PLTR - Palantir Technologies Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$189.23
DETAILS
HIGH:
$230.00
LOW:
$138.00
MEDIAN:
$190.00
CONSENSUS:
$189.23
UPSIDE:
76.41%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 4,475.4 | 2,865.5 | 2,225.0 | 1,905.9 | 1,541.9 | 1,092.7 | 742.6 | 595.4 |
| Cost of Revenue | 789.2 | 566.0 | 431.1 | 408.5 | 339.4 | 352.5 | 242.4 | 165.4 |
| Gross Profit | 3,686.3 | 2,299.5 | 1,793.9 | 1,497.3 | 1,202.5 | 740.1 | 500.2 | 430.0 |
| Operating Expenses | ||||||||
| R&D Expenses | 557.7 | 507.9 | 404.6 | 359.7 | 387.5 | 560.7 | 305.6 | 285.5 |
| SG&A Expenses | 1,714.6 | 1,481.2 | 1,269.3 | 1,298.8 | 1,226.0 | 1,353.1 | 771.1 | 768.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 2,272.3 | 1,989.1 | 1,673.9 | 1,658.5 | 1,613.5 | 1,913.8 | 1,076.6 | 1,053.4 |
| Operating Income | ||||||||
| Operating Income | 1,414.0 | 310.4 | 120.0 | (161.2) | (411.0) | (1,173.7) | (576.4) | (623.4) |
| Interest Expense | 0 | 0 | 3.5 | 4.1 | 3.6 | 14.1 | 3.1 | 3.4 |
| Interest Income | 229.2 | 196.8 | 132.6 | 20.3 | 1.6 | 4.7 | 15.1 | 10.5 |
| Profitability | ||||||||
| EBITDA | 1,683.5 | 520.8 | 273.9 | (334.4) | (470.0) | (1,151.0) | (552.0) | (553.6) |
| EBIT | 1,657.4 | 489.2 | 240.6 | (357.0) | (484.9) | (1,164.9) | (564.2) | (567.5) |
| Income Before Tax | 1,657.4 | 489.2 | 237.1 | (361.0) | (488.5) | (1,179.0) | (567.3) | (570.9) |
| Income Tax Expense | 22.7 | 21.3 | 19.7 | 10.1 | 31.9 | (12.6) | 12.4 | 9.1 |
| Net Income | 1,625.0 | 462.2 | 209.8 | (373.7) | (520.4) | (1,166.4) | (579.6) | (580.0) |
| Per Share Data | ||||||||
| EPS (Basic) | 0.69 | 0.21 | 0.10 | -0.18 | -0.27 | -1.19 | -0.82 | -0.84 |
| EPS (Diluted) | 0.63 | 0.19 | 0.09 | -0.18 | -0.27 | -1.20 | -0.82 | -0.89 |
| Shares Outstanding | 2,369.6 | 2,250.2 | 2,147.4 | 2,063.8 | 1,923.6 | 977.7 | 713.9 | 713.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 1,423.8 | 2,098.5 | 831.0 | 2,598.5 | 2,290.7 | 2,011.3 | 1,079.2 | 1,116.3 |
| Short-Term Investments | 5,753.2 | 3,131.5 | 2,843.1 | 35.1 | 234.2 | 0 | 0 | 0 |
| Net Receivables | 1,042.1 | 575.0 | 364.8 | 258.3 | 190.9 | 156.9 | 50.3 | 19.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 139.1 | 129.3 | 99.7 | 149.6 | 36.6 | 37.3 | 52.1 | 10.5 |
| Total Current Assets | 8,358.2 | 5,934.3 | 4,138.6 | 3,041.6 | 2,863.2 | 2,257.4 | 1,214.2 | 1,220.1 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 252.1 | 240.4 | 230.6 | 269.4 | 248.2 | 246.6 | 31.6 | 30.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 18.1 | 25.9 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 79.5 | 26.1 | 17.5 |
| Other Non-Current Assets | 290.2 | 148.2 | 127.3 | 150.3 | 136.0 | 106.9 | 322.1 | 163.4 |
| Total Non-Current Assets | 542.2 | 406.6 | 383.8 | 419.7 | 384.2 | 433.1 | 379.9 | 210.9 |
| Total Assets | 8,900.4 | 6,340.9 | 4,522.4 | 3,461.2 | 3,247.4 | 2,690.5 | 1,594.0 | 1,431.0 |
| Current Liabilities | ||||||||
| Account Payables | 8.1 | 0.1 | 12.1 | 44.8 | 74.9 | 16.4 | 51.7 | 27.4 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 766.0 | 524.9 | 456.7 | 325.3 | 389.4 | 399.8 | 550.2 | 380.8 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1,175.6 | 996.0 | 746.0 | 587.9 | 660.1 | 603.8 | 728.6 | 531.9 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 198.0 | 396.1 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7.1 | 13.7 | 10.7 | 12.7 | 2.3 | 4.3 | 2,205.4 | 2,374.1 |
| Total Non-Current Liabilities | 236.8 | 250.5 | 215.4 | 230.9 | 296.4 | 564.1 | 2,846.1 | 2,650.5 |
| Total Liabilities | 1,412.4 | 1,246.5 | 961.5 | 818.8 | 956.4 | 1,168.0 | 3,574.7 | 3,182.4 |
| Stockholders' Equity | ||||||||
| Common Stock | 2.4 | 2.3 | 2.2 | 2.1 | 2.0 | 1.8 | 0.6 | 0.6 |
| Retained Earnings | (3,562.4) | (5,187.4) | (5,649.6) | (5,859.4) | (5,485.7) | (4,965.4) | (3,799.0) | (3,231.9) |
| Accumulated Other Comprehensive Income | 13.9 | (5.6) | 0.8 | (5.3) | (2.3) | (2.7) | (0.7) | 0.8 |
| Total Stockholders' Equity | 7,387.3 | 5,003.3 | 3,475.6 | 2,565.3 | 2,291.0 | 1,522.5 | (1,980.6) | (1,751.4) |
| Total Liabilities & Equity | 8,900.4 | 6,340.9 | 4,522.4 | 3,461.2 | 3,247.4 | 2,690.5 | 1,594.0 | 1,431.0 |
| Debt Metrics | ||||||||
| Total Debt | 229.3 | 239.2 | 229.4 | 249.4 | 260.1 | 456.9 | 396.1 | 0 |
| Net Debt | (1,194.5) | (1,859.3) | (601.7) | (2,349.1) | (2,030.6) | (1,554.5) | (683.1) | (1,116.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 1,634.6 | 467.9 | 217.4 | (371.1) | (520.4) | (1,166.4) | (579.6) | (580.0) |
| Depreciation & Amortization | 26.1 | 31.6 | 33.4 | 22.5 | 14.9 | 13.9 | 12.3 | 13.9 |
| Stock-Based Compensation | 684.0 | 691.6 | 475.9 | 564.8 | 778.2 | 1,270.7 | 242.0 | 248.5 |
| Change in Working Capital | (210.0) | (70.1) | 6.2 | (261.2) | (92.1) | (433.7) | 141.2 | 302.6 |
| Other Non-Cash Items | (0.4) | 32.8 | (15.9) | 268.9 | 109.9 | 39.3 | 26.2 | (24.0) |
| Operating Cash Flow | 2,134.5 | 1,153.9 | 712.2 | 223.7 | 333.9 | (296.6) | (165.2) | (39.0) |
| Investing Activities | ||||||||
| Capital Expenditure | (33.9) | (12.6) | (15.1) | (40.0) | (12.6) | (12.2) | (13.1) | (13.0) |
| Acquisitions | 0 | 0 | 0 | 66.7 | 0 | (2.9) | (8.9) | 0 |
| Purchases of Investments | (7,775.0) | (5,395.9) | (5,636.4) | (124.5) | (382.3) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 5,026.3 | 5,073.5 | 2,889.3 | 52.3 | 0.9 | 0 | 0 | 0 |
| Other Investing Activities | (1) | (5.6) | 51.1 | 0.1 | (3.9) | 0.2 | 0 | 6.2 |
| Investing Cash Flow | (2,783.6) | (340.7) | (2,711.2) | (45.4) | (397.9) | (14.9) | (22.0) | (6.8) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | (200) | (200.6) | 394.4 | (56.5) |
| Stock Repurchased | (75.0) | (64.2) | 0 | 0 | 0 | (3.8) | (11.2) | (7.7) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (81.0) | (217.8) | 0.6 | (0.1) | (0.7) | 298.3 | (58.7) | 13.9 |
| Financing Cash Flow | (26.9) | 463.4 | 218.8 | 86.0 | 306.7 | 1,036.5 | 324.5 | 46.2 |
| Cash Position | ||||||||
| Net Change in Cash | (682.4) | 1,269.8 | (1,777.2) | 260.4 | 238.8 | 726.2 | 135.1 | (3.3) |
| Cash at Beginning | 2,106.2 | 850.1 | 2,627.3 | 2,366.9 | 2,128.1 | 1,402.0 | 1,266.8 | 1,270.2 |
| Cash at End | 1,423.8 | 2,119.9 | 850.1 | 2,627.3 | 2,366.9 | 2,128.1 | 1,402.0 | 1,266.8 |
| Free Cash Flow | 2,100.6 | 1,141.2 | 697.1 | 183.7 | 321.2 | (308.8) | (178.3) | (52.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 4,475.4 | 2,865.5 | 2,225.0 | 1,905.9 | 1,541.9 | 1,092.7 | 742.6 | 595.4 |
| Gross Profit | 3,686.3 | 2,299.5 | 1,793.9 | 1,497.3 | 1,202.5 | 740.1 | 500.2 | 430.0 |
| Operating Income | 1,414.0 | 310.4 | 120.0 | (161.2) | (411.0) | (1,173.7) | (576.4) | (623.4) |
| Net Income | 1,625.0 | 462.2 | 209.8 | (373.7) | (520.4) | (1,166.4) | (579.6) | (580.0) |
| EPS (Diluted) | 0.63 | 0.19 | 0.09 | -0.18 | -0.27 | -1.20 | -0.82 | -0.89 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 1,423.8 | 2,098.5 | 831.0 | 2,598.5 | 2,290.7 | 2,011.3 | 1,079.2 | 1,116.3 |
| Total Assets | 8,900.4 | 6,340.9 | 4,522.4 | 3,461.2 | 3,247.4 | 2,690.5 | 1,594.0 | 1,431.0 |
| Total Debt | 229.3 | 239.2 | 229.4 | 249.4 | 260.1 | 456.9 | 396.1 | 0 |
| Stockholders' Equity | 7,387.3 | 5,003.3 | 3,475.6 | 2,565.3 | 2,291.0 | 1,522.5 | (1,980.6) | (1,751.4) |
| Cash Flow | ||||||||
| Operating Cash Flow | 2,134.5 | 1,153.9 | 712.2 | 223.7 | 333.9 | (296.6) | (165.2) | (39.0) |
| Capital Expenditure | (33.9) | (12.6) | (15.1) | (40.0) | (12.6) | (12.2) | (13.1) | (13.0) |
| Free Cash Flow | 2,100.6 | 1,141.2 | 697.1 | 183.7 | 321.2 | (308.8) | (178.3) | (52.0) |