Income StatementBalance SheetCash FlowSegments
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Palantir Technologies Inc. Income Statement

Revenue, expenses, and profitability over time

Palantir Technologies Inc. generated $5.2B in trailing twelve-month revenue, up 0.7% year-over-year. Net income was $2.3B with a 43.67% net margin. Gross margin stands at 84.07% and operating margin at 38.13%. Diluted EPS is $0.89, which grew 2.9% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.2BGross Profit (TTM)$4.4BOperating Income (TTM)$2.0BNet Income (TTM)$2.3BEps Diluted (TTM)$0.88
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$328.14B
P/E Ratio143.83
ROE32.67%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.04$0.09$0.14$0.20$0.26$0.36
Diluted earnings per share$0.03$0.08$0.13$0.18$0.23$0.34
Weighted-average shares, basic18.4M2.3B2.4B2.4B5.8M2.4B
Weighted-average shares, diluted26M2.6B2.6B2.6B2.8M2.6B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$182.1M$163.6M$162.6M$161.7M$169.8M$182.6M
Other operating expenses$641.9M$534.8M$541.4M$580.5M$615.4M$662.8M
Research and development$171.5M$134.9M$135.0M$144.2M$143.6M$161.0M
Selling and marketing$288.3M$236.3M$243.8M$274.6M$302.1M$319.2M
Total operating expenses$641.9M$534.8M$541.4M$580.5M$615.4M$662.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$653.0M$710.9M$810.8M$973.8M$1.2B$1.4B
Operating income$11.0M$176.0M$269.3M$393.3M$575.4M$754.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges—-$3.2M$6.6M$27.5M—$68.2M
Interest income$54.7M$50.4M$56.3M$59.8M$62.7M$66.4M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$80.5M$223.3M$332.2M$480.5M$621.4M$888.6M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$3.6M$5.6M$3.6M$3.8M$9.8M$12.2M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$79.0M$214.0M$326.7M$475.6M$608.7M$870.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other income, net (Note 6)—-$3.2M$6.6M$27.5M—$68.2M
Revenue From Contract With Customer Excluding Assessed Tax$827.5M$883.9M$1.0B$1.2B$1.4B$1.6B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$174.5M$173.0M$192.9M$207.3M$216.0M$215.8M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$827.5M$883.9M$1.0B$1.2B$1.4B$1.6B