Palantir (PLTR) Q3 2025 Earnings
How Did PLTR Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +1.55%.
Did PLTR Beat Earnings? Q3 2025 Results
Yes. Palantir reported Q3 2025 earnings of $0.21 a share on Nov 3, 2025, beating the $0.17 consensus estimate by 25.4%. Revenue was $1.2B against a $1.1B estimate.
Palantir Technologies delivered a blowout third quarter for fiscal 2025, posting adjusted EPS of $0.21 against a consensus estimate of $0.17, a beat of 25.45%, while revenue of $1.18 billion topped expectations by 8.19% and surged 62.8% year over year. The single most compelling driver behind the quarter was an extraordinary acceleration in U.S. commercial demand, with that segment's revenue skyrocketing 121% year over year to $397 million and total contract value closed hitting a record $1.31 billion, up 342% year over year, reflecting broad enterprise adoption of Palantir's AI platform. Overall U.S. revenue grew 77% to $883 million, while GAAP operating income more than tripled to $393.26 million, representing a 33% margin. The momentum has already drawn third-party validation, with at least one partner publicly launching a Palantir-powered SaaS model to capitalize on surging inbound demand. Looking ahead, management raised full-year 2025 revenue guidance to $4.40 billion and guided Q4 revenue of $1.33 to $1.33 billion, representing 61% year-over-year growth, which the company described as its highest sequential quarterly revenue growth guide in history.
- U.S. commercial revenue grew 121% YoY and 29% QoQ to $397 million
- Record $2.76 billion total contract value closed, up 151% YoY
- Record $1.31 billion U.S. commercial TCV, up 342% YoY
- U.S. commercial remaining deal value of $3.63 billion, up 199% YoY
- Customer count grew 45% YoY and 7% QoQ
- 204 deals of at least $1 million, 91 deals of at least $5 million, 53 deals of at least $10 million
- Rule of 40 score of 114%
“114% - our Rule of 40 score! These results make undeniable the transformational impact of using AIP to compound AI leverage. Year-over-year growth in our U.S. business surged to 77%, and year-over-year growth in U.S. commercial climbed to 121%. We are yet again announcing the highest sequential quarterly revenue growth guide in our company's history, representing 61% year-over-year growth.”
Palantir CEO, on the earnings call
What Was Palantir's Outlook in Q3 2025?
For Q4 2025, Palantir expects revenue of $1.327–$1.331 billion (representing 61% YoY growth) and adjusted income from operations of $695–$699 million. For full year 2025, the company raised revenue guidance to $4.396–$4.400 billion (53% YoY growth), raised U.S. commercial revenue guidance to in excess of $1.433 billion (at least 104% growth), raised adjusted income from operations guidance to $2.151–$2.155 billion, and raised adjusted free cash flow guidance to $1.9–$2.1 billion. The company continues to expect GAAP operating income and net income in each quarter of 2025.
PLTR YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.2B | $725.5M | +62.8% |
| Gross Profit | $973.8M | $578.9M | +68.2% |
| Operating Income | $393.3M | $113.1M | +247.6% |
| Net Income | $475.6M | $143.5M | +231.4% |
PLTR Revenue by Segment
PLTR Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.