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Palantir

PLTR Q4 2025 Earnings

Reported Feb 2, 2026 at 4:06 PM ET · SEC Source

Q4 25 EPS

$0.25

BEAT +38.89%

Est. $0.18

Q4 25 Revenue

$1.41B

BEAT +5.74%

Est. $1.33B

vs S&P Since Q4 25

-13.4%

TRAILING MARKET

PLTR -8.9% vs S&P +4.5%

Full Year 2025 Results

FY 25 EPS

$0.75

BEAT +3.45%

Est. $0.73

FY 25 Revenue

$4.48B

BEAT +1.74%

Est. $4.40B

Market Reaction

Did PLTR Beat Earnings? Q4 2025 Results

Palantir delivered a blowout Q4 2025, with the AI software company reporting adjusted EPS of $0.25 against a consensus estimate of $0.18, a beat of 38.89%, while revenue of $1.41 billion topped expectations by 5.74% and surged 70% year-over-year. Ana… Read more Palantir delivered a blowout Q4 2025, with the AI software company reporting adjusted EPS of $0.25 against a consensus estimate of $0.18, a beat of 38.89%, while revenue of $1.41 billion topped expectations by 5.74% and surged 70% year-over-year. Analysts watching closely saw the primary engine of outperformance come from a remarkable acceleration in U.S. Commercial revenue, which grew 137% year-over-year to $507 million, helping lift total U.S. Revenue 93% to $1.08 billion. GAAP operating income reached $575.39 million, a 41% margin representing a dramatic expansion from the near-breakeven $11.04 million posted in Q4 2024, and the company closed the quarter with $7.20 billion in cash and equivalents. Retail investor buzz around Palantir has intensified in recent weeks, and management rewarded that enthusiasm with forward guidance calling for full-year 2026 revenue of $7.18 to $7.20 billion, approximately 61% year-over-year growth, with U.S. Commercial revenue expected to exceed $3.14 billion, implying at least 115% growth.

Key Takeaways

  • • U.S. commercial revenue grew 137% year-over-year to $507 million
  • • U.S. government revenue grew 66% year-over-year to $570 million
  • • Record total contract value of $4.262 billion closed, up 138% year-over-year
  • • Record U.S. commercial TCV of $1.344 billion, up 67% year-over-year
  • • U.S. commercial remaining deal value of $4.38 billion, up 145% year-over-year
  • • Customer count grew 34% year-over-year
  • • Rule of 40 score of 127%
  • • Closed 180 deals of at least $1 million, 84 deals of at least $5 million, and 61 deals of at least $10 million

PLTR Forward Guidance & Outlook

For Q1 2026, Palantir expects revenue of $1.532–$1.536 billion and adjusted income from operations of $870–$874 million. For full year 2026, the company expects revenue of $7.182–$7.198 billion (approximately 61% year-over-year growth), U.S. commercial revenue in excess of $3.144 billion (at least 115% growth), adjusted income from operations of $4.126–$4.142 billion, adjusted free cash flow of $3.925–$4.125 billion, and GAAP operating income and net income in each quarter of 2026.

24/7 Wall St

PLTR YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

PLTR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 24 Q4 25
24/7 Wall St

PLTR Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 24 Q4 25

“Palantir's Rule of 40 score is now an incredible 127%. Last quarter, our U.S. revenue grew 93% year-over-year and U.S. commercial revenue grew 137% year-over-year. We are also announcing a 2026 revenue growth guide of 61% year-over-year. We are an n of 1, and these numbers prove it. Palantir is alone in choosing to exclusively focus on scaling the operational leverage made possible by the rapid advancements of AI models, a trend that we first called 'commodity cognition' well before others started repeating it.”

— Alex C. Karp, Q4 2025 Earnings Press Release

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