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Palantir Technologies Inc. PLTR Contract Liabilities

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Other financials

Income statement

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Revenue$1.9B+92.8%
Gross profit$1.6B+102%
Operating income$912.0M+239%
Net income$1.1B+225%
EPS (diluted)$0.41+215%

Balance sheet

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Cash & equivalents$2.1B+117%
Total debt$211.4M-11.1%
Total equity$9.8B+64.9%
Total assets$11.7B+58.6%

Cash flow

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Operating cash flow$1.2B+126%
CapEx$14.6M+90.6%
Free cash flow$1.2B+126%

Valuation

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Market cap$301.22B-20.6%
Enterprise value$299.37B-20.9%
P/E99.9×-397×
P/S48.9×-61.3×

Profitability

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Gross margin84.8%+4.8pp
Operating margin42.8%+26.2pp
Net margin49%+26.8pp
FCF margin54.6%+4.9pp

Returns & leverage

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Return on equity38.4%+23.1pp
Debt / equity0.0×
Current ratio7.2×+0.9×

Where this comes from

Reported directly by Palantir Technologies Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Palantir Technologies Inc.’s 10-Q, filed August 4, 2026.

Filed
Aug 3, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001321655-26-000041

The Company’s contract liabilities consist of deferred revenue and customer deposits. As of June 30, 2026 and December 31, 2025, the Company's contract liabilities were $1.1 billion and $0.8 billion, respectively. Revenue of $604 million and $404 million was recognized during the six months ended June 30, 2026 and 2025, respectively, that was included in contract liabilities as of December 31, 2025 and 2024, respectively.

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Palantir Technologies Inc.'s contract liabilities?
Palantir Technologies Inc. (PLTR) reported contract liabilities of $1.1B in Q2 2026.
How has Palantir Technologies Inc.'s contract liabilities changed year-over-year?
Palantir Technologies Inc.'s contract liabilities increased by 60.4% year-over-year, from $685.9M to $1.1B.
What is the long-term trend for Palantir Technologies Inc.'s contract liabilities?
Over 5 years (2020 to 2025), Palantir Technologies Inc.'s contract liabilities has grown at a 8.5% compound annual growth rate (CAGR), from $531.9M to $800M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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