Palantir Technologies Inc. builds software platforms that empower organizations to integrate their data, decisions, and operations at scale. The company offers four principal software platforms: Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir Artificial Intelligence Platform (AIP) . Palantir's revenue is generated from contracts with customers who pay to use these software platforms, with contract terms typically ranging from one to five years . The company operates in two segments: commercial and government, with significant contributions from both sectors .
- Palantir Gotham - Used by defense agencies and the intelligence community for data integration and analysis.
- Palantir Foundry - Serves as a central operating system for various industries, enabling data-driven decision-making.
- Palantir Apollo - A cloud-agnostic platform that ensures continuous operation of critical systems by coordinating updates and configurations.
- Palantir Artificial Intelligence Platform (AIP) - Leverages machine learning technologies and large language models to enhance data connectivity and decision-making processes within enterprises.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Alexander Karp ExecutiveBoard | CEO | None | Co-founder of Palantir, instrumental in its growth and strategic direction, led the company through its direct listing and first profitable quarter. | View Report → |
Stephen Cohen ExecutiveBoard | President, Secretary, and Director | None | Co-founder of Palantir, key in its development as a leading data analytics company, holds a B.S. in Computer Science from Stanford. | |
David Glazer Executive | CFO and Treasurer | None | Joined Palantir in 2013, instrumental in financial operations, holds a B.A. from Santa Clara University and a J.D. from Emory University. | View Report → |
Ryan Taylor Executive | CRO and CLO | None | Joined Palantir in 2010, previously Chief Legal and Business Affairs Officer, holds degrees from Stanford and Harvard. | |
Shyam Sankar Executive | CTO and Executive Vice President | None | Joined Palantir in 2006, previously COO, holds degrees from Cornell and Stanford, significant contributions to technology leadership. | |
Eric Woersching Board | Director | Private Consultant for early-stage software companies | Director since 2022, financial expertise, former VP at EasyPost, former General Partner at Initialized Capital, holds degrees from Stanford, CFA. | |
Lauren Friedman Stat Board | Director | Board member at The Lorelton, Tree3, Valkyrie; Fractional CAO and Advisor at Friendly Force; CEO of Figa Jewelry | Director since 2021, holds a B.S. from Stanford, involved in various leadership roles outside Palantir. | |
Peter Thiel Board | Chairman of the Board | President of Thiel Capital, Partner at Founders Fund | Co-founder of Palantir, instrumental in strategic direction, significant roles in venture capital. |
-
With your U.S. business growing at 44% and maintaining a Rule of 68, which you state is among the best, why not consider lowering margins to expand your client base and accelerate growth even further, especially when focusing on a smaller number of dominating partners may limit overall market penetration?
-
Despite a 13% year-over-year growth, international government revenue declined 5% sequentially; what factors contributed to this decline, and what strategies are you implementing to address challenges in the international government segment?
-
Given that revenue from strategic commercial contracts is expected to decline to between $6 million and $7.5 million in Q4 2024 from $20 million in Q4 2023, how significant is the impact on overall revenue, and what measures are you taking to mitigate this anticipated reduction?
-
With adjusted expenses increasing by 6% sequentially and 14% year-over-year due to investments in AIP and technical talent, how do you balance the need for continued investment in AI capabilities with maintaining profitability and operating margins?
-
As you focus on a smaller number of the world's best partners dominating with your product, rather than expanding to a larger client base, how do you mitigate risks associated with revenue concentration, especially if one of these key clients reduces their spending or switches to a competitor?
Research analysts who have asked questions during Palantir Technologies earnings calls.
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Customer I | Significant accounts receivable concentration | N/A | 26% of total A/R as of 12/31/2024 ; 15% of total A/R as of 12/31/2023. No revenue concentration reported. |
Recent press releases and 8-K filings for PLTR.
- Palantir’s Hyperscience Hypercell platform receives the Winter 2025 release, advancing agentic document automation with a composable, modular architecture for multi-cloud environments.
- Introduces ORCA enhancements—Supervision Page Location Focus and Chat with Documents LLM block—for secure, air-gapped GenAI document querying and annotation.
- Adds expanded redaction, masking, and synthetic data generation capabilities to protect PII under GDPR and HIPAA, enabling secure offshoring and governance.
- Extends hyperscaler integrations with native connectors for Microsoft Azure Blob Storage and Google Cloud Storage alongside AWS S3, boosting deployment flexibility.
- Secures FedRAMP High Authorization through a Palantir partnership and is recognized as a leader in the 2025 Gartner Magic Quadrant and other analyst reports; SaaS availability now, on-premises deployment in October 2025.
- The US Army awarded Pacific Defense a multi-year contract under the C3N program for modular C5ISR CMOSS infrastructure (CMFF with MCI) to accelerate its networked combat capabilities.
- Deliveries begin in November 2025 for soldier experimentation, software integration, and interface development, leading to full vehicle field evaluations in 2026.
- The CMFF MCI solution covers both land and air platforms, integrating communications, C2, APNT, and EW/SIGINT modules in a SAVE-compatible plug-in chassis.
- As a SOSA consortium member with partners including Palantir, Pacific Defense has deployed over 150 systems to the US and FVEY partners and expects significant deployment growth through 2026.
- The US Army awarded a multi-year contract to Pacific Defense for its CMFF-mounted Common Infrastructure (MCI) under the PEO C3N program.
- Pacific Defense will deliver CMFF-MCI systems from November 2025 to support soldier experiments, software integration and user interface development ahead of full vehicle-mounted evaluations in 2026.
- CMFF-MCI integrates communication, C2, secure PNT and EW/SIGINT capabilities via plug-and-play cards in a standardized, vehicle-compatible (SAVE) chassis.
- The CMFF-MCI effort is supported by partners including Thales Defense & Security, BAE Systems, Palantir, MAXISIQ, Regal Technology Partners and STC (Arcfield).
- OneMedNet has chosen Palantir’s Artificial Intelligence Platform under a multi-year agreement to power its healthcare AI and RWD analytics marketplace, aiming to accelerate development of medical solutions with secure, regulatory-grade data.
- The integration leverages OneMedNet’s network of 1,750+ provider sites, covering 5 billion administrative claims and 131 million clinical exams across oncology, cardiology, and rare diseases.
- Palantir’s platform introduces faster data discovery, AI-powered conversational search, custom cohort creation, and advanced anonymization to streamline data delivery and research workflows.
- Under a multi-year deal, OneMedNet selected Palantir’s AI Platform to power its iRWD™ near real-time provider network for advanced RWD analytics.
- The integration unlocks access to 5 billion+ administrative claims and 131 million clinical exams across 1,750+ provider sites spanning oncology, cardiology, and rare diseases.
- The collaboration aims to address the $868 billion AI-driven healthcare opportunity by accelerating development of medical solutions and reducing costs and time to market.
- Palantir’s platform delivers faster data discovery, conversational search, and regulatory-grade anonymization, enhancing life sciences and medical device research capabilities.
- A US Army memo dated September 5 classifies the Next Generation Command and Control (NGC2) platform, co-developed by Anduril and Palantir, as “very high risk” due to fundamental security vulnerabilities.
- Identified flaws include inability to control user access, risks from unauthorized third-party applications, and potential unauthorized access to classified data.
- Palantir denies any vulnerabilities in its platform, and Anduril states the concerns are based on outdated assessments that are being addressed.
- Despite the scrutiny, Palantir’s stock has surged over 135% year-to-date, reaching a market value above $441 billion, driven by accelerating revenue and strong profit margins.
- Palantir trades at ~70× revenue, a multiple unseen for a software company and viewed as unsustainable despite robust performance.
- The company combines top-line growth and profit margin to achieve a Rule of 90, underscoring unmatched fundamentals.
- After eight quarters of accelerated revenue growth, analysts caution that a deceleration could trigger a valuation decline as comps become tougher.
- Retail investors make up ~40% of the shareholder base, sustaining the high multiple while institutions avoid the stock due to valuation thresholds.
- Upside depends on faster AIP monetization and sustained commercial momentum, with execution deemed “next to no one”.
- Palantir shares tumbled 10%, marking the longest losing streak in over a year, as short sellers netted approximately $1.6 billion amid a market cap decline exceeding $73 billion since August.
- The stock later rebounded 4% after Fed Chair Powell hinted at a possible interest rate cut.
- Q2 2025 revenue surged 48%, coupled with record contract bookings.
- Analysts maintain a consensus “Hold” rating with an average price target of $152, citing overvaluation concerns and bearish pressure.
- Management is shifting towards U.S. commercial customers, expected to comprise nearly 80% of revenue by 2026.
- Palantir shares fell nearly 10% in Tuesday’s session, though they remain up 108% YTD.
- The tech sell-off was localized to large-cap tech, with the S&P 500 down 0.6% as over 350 S&P 500 members were in the green and smaller Nasdaq-100 names held relative strength.
- Analysts warn Nvidia’s upcoming Q3 guidance may exclude China due to uncertainty, potentially missing Street estimates despite a $215 price target and strong longer-term outlook.
- Reuters reports the White House is considering non-voting equity stakes in chipmakers—such as Intel, Samsung, TSMC, and Micron—as part of CHIPS Act funding packages.
- Palantir’s stock has surged 435% over the past year, pushing its market cap to $412 billion despite only $1.7 billion in free cash flow.
- Valuation multiples are exceptionally stretched: trailing P/E of 580, forward P/E of 278, EV/EBITDA of 681, price-to-sales of 128, and an earnings yield of 0.17%.
- Citron Research highlights that growth is driven by customized, non-scalable deployments lacking network effects, unlike SaaS models such as OpenAI’s.
- Significant insider selling by CEO Alex Karp—nearly $2 billion of shares over two years—serves as a cautionary signal to investors.