Companies /Technology

Palantir Technologies Inc - Class A

NYSE: PLTR Software - Infrastructure
$177.50
â–² $4.77 (+2.76%) today
Markets closed · 12:29am ET

Q1 2025 Earnings

Reported May 5, 2025, 4:07pm ET · SEC source
$0.13
Beat +1.09%
EPS · est. $0.13
$883.9M
Beat +2.52%
Revenue · est. $862.1M
+10.1%
Beating market
PLTR vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%May 5May 6report 4:07pm ETearnings+0.1%−8.1%
−10%−5%0+5%May 5May 6earnings+0.1%−8.1%
PLTR −8.1%S&P 500 +0.1%
−10%−5%0+5%May 5May 6report 4:07pm ETearnings+0.2%−8.1%
−10%−5%0+5%May 5May 6earnings+0.2%−8.1%
PLTR −8.1%NASDAQ +0.2%
−6%0+6%+12%May 5May 13report 4:07pm ETearnings+4.2%+10.3%
−6%0+6%+12%May 5May 13earnings+4.2%+10.3%
PLTR +10.3%S&P 500 +4.2%
−6%0+6%+12%May 5May 13report 4:07pm ETearnings+6.2%+10.3%
−6%0+6%+12%May 5May 13earnings+6.2%+10.3%
PLTR +10.3%NASDAQ +6.2%
−12.05%
Day of report
+1.49%
Next session
+17.67%
One week
+17.33%
30 days

S&P 500 over the same 30 days: +7.22%.

Did PLTR Beat Earnings? Q1 2025 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$300.0M$600.0M$900.0M$634.3M$883.9MRevenue$518.1M$710.9MGross Profit$80.9M$176.0MOperating Income$105.5M$214.0MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

PLTR Revenue by Segment

U.S. Government$373.0M+45.0%
U.S. Commercial$255.0M+71.0%

PLTR Revenue by Geography

United States$628.0M+55.0%

Figures from SEC filings and company reports. Not investment advice.