Palantir (PLTR) Q1 2025 Earnings
How Did PLTR Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +7.22%.
Did PLTR Beat Earnings? Q1 2025 Results
Yes. Palantir reported Q1 2025 earnings of $0.13 a share on May 5, 2025, beating the $0.13 consensus estimate by 1.1%. Revenue was $883.9M against a $862.1M estimate.
Palantir Technologies delivered a <a href="https://247wallst.com/investing/2025/05/05/live-earnings-will-palantir-nasdaq-pltr-blow-out-earnings-tonight/">standout first quarter</a>, posting revenue of $883.86 million, up 39.3% year-over-year and ahead of the $862.13 million consensus estimate, while earnings per share of $0.13 edged past the $0.13 consensus by 1.09%. The driving force behind the quarter was an extraordinary acceleration in U.S. commercial demand for Palantir's AI platforms, with U.S. commercial revenue surging 71% year-over-year to $255 million and crossing a $1 billion annual run rate, a milestone CEO Alexander Karp described as evidence of a "tectonic shift" in enterprise AI adoption. U.S. government revenue added to the momentum, climbing 45% year-over-year to $373 million. Profitability metrics were equally compelling, with adjusted operating income reaching $390.71 million at a 44% margin, up sharply from 36% in the year-ago period. Buoyed by the results, Palantir raised its full-year 2025 revenue guidance to $3.89 to $3.90 billion, implying 36% growth, and guided Q2 revenue to $934 to $938 million, signaling continued confidence in its commercial and government pipeline.
- U.S. commercial revenue surpassed $1 billion annual run rate, growing 71% Y/Y
- U.S. government revenue grew 45% Y/Y
- Rule of 40 score of 83%
- Closed 139 deals of at least $1 million, 51 deals of at least $5 million, and 31 deals of at least $10 million
- Highest quarter of U.S. commercial TCV at $810 million, up 183% Y/Y
- Customer count grew 39% Y/Y and 8% Q/Q
- Adjusted operating margin expanded to 44% from 36% Y/Y
“Our Rule of 40 score increased to 83% in the last quarter, once again breaking the metric. We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S. where our revenue soared 55% year-over-year, while our U.S. commercial revenue expanded 71% year-over-year in the first quarter to surpass a one-billion-dollar annual run rate.”
Palantir CEO, on the earnings call
What Was Palantir's Outlook in Q1 2025?
For Q2 2025, Palantir expects revenue of $934–$938 million and adjusted income from operations of $401–$405 million. For full year 2025, the company raised revenue guidance to $3.890–$3.902 billion (representing 36% Y/Y growth), raised U.S. commercial revenue guidance to in excess of $1.178 billion (at least 68% growth), raised adjusted income from operations guidance to $1.711–$1.723 billion, raised adjusted free cash flow guidance to $1.6–$1.8 billion, and continues to expect GAAP operating income and net income in each quarter of 2025.
PLTR YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $883.9M | $634.3M | +39.3% |
| Gross Profit | $710.9M | $518.1M | +37.2% |
| Operating Income | $176.0M | $80.9M | +117.7% |
| Net Income | $214.0M | $105.5M | +102.8% |
PLTR Revenue by Segment
PLTR Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.