Palantir Technologies Inc. (PLTR) Q2 FY2026 Financial Statements: Revenue $1.94B, Net income $1.06B
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PeriodQ2 FY2026
Published
Palantir Technologies reported $1.94 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 92.8% from a year earlier, and net income attributable to common stockholders of $1.06 billion, or $0.41 per diluted share. Most of that came from the operating line, where income from operations reached $912.00 million, up 238.6%, as revenue growth ran well ahead of growth in operating expenses; interest income and gains on the company's investment holdings accounted for the balance of pretax income, and the tax provision remained small. Growth was concentrated in the United States, where revenue was $1.57 billion, up 114.7% and the bulk of the company's total, leaving Palantir more exposed to U.S. government and commercial conditions than it was a year earlier.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $1,935,464,000 | up 92.8% |
| Net income | $1,061,890,000 | up 225.0% |
| Diluted EPS | $0.41 | up 215.4% |
| Operating income | $912,004,000 | up 238.6% |
| US revenue | $1,573,047,000 | up 114.7% |
About this file
| Ticker | PLTR |
|---|---|
| CIK | 0001321655 |
| Company | Palantir Technologies Inc. |
| Business type | software |
| Schema template | standard (software / enterprise technology): revenue, cost of revenue, gross profit, operating expenses, operating income, net income and per-share amounts; cash, marketable securities and total debt on the balance sheet; operating cash flow, capital expenditures and free cash flow. Palantir sells software subscriptions and related services, so the revenue/cost-of-revenue frame is the right one, and segment contribution (the measure Palantir itself reports for its Government and Commercial segments) is carried alongside it. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not thousands or millions); share counts are actual shares; per-share amounts are actual dollars per share |
PLTR annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001321655-26-000011 | 0001321655-26-000011 | 0001321655-26-000011 |
| Income statement | |||
| Revenue | 4,475,446,000 | 2,865,507,000 | 2,225,012,000 |
| Cost of revenue | 789,177,000 | 565,990,000 | 431,105,000 |
| Gross profit | 3,686,269,000 | 2,299,517,000 | 1,793,907,000 |
| Sales and marketing | 1,056,859,000 | 887,755,000 | 744,992,000 |
| Research and development | 557,677,000 | 507,878,000 | 404,624,000 |
| General and administrative | 657,718,000 | 593,481,000 | 524,325,000 |
| Total operating expenses | 2,272,254,000 | 1,989,114,000 | 1,673,941,000 |
| Income from operations | 1,414,015,000 | 310,403,000 | 119,966,000 |
| Interest income | 229,181,000 | 196,792,000 | 132,572,000 |
| Other income expense net | 14,172,000 | -18,022,000 | -15,447,000 |
| Income before provision for income taxes | 1,657,368,000 | 489,173,000 | 237,091,000 |
| Provision for income taxes | 22,724,000 | 21,255,000 | 19,716,000 |
| Net income | 1,634,644,000 | 467,918,000 | 217,375,000 |
| Net income attributable to noncontrolling interests | 9,611,000 | 5,728,000 | 7,550,000 |
| Net income attributable to common stockholders | 1,625,033,000 | 462,190,000 | 209,825,000 |
| Basic EPS | 0.69 | 0.21 | 0.1 |
| Diluted EPS | 0.63 | 0.19 | 0.09 |
| Basic shares | 2,369,612,000 | 2,250,163,000 | 2,147,446,000 |
| Diluted shares | 2,565,197,000 | 2,450,818,000 | 2,297,927,000 |
| Stock based compensation expense | 684,033,000 | 691,638,000 | 475,903,000 |
| Balance sheet | |||
| Cash and cash equivalents | 1,423,796,000 | 2,098,524,000 | |
| Marketable securities | 5,753,247,000 | 3,131,463,000 | |
| Accounts receivable net | 1,042,065,000 | 575,048,000 | |
| Prepaid expenses and other current assets | 139,066,000 | 129,254,000 | |
| Total current assets | 8,358,174,000 | 5,934,289,000 | |
| Property and equipment net | 51,960,000 | 39,638,000 | |
| Operating lease right of use assets | 200,105,000 | 200,740,000 | |
| Other assets | 290,153,000 | 166,217,000 | |
| Total assets | 8,900,392,000 | 6,340,884,000 | |
| Deferred revenue current | 408,963,000 | 259,624,000 | |
| Customer deposits current | 357,066,000 | 265,252,000 | |
| Total current liabilities | 1,175,581,000 | 996,018,000 | |
| Deferred revenue noncurrent | 46,216,000 | 39,885,000 | |
| Customer deposits noncurrent | 18,000 | 1,663,000 | |
| Total liabilities | 1,412,381,000 | 1,246,477,000 | |
| Total debt | 0 | 0 | |
| Total palantir stockholders equity | 7,387,268,000 | 5,003,275,000 | |
| Noncontrolling interests | 100,743,000 | 91,132,000 | |
| Total equity | 7,488,011,000 | 5,094,407,000 | |
| Cash flow | |||
| Net cash provided by operating activities | 2,134,473,000 | 1,153,865,000 | 712,183,000 |
| Capex | 33,882,000 | 12,634,000 | 15,114,000 |
| Free cash flow | 2,100,591,000 | 1,141,231,000 | 697,069,000 |
| Net cash used in investing activities | -2,783,551,000 | -340,655,000 | -2,711,180,000 |
| Net cash provided by used in financing activities | -26,910,000 | 463,364,000 | 218,839,000 |
| Revenue by segment | |||
| Government revenue | 2,402,287,000 | 1,569,605,000 | 1,222,215,000 |
| Commercial revenue | 2,073,159,000 | 1,295,902,000 | 1,002,797,000 |
| Government contribution | 1,576,070,000 | 948,440,000 | 724,970,000 |
| Commercial contribution | 1,366,627,000 | 771,508,000 | 520,585,000 |
| Total contribution | 2,942,697,000 | 1,719,948,000 | 1,245,555,000 |
| Revenue by geography | |||
| United states | 3,320,043,000 | 1,900,247,000 | 1,378,247,000 |
| United kingdom | 427,398,000 | 304,575,000 | 235,257,000 |
| Rest of world | 728,005,000 | 660,685,000 | 611,508,000 |
| Key metrics | |||
| Total contract liabilities | 812,263,000 | ||
| Total contract liabilities basis | Deferred revenue and customer deposits, current and noncurrent, added from the balance sheet in the 10-K for the year ended December 31, 2025 (accession 0001321655-26-000011). | ||
| Remaining performance obligations | 4,100,000,000 | ||
| Remaining performance obligations basis | Disclosed as $4.1 billion as of December 31, 2025 in the 10-K for the year ended December 31, 2025 (accession 0001321655-26-000011), of which the company expects to recognise approximately 38% as revenue over the next 12 months and 36% over the subsequent 13 to 36 months. The filing states the amount to the nearest $0.1 billion. | ||
PLTR quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Label | Q2 2026 | Q2 2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001321655-26-000041 | 0001321655-26-000041 |
| Income statement | ||
| Revenue | 1,935,464,000 | 1,003,697,000 |
| Cost of revenue | 296,870,000 | 192,934,000 |
| Gross profit | 1,638,594,000 | 810,763,000 |
| Sales and marketing | 339,500,000 | 243,788,000 |
| Research and development | 192,513,000 | 135,043,000 |
| General and administrative | 194,577,000 | 162,615,000 |
| Total operating expenses | 726,590,000 | 541,446,000 |
| Income from operations | 912,004,000 | 269,317,000 |
| Interest income | 77,505,000 | 56,255,000 |
| Other income expense net | 91,836,000 | 6,596,000 |
| Income before provision for income taxes | 1,081,345,000 | 332,168,000 |
| Provision for income taxes | 15,383,000 | 3,596,000 |
| Net income | 1,065,962,000 | 328,572,000 |
| Net income attributable to noncontrolling interests | 4,072,000 | 1,845,000 |
| Net income attributable to common stockholders | 1,061,890,000 | 326,727,000 |
| Basic EPS | 0.44 | 0.14 |
| Diluted EPS | 0.41 | 0.13 |
| Basic shares | 2,399,820,000 | 2,365,196,000 |
| Diluted shares | 2,568,694,000 | 2,562,912,000 |
| Stock based compensation expense | 265,209,000 | 159,971,000 |
| Balance sheet | ||
| Cash and cash equivalents | 2,030,047,000 | |
| Marketable securities | 7,379,052,000 | |
| Accounts receivable net | 1,485,249,000 | |
| Prepaid expenses and other current assets | 205,165,000 | |
| Total current assets | 11,099,513,000 | |
| Property and equipment net | 61,403,000 | |
| Operating lease right of use assets | 230,268,000 | |
| Other assets | 287,380,000 | |
| Total assets | 11,678,564,000 | |
| Deferred revenue current | 579,437,000 | |
| Customer deposits current | 452,075,000 | |
| Total current liabilities | 1,535,582,000 | |
| Deferred revenue noncurrent | 33,722,000 | |
| Customer deposits noncurrent | 537,000 | |
| Total liabilities | 1,793,680,000 | |
| Total debt | 0 | |
| Total palantir stockholders equity | 9,774,194,000 | 5,928,901,000 |
| Noncontrolling interests | 110,690,000 | 96,663,000 |
| Total equity | 9,884,884,000 | 6,025,564,000 |
| Cash flow | ||
| Net cash provided by operating activities | 1,216,167,000 | 539,251,000 |
| Capex | 14,554,000 | 7,634,000 |
| Free cash flow | 1,201,613,000 | 531,617,000 |
| Cash flow source accession | 0001321655-26-000039 | 0001321655-26-000039 |
| Revenue by segment | ||
| Government revenue | 990,032,000 | 552,983,000 |
| Commercial revenue | 945,432,000 | 450,714,000 |
| Government contribution | 701,106,000 | 350,412,000 |
| Commercial contribution | 734,944,000 | 287,576,000 |
| Total contribution | 1,436,050,000 | 637,988,000 |
| Revenue by geography | ||
| United states | 1,573,047,000 | 732,592,000 |
| Rest of world | 362,417,000 | 271,105,000 |
| Non GAAP | ||
| Basis | Non-GAAP measures as reconciled in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039). Adjusted income from operations excludes stock-based compensation and the related employer payroll taxes; adjusted free cash flow is operating cash flow plus cash paid for those payroll taxes, less purchases of property and equipment. | Non-GAAP measures as reconciled in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039), which presents the year-ago quarter alongside the current one. That exhibit reconciles adjusted EBITDA and adjusted earnings per share for the current quarter only, so those measures are not reported for the year-ago quarter. |
| Adjusted income from operations | 1,194,472,000 | 464,385,000 |
| Adjusted operating margin percent | 62 | 46 |
| Adjusted free cash flow | 1,220,359,000 | 568,769,000 |
| Adjusted free cash flow margin percent | 63 | 57 |
| Adjusted EBITDA | 1,202,692,000 | n/a |
| Adjusted EBITDA margin percent | 62 | n/a |
| Adjusted net income attributable to common stockholders | 1,047,001,000 | n/a |
| Adjusted diluted EPS | 0.41 | n/a |
| Revenue by customer type | ||
| Basis | Stated to the nearest million in the management discussion of the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041); the filing publishes no exact figure for either line. | Stated to the nearest million in the management discussion of the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041); the filing publishes no exact figure for either line. |
| US government revenue | 809,000,000 | 426,000,000 |
| US commercial revenue | 764,000,000 | 306,000,000 |
| Key metrics | ||
| Total contract liabilities | 1,065,771,000 | |
| Remaining performance obligations | 4,900,000,000 | |
| Remaining performance obligations basis | Disclosed as $4.9 billion as of June 30, 2026 in the 10-Q for that quarter (accession 0001321655-26-000041), of which the company expects to recognise approximately 43% as revenue over the next 12 months and 36% over the subsequent 13 to 36 months. The filing states the amount to the nearest $0.1 billion. | |
| Total contract liabilities basis | Deferred revenue and customer deposits, current and noncurrent, added from the balance sheet in the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041). That filing describes the same total as $1.1 billion. | |
| Sourcing note | Income statement and segment figures are from the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041). That 10-Q presents its cash flow statement on a six-month basis only, so the three-month operating cash flow and capital expenditure figures come from the adjusted free cash flow reconciliation in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039), which presents the three months ended June 30, 2026 and June 30, 2025. | Income statement and segment figures are from the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041). That 10-Q presents its cash flow statement on a six-month basis only, so the three-month operating cash flow and capital expenditure figures come from the adjusted free cash flow reconciliation in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039), which presents the three months ended June 30, 2026 and June 30, 2025. |
PLTR year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001321655-26-000041 |
| Income statement | |
| Revenue | 3,568,047,000 |
| Cost of revenue | 512,668,000 |
| Gross profit | 3,055,379,000 |
| Sales and marketing | 658,720,000 |
| Research and development | 353,494,000 |
| General and administrative | 377,163,000 |
| Total operating expenses | 1,389,377,000 |
| Income from operations | 1,666,002,000 |
| Interest income | 143,899,000 |
| Other income expense net | 160,045,000 |
| Income before provision for income taxes | 1,969,946,000 |
| Provision for income taxes | 27,582,000 |
| Net income | 1,942,364,000 |
| Net income attributable to noncontrolling interests | 9,947,000 |
| Net income attributable to common stockholders | 1,932,417,000 |
| Basic EPS | 0.81 |
| Diluted EPS | 0.75 |
| Basic shares | 2,396,861,000 |
| Diluted shares | 2,569,826,000 |
| Stock based compensation expense | 466,801,000 |
| Cash flow | |
| Net cash provided by operating activities | 2,115,332,000 |
| Capex | 21,955,000 |
| Free cash flow | 2,093,377,000 |
| Net cash used in investing activities | -1,509,665,000 |
| Net cash provided by used in financing activities | 8,378,000 |
| Revenue by segment | |
| Government revenue | 1,848,442,000 |
| Commercial revenue | 1,719,605,000 |
| Government contribution | 1,330,517,000 |
| Commercial contribution | 1,297,900,000 |
| Total contribution | 2,628,417,000 |
| Revenue by geography | |
| United states | 2,855,113,000 |
| Rest of world | 712,934,000 |
| Prior year comparative | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001321655-26-000041 |
| Income statement | |
| Revenue | 1,887,552,000 |
| Cost of revenue | 365,904,000 |
| Gross profit | 1,521,648,000 |
| Sales and marketing | 480,097,000 |
| Research and development | 269,932,000 |
| General and administrative | 326,254,000 |
| Total operating expenses | 1,076,283,000 |
| Income from operations | 445,365,000 |
| Interest income | 106,696,000 |
| Other income expense net | 3,423,000 |
| Income before provision for income taxes | 555,484,000 |
| Provision for income taxes | 9,195,000 |
| Net income | 546,289,000 |
| Net income attributable to noncontrolling interests | 5,531,000 |
| Net income attributable to common stockholders | 540,758,000 |
| Basic EPS | 0.23 |
| Diluted EPS | 0.21 |
| Basic shares | 2,356,983,000 |
| Diluted shares | 2,557,911,000 |
| Stock based compensation expense | 315,310,000 |
| Cash flow | |
| Net cash provided by operating activities | 849,514,000 |
| Capex | 13,818,000 |
| Free cash flow | 835,696,000 |
| Net cash used in investing activities | -2,007,287,000 |
| Net cash provided by used in financing activities | -22,447,000 |
| Revenue by segment | |
| Government revenue | 1,039,946,000 |
| Commercial revenue | 847,606,000 |
| Government contribution | 651,372,000 |
| Commercial contribution | 528,721,000 |
| Total contribution | 1,180,093,000 |
| Revenue by geography | |
| United states | 1,361,086,000 |
| Rest of world | 526,466,000 |
| Non GAAP | |
| Basis | Non-GAAP measures as reconciled in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039). |
| Adjusted income from operations | 855,095,000 |
| Adjusted operating margin percent | 45 |
| Non GAAP | |
| Basis | Non-GAAP measures as reconciled in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039). |
| Adjusted income from operations | 2,178,017,000 |
| Adjusted operating margin percent | 61 |
PLTR trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 0001321655-26-000041 |
| Derivation | FY2025 as reported in the 10-K for the year ended December 31, 2025 (accession 0001321655-26-000011), plus the six months ended June 30, 2026, less the six months ended June 30, 2025, both as reported in the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041). |
| Income statement | |
| Revenue | 6,155,941,000 |
| Cost of revenue | 935,941,000 |
| Gross profit | 5,220,000,000 |
| Sales and marketing | 1,235,482,000 |
| Research and development | 641,239,000 |
| General and administrative | 708,627,000 |
| Total operating expenses | 2,585,348,000 |
| Income from operations | 2,634,652,000 |
| Interest income | 266,384,000 |
| Other income expense net | 170,794,000 |
| Income before provision for income taxes | 3,071,830,000 |
| Provision for income taxes | 41,111,000 |
| Net income | 3,030,719,000 |
| Net income attributable to noncontrolling interests | 14,027,000 |
| Net income attributable to common stockholders | 3,016,692,000 |
| Stock based compensation expense | 835,524,000 |
| Cash flow | |
| Net cash provided by operating activities | 3,400,291,000 |
| Capex | 42,019,000 |
| Free cash flow | 3,358,272,000 |
| Revenue by segment | |
| Government revenue | 3,210,783,000 |
| Commercial revenue | 2,945,158,000 |
| Revenue by geography | |
| United states | 4,814,070,000 |
| Rest of world | 1,341,871,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | None. Palantir reports in US dollars, so no currency translation was needed. |
| Note | Palantir has had no stock split, so no per-share figure needed restating, and the company is a domestic filer rather than an ADR. |
Notes
- Palantir's fiscal year is the calendar year and ends December 31, so FY2025 is the twelve months ended December 31, 2025 and Q2 2026 is the three months ended June 30, 2026.
- Annual figures for FY2025, FY2024 and FY2023 are taken from the consolidated statements of operations and of cash flows in the 10-K for the year ended December 31, 2025 (accession 0001321655-26-000011), which present three years. The consolidated balance sheets in that filing present two years only, as of December 31, 2025 and 2024, so no balance sheet is reported for FY2023.
- Q2 2026 and Q2 2025 income statements, the six-month year-to-date columns, and the balance sheet as of June 30, 2026 are from the 10-Q for the quarter ended June 30, 2026 (accession 0001321655-26-000041).
- That 10-Q presents its condensed statements of cash flows on a six-month basis only. The three-month operating cash flow and capital expenditure figures shown for Q2 2026 and Q2 2025 therefore come from the adjusted free cash flow reconciliation in Exhibit 99.1 to the Form 8-K furnished August 3, 2026 (accession 0001321655-26-000039), which sets out both three-month periods. Neither filing publishes three-month investing or financing cash flow totals, so none are reported for the quarters.
- Capital expenditures are shown as positive amounts. The filings print the line as "Purchases of property and equipment", a cash outflow in parentheses. Free cash flow shown here is operating cash flow less capital expenditures and is computed, not printed in the filings. Palantir's own "adjusted free cash flow" is a different, non-GAAP measure: it adds back cash paid for employer payroll taxes on stock-based compensation, and it is carried separately in the non-GAAP block rather than mixed into the cash flow statement.
- Total debt is zero in every period presented. Palantir's only facility is a secured revolving credit facility with aggregate commitments of $500 million maturing March 31, 2027; the 10-Q for the quarter ended June 30, 2026 states that as of that date there were no outstanding debt balances under it, and the 10-K for FY2025 states the facility was entirely undrawn.
- The trailing-twelve-months block is derived, not filed: FY2025 as reported in the 10-K, plus the six months ended June 30, 2026, less the six months ended June 30, 2025, both as reported in the 10-Q. It carries no per-share amounts, because weighted-average share counts cannot be added across the periods that make it up. In the trailing-twelve-months geographic split, the United Kingdom is folded into "rest of world", because the 10-Q's geographic note reports only the United States and rest of world while the 10-K's reports the United Kingdom separately.
- The balance sheet at June 30, 2025 is not presented in either filing. Total equity, Palantir's stockholders' equity and noncontrolling interests at that date are taken from the condensed consolidated statements of equity in the 10-Q for the quarter ended June 30, 2026, which shows the June 30, 2025 closing balances; no other balance sheet line is available for that date.
- Segment contribution is Palantir's own segment profitability measure: segment revenue less the related cost of revenue and sales and marketing expenses, excluding stock-based compensation. It is not an operating income subtotal, and total contribution reconciles to income from operations by deducting research and development, general and administrative and stock-based compensation costs that are not allocated to the segments.
- The two filings caption some current liabilities differently, without any change in amount. The 10-Q shows one line, "Accounts payable, accrued liabilities, and other", of $409.6 million as of December 31, 2025; the 10-K splits the same total into accounts payable of $8.1 million, accrued liabilities of $355.6 million and current operating lease liabilities of $45.9 million. Both filings state that certain prior-year balances were reclassified to conform to the current presentation and that the reclassifications did not affect total revenue, income from operations, net income or cash flows. No period reported here was restated, and the FY2025 figures in the 10-K agree with the comparative column in the 10-Q.
- Revenue from United States government and United States commercial customers is given only in the management discussion of the 10-Q, stated to the nearest million. Those two lines are carried at that precision, unlike every other figure here, which is exact. The Government and Commercial segment revenue in revenue_by_segment is worldwide and exact, and it is the audited split; the United States cut is a subset of it.
- Remaining performance obligations of $4.9 billion as of June 30, 2026 is disclosed to the nearest $0.1 billion. Total contract liabilities is computed by adding the current and noncurrent deferred revenue and customer deposit lines on the balance sheet, which is exact; the filing's own narrative rounds the same total to $1.1 billion.
- Palantir has never had a stock split, so no per-share amount needed restating. The company is a domestic filer reporting in US dollars, so no ADR conversion or currency translation applies. Share counts are stated in actual shares and per-share amounts in actual dollars.
- All figures in the statements were read from tables headed "(in thousands, except per share amounts)" or "(in thousands)" and are converted to actual dollars here.
Uncertainties
- No three-month cash flow statement exists for Q2 2026 or Q2 2025. The operating cash flow and capital expenditure figures for those quarters are the ones Palantir published in the adjusted free cash flow reconciliation of its Q2 2026 earnings release (Exhibit 99.1 to the Form 8-K furnished August 3, 2026, accession 0001321655-26-000039), not figures from the 10-Q. Three-month investing and financing cash flows, and three-month changes in working capital, are unavailable.
- United States government revenue ($809 million in Q2 2026, $426 million in Q2 2025) and United States commercial revenue ($764 million in Q2 2026, $306 million in Q2 2025) are stated to the nearest million in the 10-Q's management discussion. No exact figure is published, and the same lines are given only to the nearest $0.1 billion for the full year, which is why no annual United States split is reported here.
- Remaining performance obligations is disclosed as $4.9 billion, to the nearest $0.1 billion; the underlying exact amount is not published.
- The trailing-twelve-months block is arithmetic on three filed periods rather than a period Palantir reports. It carries no earnings per share or share count.
- FY2023 has no balance sheet, and June 30, 2025 has only equity, because the filings covered here do not present those balance sheets.
- Adjusted EBITDA, adjusted net income and adjusted earnings per share are reconciled in the Q2 2026 earnings release for the current quarter only, so no year-ago comparison for those three non-GAAP measures is reported.
Company details
| Value | |
|---|---|
| Name | Palantir Technologies Inc. |
| Ticker | PLTR |
| CIK | 0001321655 |
| Exchange | Nasdaq |
| State | Florida |
| Incorporation | |
| SIC | 7372 |
| Office | Technology |
| Industry | Services-Prepackaged Software |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001321655-26-000041 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-17 | 0001321655-26-000011 | https://www.sec.gov/Archives/edgar/data/1321655/000132165526000011/0001321655-26-000011-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-08-04 | 0001321655-26-000041 | https://www.sec.gov/Archives/edgar/data/1321655/000132165526000041/0001321655-26-000041-index.htm | facts |
FAQ · Palantir Technologies financial statements
How much revenue did Palantir report in Q2 FY2026?
Palantir Technologies reported $1.94 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 92.8% from $1.00 billion in the same quarter a year earlier.
What was Palantir's net income and earnings per share in Q2 FY2026?
Palantir Technologies reported net income attributable to common stockholders of $1.06 billion for Q2 FY2026, or $0.41 per diluted share, against $326.73 million and $0.13 per diluted share a year earlier.
Is Palantir profitable on a GAAP basis?
Yes. Palantir Technologies posted income from operations of $912.00 million in Q2 FY2026, up 238.6% from $269.32 million a year earlier, so the company was profitable before any non-operating income such as interest and investment gains.
How much of Palantir's revenue comes from the United States?
Revenue from customers in the United States was $1.57 billion in Q2 FY2026, up 114.7% from $732.59 million a year earlier, out of $1.94 billion in total revenue for the quarter.
Where can I get Palantir Technologies Inc. (PLTR) financial data in machine-readable form?
Ticker Scout publishes Palantir Technologies Inc.'s financial statements as JSON at https://tickerscout.ai/pltr/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/pltr/narrative.md and https://tickerscout.ai/pltr/events.md. Palantir Technologies Inc.'s SEC CIK is 0001321655. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Palantir Technologies Inc. (PLTR) next file with the SEC?
Palantir Technologies Inc. (PLTR) is expected to file its next Form 10-Q with the SEC on or around November 3, 2026. That date is a projection rather than a company-announced date: it is derived from Palantir Technologies Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001321655-26-000041.
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How this page was built
This page was built from three of Palantir Technologies Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Built from Palantir Technologies Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.