Income StatementBalance SheetCash FlowSegments
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Palantir Technologies Inc. Business Segments

Business, geographic, and product segment breakdowns

Palantir Technologies Inc. generates $5.2B in annual revenue across 2 key segments: Commercial ($774.2M), and Government ($2.8B). The company-wide operating margin is 38.13%. Based on the Q1 2026 filing.

Commercial$774.2MGovernment (TTM)$2.8B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$328.14B
P/E Ratio143.83
ROE32.67%

Geographic

Net operating loss carryforwards

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$900.0M———$1.8B—

Concentration risk (in percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rest of world—19.0%17.0%15.0%—13.0%

PP&E (Net)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rest of world$1.9M———$1.8M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rest of world$174.9M$165.7M$173.9M$183.8M$204.6M$220.4M

Business Segments

Contribution margin (in percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial—61.0%64.0%66.0%2.0%73.0%
Government—62.0%63.0%66.0%2.0%73.0%

Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Government-$180.7M-$186.0M-$202.6M-$215.0M-$222.7M-$229.0M
Commercial-$151.1M-$155.7M-$163.1M-$188.0M-$199.6M-$211.2M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Government$455.1M$487.0M$553.0M$632.7M$729.7M$858.4M
Commercial—$396.9M$450.7M——$774.2M

Total contribution

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Government$274.4M$301.0M$350.4M$417.7M$507.0M$629.4M
Commercial$221.3M$241.1M$287.6M$360.4M—$563.0M