Palantir is an enterprise and government AI software company built around Gotham, Foundry, AIP, and its ontology layer. The quote-page thesis 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
DelayedExact provider delay not stated
$187.05
▲ +$0.0800(+0.04%)4:00 PM ET - vs previous closeQuote as of Sep 30, 2026, 4:00 PM EDT
Regular-session close · Sep 30, 2026, 4:00 PM EDT.
Yahoo Finance · delayed, minutes not stated · as of Sep 30, 2026, 4:00 PM EDT · current source
Last session1%
$187.00L Sep 30 '26$190.99H Sep 30 '26
52-week80%
$106.37L Jun 25 '26$207.52H Nov 3 '25
Long-term rangesAvailable historyHide
Available history(2020-09-30)90%
$5.92L Dec 27 '22$207.52H Nov 3 '25
Available history: 2020-09-30–2026-09-30. This is the supplied data window, not a verified inception date. Range extremes use intraday highs/lows where supplied, otherwise closes. Provider-reported; adjustment basis unspecified. The separate 52-week range uses Yahoo Finance figures; its adjustment basis is unspecified.
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Session market context
- PLTRStock · vs previous close
- ↑ +0.04%
- XLKTechnology ETF
- ↑ +0.64%
- QQQNasdaq-100 ETF
- ↑ +0.25%
PLTR underperformed the sector by 0.60 percentage points.
Price comparisons describe market context; they do not establish the cause of a move.
Data freshness
PriceAt closeLast traded
Fundamentalsevery 1 hrProvider checked
Analystevery 12 hrProvider checked
NewsTECHi refresh every 15 minLatest item
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Reported fundamentals
PLTR research snapshot
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 · Profile
About Palantir Technologies (PLTR)
Sector, leadership, and how Palantir Technologies earns its revenue.
Technology
Company · Profile
About Palantir Technologies (PLTR)
Sector, leadership, and how Palantir Technologies earns its revenue.
Palantir Technologies
NASDAQ · PLTR · US
Company narrative is editorial context. Narratives and leadership records are excluded from current quality ratings.
- Sector
- Technology
- Industry
- Software - Infrastructure
- Headquarters
- Denver, Colorado
- Country
- US
- Founded
- 2003
- Employees
- 4,401
- CEO
- Alex Karp
- 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 evidence
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Supporting observation: 92.8%
Year-over-year growth in the latest quarter. This is not the fiscal-year revenue change in the snapshot above. · TECHi unified data · 2026-06-30
Growth produces accounting profit
Supporting observation: 49.0%
Trailing net margin. A positive figure supports profitability, not cash generation, and it is not the fiscal-year margin above. · SEC Companyfacts · 2026-10-01T02:20:37.242Z
The business generates cash after investment
Supporting observation: USD 1.2B
Latest reported free cash flow. It is not a forecast and it is not the fiscal-year snapshot. · SEC Companyfacts · 2026-06-30
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
- $1.94Bquarter ended Jun 30, 2026
- Gross margin
- 84.7%quarter ended Jun 30, 2026
- Operating margin
- 47.1%quarter ended Jun 30, 2026
- EPS
- $0.41quarter ended Jun 30, 2026
- Capital expenditure
- $14.55Mquarter ended Jun 30, 2026
- Free cash flow
- $1.20Bquarter ended Jun 30, 2026
- Free cash flow margin
- 62.1%quarter ended Jun 30, 2026
- Operating cash / net income
- 1.15×quarter ended Jun 30, 2026
- Revenue growth year over year
- 92.8%quarter ended Jun 30, 2026
Leadership
CEO: Alex Karp
Source: TECHi curated profile
Ownership filings and insider activityCompetitors & comparisons
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Governance & sustainability
All data sources
Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.
Research tools
US market hours
Regular hours: 9:30 AM–4:00 PM America/New_York
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Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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