Income StatementBalance SheetCash FlowSegments
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Palantir Technologies Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Palantir Technologies Inc. generated $2.7B in operating cash flow over the trailing twelve months. After $35.1M in capital expenditures, free cash flow was $2.7B. Free cash flow increased 1.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.7BNet Cash From Investing (TTM)-$1.6BNet Cash From Financing (TTM)$361.2MCapital Expenditures (TTM)$35.1MDepreciation And Amortization Cf (TTM)$26.3MNet Change In Cash (TTM)$419.2M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$375.28B
P/E Ratio164.48
ROE32.89%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$3.1M$6.2M$7.6M$6.8M$13.3M$7.4M
Payment for (Proceeds from) Other Investing Activity$0.0$30.0M———$0.0
Net cash from investing activities—-$1.4B-$617.0M$0.0-$957.8M-$26.7M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$26.6M$22.4M$25.8M$42.4M—$80.8M
Change in accounts receivable—$135.0M$28.5M$259.5M$27.5M$361.0M
Change in deferred revenue—$18.8M$101.9M$39.5M$78.5M$112.4M
Change in other liabilities-$15.2M-$13.2M-$11.7M-$14.6M-$15.4M-$12.9M
Other working capital changes$14.9M-$3.1M$29.6M——-$54.0M
Depreciation and amortization$7.0M$6.6M$6.5M$6.0M$7.0M$6.8M
Net cash from operating activities$460.3M$310.3M$539.3M$507.7M$777.3M$899.2M
Net income$76.9M$217.7M$328.6M$476.7M$611.6M$876.4M
Increase (Decrease) in Prepaid Expense and Other Assets-$27.4M-$40.7M$48.0M-$57.7M-$1.6M-$49.1M
Stock-based compensation$281.8M$155.3M$160.0M$172.3M$196.4M$201.6M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other, net$353.0K-$95.5M$95.5M$0.0$30.0K-$1.5M
Payment of Deferred Purchase Consideration$353.0K-$95.5M$95.5M$0.0$30.0K-$1.5M
Noncontrolling interest transactions and other$353.0K-$95.5M$95.5M$0.0$30.0K-$1.5M
Net cash from financing activities$238.7M-$28.9M——-$10.9M$3.4M
Noncontrolling Interests Activity and Other$353.0K-$95.5M$95.5M$0.0$30.0K-$1.5M
Proceeds from issuance of common stock$475.2M$66.6M$28.6M$25.6M$8.3M$4.9M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$457.2M$304.1M$531.6M$500.9M$764.0M$891.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$7.7M$4.0M$7.5M——-$2.4M
Net increase (decrease) in cash$1.3B-$1.1B-$63.8M—-$193.4M$873.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued taxes related to net share settlement of equity awards$21.1M$0.0$0.0$0.0$0.0—