 1.4%
Equity: $7.39B
Total Debt: $0.00
Cash: $1.42B
Tax Rate: 1.4%
Equity: $7.39B
Total Debt: $0.00
Cash: $1.42B
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
7.11
Current Assets: $8.36B
Current Liabilities: $1.18B
Current Liabilities: $1.18B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $7.39B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $7.39B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.74
Revenue: $4.48B
Shares: 2,565,197,000
Shares: 2,565,197,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.88
Total Equity: $7.39B
Shares: 2,565,197,000
Shares: 2,565,197,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.82
Operating CF: $2.13B
CapEx: -$33.88M
Shares: 2,565,197,000
CapEx: -$33.88M
Shares: 2,565,197,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $137.80
Stock Price: $137.80
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.63B
Net Income: $1.63B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PLTR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Last run: Apr 17, 2026 5:02:34 pm
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
Not applicable for Narrative Platform companies
4b
Earnings Power Value
— Floor value — worth with zero growth
Not applicable for Narrative Platform companies
4c
Anchored PE
— Industry PE adjusted for growth differential
Not applicable for Narrative Platform companies
4d
Reverse DCF
— What growth is the market pricing in?
Not applicable for Narrative Platform companies
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for Narrative Platform companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for Narrative Platform companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.9B | $2.2B | $2.9B | $4.5B |
| Cost of Revenue | $339.4M | $408.5M | $431.1M | $566.0M | $789.2M |
| Gross Profit | $1.2B | $1.5B | $1.8B | $2.3B | $3.7B |
| Operating Expenses | $1.6B | $1.7B | $1.7B | $2.0B | $2.3B |
| Operating Income | -$411.0M | -$161.2M | $120.0M | $310.4M | $1.4B |
| Net Income | -$520.4M | -$373.7M | $209.8M | $462.2M | $1.6B |
| EBITDA | -$470.0M | -$138.7M | $153.3M | $342.0M | $1.4B |
| EPS | $-0.27 | $-0.18 | $0.10 | $0.21 | $0.69 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.3B | $2.6B | $831.0M | $2.1B | $1.4B |
| Total Current Assets | $2.9B | $3.0B | $4.1B | $5.9B | $8.4B |
| Total Assets | $3.2B | $3.5B | $4.5B | $6.3B | $8.9B |
| Current Liabilities | $660.1M | $587.9M | $746.0M | $996.0M | $1.2B |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $956.4M | $818.8M | $961.5M | $1.2B | $1.4B |
| Total Equity | $2.3B | $2.6B | $3.5B | $5.0B | $7.4B |
| Retained Earnings | -$5.5B | -$5.9B | -$5.6B | -$5.2B | -$3.6B |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $333.9M | $223.7M | $712.2M | $1.2B | $2.1B |
| Capital Expenditure | -$12.6M | -$40.0M | -$15.1M | -$12.6M | -$33.9M |
| Free Cash Flow | $321.2M | $183.7M | $697.1M | $1.1B | $2.1B |
| Acquisitions (net) | $0 | $66.7M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | -$64.2M | -$75.0M |
| Net Change in Cash | $238.8M | $260.4M | -$1.8B | $1.3B | -$682.4M |
Analyst Estimates (Annual)
| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$11.0B $9.9B – $11.9B
|
$15.6B $15.6B – $15.6B
|
$32.0B $29.3B – $34.9B
|
$48.4B $44.3B – $52.8B
|
| EBITDA |
$2.6B $2.4B – $2.8B
|
$3.7B $3.7B – $3.7B
|
$7.6B $7.0B – $8.3B
|
$11.6B $10.6B – $12.6B
|
| Net Income |
$4.6B $4.4B – $6.1B
|
$6.7B $6.1B – $9.3B
|
$15.8B $14.0B – $17.6B
|
$24.1B $21.4B – $26.9B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +23.6% | +16.7% | +28.8% | +56.2% |
| Gross Profit Growth | +24.5% | +19.8% | +28.2% | +60.3% |
| Operating Income Growth | +60.8% | +174.4% | +158.7% | +355.5% |
| Net Income Growth | +28.2% | +156.1% | +120.3% | +251.6% |
| EBITDA Growth | +70.5% | +210.6% | +123.1% | +321.1% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-26 | Buckley Jeffrey | A-Award | 21,141.00 | $0.00 | $0 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 500.00 | $135.70 | $67,852 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 1,037.00 | $136.68 | $141,734 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 3,603.00 | $137.81 | $496,535 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 2,353.00 | $138.73 | $326,441 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 3,353.00 | $139.73 | $468,521 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 1,596.00 | $140.46 | $224,167 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 3,342.00 | $142.00 | $474,569 |
| 2026-04-15 | Moore Alexander D. | S-Sale | 216.00 | $142.41 | $30,761 |
| 2026-03-16 | Moore Alexander D. | S-Sale | 7,045.00 | $151.99 | $1.1M |
| 2026-03-16 | Moore Alexander D. | S-Sale | 8,655.00 | $152.72 | $1.3M |
| 2026-03-16 | Moore Alexander D. | S-Sale | 300.00 | $153.51 | $46,054 |
| 2026-03-02 | THIEL PETER | S-Sale | 50,026.00 | $140.97 | $7.1M |
| 2026-03-02 | THIEL PETER | S-Sale | 46,722.00 | $142.21 | $6.6M |
| 2026-03-02 | THIEL PETER | S-Sale | 222,837.00 | $143.28 | $31.9M |
| 2026-03-02 | THIEL PETER | S-Sale | 419,113.00 | $144.18 | $60.4M |
| 2026-03-02 | THIEL PETER | S-Sale | 721,136.00 | $145.17 | $104.7M |
| 2026-03-02 | THIEL PETER | S-Sale | 488,783.00 | $146.14 | $71.4M |
| 2026-03-02 | THIEL PETER | S-Sale | 51,383.00 | $146.80 | $7.5M |
| 2026-02-26 | Stat Lauren Elaina Friedman | G-Gift | 7,000.00 | $0.00 | $0 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27