Palantir Technologies Inc - Class A
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.55%.
Did PLTR Beat Earnings? Q3 2025 Results
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
Forward Guidance & Outlook
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
PLTR Revenue by Segment
PLTR Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.