Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It provides Palantir Gotham integrates with other platforms for defense offerings which enables users to see, understand, and act in the modern battlespace; operations centers to the tactical edge; integrating data from domains and sensors in near real-time; and situational awareness and accelerating operational decision-making, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. The company also offers Palantir Foundry, a platform that helps organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform that provides unified access to open-source, self-hosted, and commercial large language models (LLMs) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company also has a strategic partnership with Ondas Inc. to develop and deploy AI-enabled operational capabilities to scale stratospheric, aerial, and land-based ISR missions. The company was incorporated in 2003 and is headquartered in Aventura, Florida.
Palantir Technologies Inc. (PLTR) reported trailing twelve months revenue of $5.22B as of March 2026, a 67.7% increase year-over-year. Quarterly revenue reached $1.63B, reflecting continued top-line momentum.
Palantir Technologies Inc. generated $2.28B in TTM net income, with quarterly EBITDA of $760.76M. The operating margin expanded from 19.9% to 46.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (46.2%) and net margin (53.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 24.2% a year ago, signaling stronger bottom-line efficiency.
PLTR trades at a P/E of 144.3x (a premium multiple) and a P/S of 63.0x. The price-to-book ratio of 39.0x indicates a significant premium over book value.
The company generated $891.76M in free cash flow over the trailing twelve months, a 193.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $10.20B in total assets with no in long-term debt against $8.45B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~24.9%, suggesting durable pricing power and cost discipline.
ROE is positive at ~14.9% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~110.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~36.8% — no sign of cost or pricing stress.
FCF covers net income by 2.0x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 7.3% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation