PLTR · Palantir Technologies Inc.

Track PLTR — free

$185.12 +2.03 (+1.11%)

S&P 500 member Nasdaq-100 member Russell 1000 member Rebalance outlook locked

Market Cap

$426.88B

2.40B

Up next

Next earnings call

Nov 2, 2026 Est · unconfirmed · in 6 wks

Latest filing: 10-Q

filed Aug 4, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$6.16B

Trailing 12 months

Net income (TTM)

$3.02B

Trailing 12 months

Revenue growth YoY

+92.8%

Year over year

Operating margin

42.8%

Trailing 12 months

P / E (TTM)

151.8

Trailing earnings · reciprocal yield 0.7%

FCF yield

0.8%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+0.2%

Year over year · more shares

Price change (1Y)

+0.4%

Trailing year

Short interest

2.7%

Latest settlement · 2.2 days to cover

View all 115 metrics

Equibles Research

our published analysis of this company

Research Thesis September 19, 2026

Palantir's guide raise tilts bull, but share-count creep keeps the spread thin

Read on Palantir: U.S. commercial growth, RPO quality, dilution math, and the Q3 2026 print against the $2.16B revenue band that decides the multiple debate.

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 14.9 · calm Equity put/call 0.53

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +21%

above

Price vs 50-day avg +15%

above

RSI (14) 61

neutral

MACD trend Negative

52-week position 76%

mid-range

Momentum

relative strength

Very Strong

1-month return +2%

trailing

6-month return +33%

trailing

YTD return +3%

this year

Relative strength +11%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $159 › 200d $152 — 50d above 200d

Institutional flow Distributing

-5% holders QoQ · +224 funds added

Insider flow Flat

No net insider activity over 90 days

Short interest Falling

2.71% of float · ▼ -4.6% MoM · 2.2 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

2,873 holders — mid 3-yr range

Squeeze score 59

elevated · 0–100

Fundamentals

Excellent

Revenue growth +56%

Y/Y

Gross margin 82%

expanding

EPS growth +232%

Y/Y

Free cash flow $2.1B

Valuation P/E 151.8

rich

Buyback $880.0M

remaining

Quant / Vol

risk profile

Very High

Volatility 61%

annualized · 1-yr

Max drawdown −48%

past year

ATR 3.9%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 6 of last 6

Latest guidance · from the 8-K filed Aug 3, 2026

Revenue · full year 2026 Initiated $8.15B – $8.16B

prior FY $4.48B midpoint +82.2% Y/Y

U.S. commercial revenue · full year 2026 Initiated at least $3.42B

Adjusted income from operations · full year 2026 Non-GAAP Initiated $4.89B – $4.9B

Adjusted free cash flow · full year 2026 Non-GAAP Initiated $4.5B – $4.7B

Prior guidance period ended · from the 8-K filed Aug 5, 2024

Revenue · Q3 2024 $697M – $701M

Revenue · full year 2024 $2.74B – $2.75B

US commercial revenue · full year 2024 at least $672M

Adjusted income from operations · full year 2024 $966M – $974M

Adjusted free cash flow · full year 2024 $800M – $1B

Guided vs delivered · last 6 settled

Revenue Q3 2024

guided $697M – $701M

guided $697M – $701M $725.52M Beat +3.8%

Revenue full year 2024

guided $2.74B – $2.75B

guided $2.74B – $2.75B $2.87B Beat +4.4%

Revenue Q2

guided $360M

guided $360M $375.64M Beat +4.3%

Revenue Q1 of this year

guided $332M

guided $332M $341.23M Beat +2.8%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

1 · 3 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+21% Bullish

Price vs 50-day avg

+15% Bullish

RSI (14)

61 Neutral

MACD trend

Negative Bearish

52-week position

76% Neutral

Market signals — smart money & positioning

Mixed

Trend (MA cross) No cross

50d $159 › 200d $152 — 50d above 200d

Institutional flow Distributing

-5% holders QoQ · +224 funds added

Insider flow Flat

No net insider activity over 90 days

Short interest Falling

2.71% of float · ▼ -4.6% MoM · 2.2 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

2,873 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $107 Now $183 · 76% Range high $207

vs 200-day avg +21% vs 50-day avg +15%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Commercial contribution non-GAAP	$734.94M	Three Months Ended June 30, 2026 filing	—
Commercial contribution margin non-GAAP	78%	Three Months Ended June 30, 2026 filing	—

Government contribution non-GAAP	$701.11M	Three Months Ended June 30, 2026 filing	—
Government contribution margin non-GAAP	71%	Three Months Ended June 30, 2026 filing	—

Gross margin, excluding stock-based compensation non-GAAP	86%	Three Months Ended June 30, 2026 filing	+4.9%

Gross profit, excluding stock-based compensation non-GAAP	$1.67B	Three Months Ended June 30, 2026 filing	—

GAAP → non-GAAP reconciliation GAAP Gross profit 1.64B +30.89M stock-based compensation = Gross profit, excluding stock-based compensation 1.67B
Total contribution non-GAAP	$1.44B	Three Months Ended June 30, 2026 filing	—

Total contribution margin non-GAAP	74%	Three Months Ended June 30, 2026 filing	—

Adjusted earnings per share, diluted non-GAAP	$0.41	Three Months Ended June 30, 2026	+156.3%

Adjusted EBITDA non-GAAP	1.2B	Three Months Ended June 30, 2026	+155.4%

GAAP → non-GAAP reconciliation GAAP Net income attributable to common stockholders $1.06B +$4.07M net income attributable to noncontrolling interests -$77.51M interest income -$91.84M other (income) expense, net +$15.38M provision for income taxes +$8.22M depreciation and amortization +$265.21M stock-based compensation +$17.26M employer payroll taxes related to stock-based compensation = Adjusted EBITDA $1.2B
Adjusted EBITDA margin non-GAAP	62%	Three Months Ended June 30, 2026	+31.9%

Adjusted free cash flow non-GAAP	1.22B	Three Months Ended June 30, 2026	+114.6%

GAAP → non-GAAP reconciliation GAAP Net cash provided by operating activities $1.22B +$18.75M cash paid for employer payroll taxes related to stock-based compensation -$14.55M purchases of property and equipment = Adjusted Free Cash Flow $1.22B
Adjusted free cash flow margin non-GAAP	63%	Three Months Ended June 30, 2026	+10.5%

Adjusted income from operations non-GAAP	1.19B	Three Months Ended June 30, 2026	+157.2%

GAAP → non-GAAP reconciliation GAAP Income from operations $912M +$265.21M stock-based compensation +$17.26M employer payroll taxes related to stock-based compensation = Adjusted Income from Operations $1.19B
Adjusted net income attributable to common stockholders non-GAAP	1.05B	Three Months Ended June 30, 2026	+158.8%

GAAP → non-GAAP reconciliation GAAP Net income attributable to common stockholders $1.06B +$265.21M stock-based compensation +$17.26M employer payroll taxes related to stock-based compensation -$297.36M income tax effects and adjustments = Adjusted Net Income Attributable to Common Stockholders $1.05B
Adjusted operating margin non-GAAP	62%	Three Months Ended June 30, 2026	+34.8%

Closed deals of at least $1 million	220	Q2 2026	+40.1%

Closed deals of at least $10 million	73	Q2 2026	+73.8%

Closed deals of at least $5 million	98	Q2 2026	+48.5%

Rule of 40 score	155%	Q2 2026	+64.9%

U.S. commercial remaining deal value	6.24B	Q2 2026	—

U.S. commercial TCV	2.13B	Q2 2026	—

Contribution margin non-GAAP	73%	the three months ended March 31, 2026 filing	+19.7%

U.S. commercial revenue	595M	Q1 2026	—

U.S. government revenue	687M	Q1 2026	—

Average revenue for the top twenty customers	$93.9M	trailing twelve months ended December 31, 2025 filing	+45.4%

Commercial customers revenue percentage	46%	year ended December 31, 2025 filing	—
Government customers revenue percentage	54%	year ended December 31, 2025 filing	—
Non-U.S. customers revenue percentage	26%	year ended December 31, 2025 filing	—
Top three customers' share of revenue	16%	the year ended December 31, 2025 filing	—
U.S. customers revenue percentage	74%	year ended December 31, 2025 filing	—
U.S. revenue	$3.3B	trailing twelve months ended December 31, 2025 filing	—

Adjusted net income attributable to common stockholders, diluted non-GAAP	647.97M	Three Months Ended December 31, 2025	—

Customer count	711	year ended December 31, 2024 filing	—

Gross margin when excluding stock-based compensation non-GAAP	83%	year ended December 31, 2024 filing	—
Income from operations when excluding one-time SAR-related expenses non-GAAP	$142.35M	Three Months Ended December 31, 2024	—
Net income when excluding one-time SAR-related expenses non-GAAP	$164.71M	Three Months Ended December 31, 2024	—
Net income when excluding one-time SAR-related expenses margin non-GAAP	20%	Three Months Ended December 31, 2024	—
Cash from Operations (margin)	58%	Q3 2024	—

Customer count growth	39%	Q3 2024	—
Cash from Operations	$129.58M	Q1 2024	—

Customer count (quarter-over-quarter growth)	11%	Q1 2024	—
US commercial customer count	262	Q1 2024	+69.0%

Adjusted Income from Operations margin non-GAAP	25%	Q2 2023	—

Customer count growth quarter-over-quarter	8%	Q2 2023	—
Customer count growth year-over-year	38%	Q2 2023	—
Customer count grew 41% year-over-year and 7% quarter-over-quarter	41%	Q1 2023	—
US commercial customer count year-over-year growth	50%	Q1 2023	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Infrastructure — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
PLTR Palantir Technologies Inc. this stock	$426.88B	+3.0%	+56.2%	151.8	2.7%
MSFT Microsoft Corp	$3.67T	+3.7%	+6.9%	27.5	1.0%
ORCL Oracle Corp	$446.33B	-23.8%	+17.3%	23.1	1.5%
PANW Palo Alto Networks Inc	$297.41B	+101.8%	+29.0%	—	2.6%
CRWD CrowdStrike Holdings, Inc.	$248.36B	—	+21.7%	4851.1	2.4%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

2,873

% held: 70.1%
Net QoQ: +164.8M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

1,238

View

Short & Settlement

Short Interest Falling

Shares short

65.1M

Days to cover: 2.2d
Change: -3.1M sh

View

Short Volume

Short vol %

60%

As of: Sep 22, 2026

Short Total

View

Fails to Deliver

FTD shares

120.6K

Value: $22.5M
As of: Aug 31, 2026

View

Off-Exchange

Off-exchange %

50.6%

Week of: Aug 17, 2026

Off-exch Lit

View

Smart Money

Congressional Trades Buy

Member

John Boozman

Amount: $1.0K–$15.0K
Traded: May 15, 2026

View

Financials

Revenue (FY)

$4.5B

Net income (FY): $1.6B
EPS diluted: $0.63

View

Buybacks

Authorized

$1.0B

Remaining: $880.0M

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Aug 4, 2026
This year: 8

View

Proposed Sales

Value

$250.1K

Shares: 1.3K
Filed: Sep 1, 2026

View

Exempt Offerings

Offering

$961.1M

Filed: Jul 2, 2020

View

Earnings & Events

Earnings Calls

Last call

Aug 3, 2026

View

Performance

	5D	20D	120D	MTD	YTD
PLTR	+5.6%	+1.8%	+33.1%	-1.8%	+3.0%
SPY	+1.7%	+1.0%	+22.4%	+0.8%	+13.4%
vs SPY	+4.0%	+0.7%	+10.7%	-2.6%	-10.4%

Capital returns

Buyback program · as of Sep 30, 2025

Authorized

$1.00B

Spent (derived)

$120.00M

Remaining

$880.00M

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1321655 CUSIP 69608A108 13F (30d) 60 filings 40 filers Visit website Investor relations

PLTR · Palantir Technologies Inc.

Price & Indicators

Up next

Metrics snapshot

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns