Palantir is an enterprise and government AI software company built around Gotham, Foundry, AIP, and its ontology layer. Its investment outlook balances exceptional growth and strategic defense relevance against one of the highest valuations in large-cap software.
Palantir Technologies (PLTR) Stock Price & Market Analysis
PLTR · NASDAQ · Software - Infrastructure
Delayed
$167.26
▼ -$1.94(-1.15%)9:49 AM ET - vs previous closeQuote as of Nov 10, 2026, 9:49 AM EST
NASDAQ regular-session quote as of Nov 10, 2026, 9:49 AM EST.
Last session45%
$165.60L Nov 10 '26$169.30H Nov 10 '26
52-week range57%
$106.37L Jun 25 '26$212.94H Oct 12 '26
Long-term rangesAvailable historyHide
Available history(2020-09-30)78%
$5.92L Dec 27 '22$212.94H Oct 12 '26
Historical range: 2020-09-30–2026-11-09. Earlier trading may not be included.
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Data dates
PriceDelayedLast traded
FundamentalsLast checked
AnalystLast checked
NewsLatest item
What matters next
Next important events
- Feb 1, 2027Next earnings (est.)Estimated
Countdown
83 days out
Reported fundamentals
PLTR financial overview
Annual revenue
USD 4.48B
Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.
Revenue change
+56.2%
Change versus the fiscal year ended Dec 31, 2024.
Net profit margin
36.3%
Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · ProfileAbout Palantir Technologies (PLTR)Sector, leadership, and how Palantir Technologies earns its revenue.Technology
Palantir Technologies
NASDAQ · PLTR · US
Company overview.
- Sector
- Technology
- Industry
- Software - Infrastructure
- Headquarters
- Denver, Colorado
- Country
- US
- Founded
- 2003
- Employees
- 4,429
- CEO
- Dr. Alexander C. Karp J.D.
- Exchange
- NASDAQ
How Palantir Technologies makes money
Ontology
Operational AI, not just chat
Palantir maps real-world business objects, permissions, workflows, and decisions into an ontology so AI can act on operational data rather than loose documents.
Government
Gotham and defense remain core
Government contracts, Maven, and Golden Dome exposure give Palantir strategic relevance and visibility, but also political and procurement risk.
Commercial
AIP boot camps accelerate adoption
The commercial story depends on converting AIP pilots into durable enterprise deployments with expanding contract value.
Valuation
The hardest part of the thesis
Palantir can be an excellent business and still be a difficult stock if revenue growth cannot justify the sales and earnings multiple.
Key takeaways for PLTR
PLTR is a high-quality AI software platform with unusually strong government relevance.
The bull case rests on AIP becoming a repeatable enterprise operating layer.
The bear case is valuation: even strong execution may not protect the stock if expectations are too high.
Business model & operating resultsExplore business exposure, reported operating measures and the figures behind growth and profitability claims.
Narrative versus numbers
Demand is expanding
Supporting observation: 95.9%
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · Source timestamp: Sep 30, 2026
Growth produces accounting profit
Supporting observation: 50.3%
Net margin; the source did not supply a reporting period. Do not compare this reading with the quarterly or fiscal-year figures above. A positive margin does not establish cash generation. · Source timestamp: Nov 10, 2026, 3:24 AM EST
The business generates cash after investment
Supporting observation: USD 1.2B
Latest free cash flow from the statement feed. It is not a forecast and may cover a different period from the fiscal-year figures above. · Source timestamp: Sep 30, 2026
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $2.31Bquarter ended Sep 30, 2026
- Gross margin
- 83.4%quarter ended Sep 30, 2026
- Operating margin
- 46.9%quarter ended Sep 30, 2026
- EPS
- $0.44quarter ended Sep 30, 2026
- Capital expenditure
- $8.01Mquarter ended Sep 30, 2026
- Free cash flow
- $1.20Bquarter ended Sep 30, 2026
- Free cash flow margin
- 51.7%quarter ended Sep 30, 2026
- Operating cash / net income
- 1.07×quarter ended Sep 30, 2026
- Revenue growth year over year
- 95.9%quarter ended Sep 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
Research tools
Regular session
Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-11-11 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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