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Palantir Technologies Inc. PLTR R&D

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Other financials

Income statement

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Revenue$1.6B+84.7%
Gross profit$1.4B+99.3%
Operating income$754.0M+328%
Net income$870.5M+307%
EPS (diluted)$0.34+325%

Balance sheet

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Cash & equivalents$2.3B+129%
Total debt$212.0M-13.3%
Total equity$8.4B+55.8%
Total assets$10.2B+51.4%

Cash flow

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Operating cash flow$899.2M+190%
CapEx$7.4M+19.7%
Free cash flow$891.8M+193%

Valuation

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Market cap$257.16B-20.6%
Enterprise value$255.05B-21.1%
P/E112.7×-455×
P/S49.2×-54.8×

Profitability

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Gross margin84.1%+4.1pp
Operating margin38.1%+25.1pp
Net margin43.7%+25.4pp
FCF margin51.5%+9.1pp

Returns & leverage

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Return on equity32.9%+20.5pp
Debt / equity0×0.0×
Current ratio6.9×+0.4×

Where this comes from

Reported directly by Palantir Technologies Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Palantir Technologies Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Palantir Technologies Inc.'s R&D?
Palantir Technologies Inc. (PLTR) reported R&D of $160.98M in Q1 2026.
How has Palantir Technologies Inc.'s R&D changed year-over-year?
Palantir Technologies Inc.'s R&D increased by 19.3% year-over-year, from $134.89M to $160.98M.
What is the long-term trend for Palantir Technologies Inc.'s R&D?
Over 4 years (2021 to 2025), Palantir Technologies Inc.'s R&D has grown at a 9.5% compound annual growth rate (CAGR), from $387.49M to $557.68M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.