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.
PLTR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
PLTR Revenue by Segment
With YoY comparisons, source: SEC Filings
PLTR Revenue by Geography
With YoY comparisons, source: SEC Filings
“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
PLTR Earnings Trends
PLTR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PLTR EPS Trend
Earnings per share: estimate vs actual
PLTR Revenue Trend
Quarterly revenue: estimate vs actual
PLTR Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.18 | $0.25 | +38.89% | $1.41B | +5.74% |
| FY Full Year | $0.73 | $0.75 | +3.45% | $4.48B | +1.74% |
| Q3 25 BEAT | $0.17 | $0.21 | +25.45% | $1.18B | +8.19% |
| Q2 25 BEAT | $0.14 | $0.16 | +15.52% | $1.00B | +6.84% |
| Q1 25 BEAT | $0.13 | $0.13 | +1.09% | $883.9M | +2.52% |
| Q4 24 BEAT FY | $0.11 | $0.14 | +23.67% | $827.5M | +7.60% |
| FY Full Year | $0.38 | $0.41 | +7.02% | $2.87B | +2.08% |
| Q3 24 BEAT | $0.09 | $0.10 | +11.11% | $725.5M | +3.48% |
| Q2 24 BEAT | $0.08 | $0.09 | +12.50% | $678.1M | +3.99% |
| Q1 24 BEAT | $0.08 | $0.08 | +0.00% | $634.3M | +0.00% |