Palantir reports 70% revenue growth in Q4, issues bullish 2026 guidance
Palantir Technologies Inc. (NASDAQ: PLTR) reported fourth-quarter revenue of $1.41 billion, representing 70% year-over-year growth, according to the company's financial results for the period ended December 31, 2025.
The data analytics company's U.S. commercial revenue surged 137% year-over-year to $507 million in the quarter, while U.S. government revenue grew 66% to $570 million. Total U.S. revenue increased 93% year-over-year to $1.08 billion.
For the full year 2025, Palantir generated $4.48 billion in revenue, up 56% from the prior year. U.S. commercial revenue for the year reached $1.47 billion, marking 109% growth, while U.S. government revenue totaled $1.86 billion, up 55%.
The company reported GAAP net income of $609 million for the quarter, or $0.24 per diluted share, compared to $79 million in the same period last year. Operating cash flow reached $777 million, representing a 55% margin.
Palantir closed 180 deals worth at least $1 million during the quarter and secured $4.26 billion in total contract value, up 138% year-over-year. U.S. commercial remaining deal value grew to $4.38 billion, increasing 145% year-over-year.
For fiscal 2026, the company expects revenue between $7.18 billion and $7.20 billion, representing approximately 61% growth year-over-year. U.S. commercial revenue is projected to exceed $3.14 billion, indicating at least 115% growth.
The company also provided first-quarter 2026 guidance of $1.53 billion to $1.54 billion in revenue, with adjusted income from operations expected between $870 million and $874 million.
Palantir's customer count grew 34% year-over-year, while cash and short-term securities totaled $7.2 billion at quarter-end. The company achieved a "Rule of 40" score of 127%, combining revenue growth and adjusted operating margin.
