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

Q4 2025 Earnings

Reported Feb 2, 2026, 4:06pm ET · SEC source
$0.25
Beat +38.89%
EPS · est. $0.18
$1.4B
Beat +5.74%
Revenue · est. $1.3B
+2.0%
Beating market
PLTR vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Feb 2Feb 3report 4:06pm ETearnings−1.0%−1.7%
−8%−4%0+4%Feb 2Feb 3earnings−1.0%−1.7%
PLTR −1.7%S&P 500 −1.0%
−8%−4%0+4%Feb 2Feb 3report 4:06pm ETearnings−2.0%−1.7%
−8%−4%0+4%Feb 2Feb 3earnings−2.0%−1.7%
PLTR −1.7%NASDAQ −2.0%
−16%−8%0Feb 2Feb 10report 4:06pm ETearnings−0.4%−12.4%
−16%−8%0Feb 2Feb 10earnings−0.4%−12.4%
PLTR −12.4%S&P 500 −0.4%
−16%−8%0Feb 2Feb 10report 4:06pm ETearnings−2.3%−12.4%
−16%−8%0Feb 2Feb 10earnings−2.3%−12.4%
PLTR −12.4%NASDAQ −2.3%
+6.85%
Day of report
−11.62%
Next session
−11.64%
One week
−0.46%
30 days

S&P 500 over the same 30 days: −2.49%.

Did PLTR Beat Earnings? Q4 2025 Results

Palantir delivered a blowout Q4 2025, with the AI software company reporting adjusted EPS of $0.25 against a consensus estimate of $0.18, a beat of 38.89%, while revenue of $1.41 billion topped expectations by 5.74% and surged 70% year-over-year. <a href="https://247wallst.com/investing/2026/02/02/live-earnings-will-palantir-beat-q4-estimates/">Analysts watching closely</a> saw the primary engine of outperformance come from a remarkable acceleration in U.S. commercial revenue, which grew 137% year-over-year to $507 million, helping lift total U.S. revenue 93% to $1.08 billion. GAAP operating income reached $575.39 million, a 41% margin representing a dramatic expansion from the near-breakeven $11.04 million posted in Q4 2024, and the company closed the quarter with $7.20 billion in cash and equivalents. Retail investor buzz around Palantir has intensified in recent weeks, and management rewarded that enthusiasm with forward guidance calling for full-year 2026 revenue of $7.18 to $7.20 billion, approximately 61% year-over-year growth, with U.S. commercial revenue expected to exceed $3.14 billion, implying at least 115% growth.

Key Takeaways
  • U.S. commercial revenue grew 137% year-over-year to $507 million
  • U.S. government revenue grew 66% year-over-year to $570 million
  • Record total contract value of $4.262 billion closed, up 138% year-over-year
  • Record U.S. commercial TCV of $1.344 billion, up 67% year-over-year
  • U.S. commercial remaining deal value of $4.38 billion, up 145% year-over-year
  • Customer count grew 34% year-over-year
  • Rule of 40 score of 127%
  • Closed 180 deals of at least $1 million, 84 deals of at least $5 million, and 61 deals of at least $10 million

“Palantir's Rule of 40 score is now an incredible 127%. Last quarter, our U.S. revenue grew 93% year-over-year and U.S. commercial revenue grew 137% year-over-year. We are also announcing a 2026 revenue growth guide of 61% year-over-year. We are an n of 1, and these numbers prove it. Palantir is alone in choosing to exclusively focus on scaling the operational leverage made possible by the rapid advancements of AI models, a trend that we first called 'commodity cognition' well before others started repeating it.”

Palantir CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Palantir expects revenue of $1.532–$1.536 billion and adjusted income from operations of $870–$874 million. For full year 2026, the company expects revenue of $7.182–$7.198 billion (approximately 61% year-over-year growth), U.S. commercial revenue in excess of $3.144 billion (at least 115% growth), adjusted income from operations of $4.126–$4.142 billion, adjusted free cash flow of $3.925–$4.125 billion, and GAAP operating income and net income in each quarter of 2026.

PLTR YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$400.0M$800.0M$1.2B$827.5M$1.4BRevenue$653.0M$1.2BGross Profit$11.0M$575.4MOperating Income$79.0M$608.7MNet Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating IncomeNet Income

PLTR Revenue by Segment

U.S. Government$570.0M+66.0%
U.S. Commercial$507.0M+137.0%

PLTR Revenue by Geography

United States$1.1B+93.0%

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