olivLaw · US equity research
PLTR PLTR
Services-Prepackaged Software · SIC 7372 · Vertical: Services-Prepackaged Software (SIC 7372)
Palantir Technologies Inc. (PLTR) builds software platforms that integrate an organization's data, decisions and operations. Revenue rose to 4.5 billion USD in 2025, up 56%, and reached 1.935 billion USD in the second quarter of 2026, up 93% year over year. Fiscal 2026 revenue guidance was raised to 8.150-8.158 billion USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 03 Nov 2026, PLTR (PLTR) stock was 175.40 USD (−1.65% on the day), with market capitalisation 422.6 bn USD, P/E 123.0 on diluted EPS of 1.43 USD over the last 12 months, beta 2.10, 52-week range 107.27–209.05 USD. Latest reported quarter (Q3 2026): revenue of 2.3 bn USD (+95.9% YoY), net income of 1.1 bn USD (+137.2% YoY), diluted EPS 0.44 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 35.8
- weak (30–45)
- Bollinger (20, 2)
- 177.99 – 213.73
- below the lower band · %B -0.07 · band width 18.3%
- SMA 50 / 200
- 186.86 / 153.60
- mixed trend
- MACD (12, 26, 9)
- -0.85 / 2.42
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −7.1% | −2.0% | −5.1 pp | — |
| 3 months | +7.8% | −2.2% | +10.0 pp | — |
| 6 months | +29.1% | +4.3% | +24.8 pp | — |
| Year to date | −1.3% | +10.6% | −11.9 pp | — |
| 1 year | −15.3% | +10.5% | −25.8 pp | −3.6% |
| 3 years | +828.5% | +73.7% | +754.9 pp | −11.8% |
| 5 years | +562.6% | +61.7% | +500.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 827.5 m | 883.9 m | 1.0 bn | 1.2 bn | 1.4 bn | 1.6 bn | 1.9 bn | 2.3 bn |
| Cost of revenue | 174.5 m | 173.0 m | 192.9 m | 207.3 m | 216.0 m | 215.8 m | 296.9 m | 383.3 m |
| Gross profit | 653.0 m | 710.9 m | 810.8 m | 973.8 m | 1.2 bn | 1.4 bn | 1.6 bn | 1.9 bn |
| Research & development | 171.5 m | 134.9 m | 135.0 m | 144.2 m | 143.6 m | 161.0 m | 192.5 m | 219.7 m |
| Operating income | 11.0 m | 176.0 m | 269.3 m | 393.3 m | 575.4 m | 754.0 m | 912.0 m | 1.1 bn |
| Depreciation & amortisation | 7.0 m | 6.6 m | 6.5 m ≈ | 6.0 m ≈ | 7.0 m | 6.8 m | 8.2 m ≈ | 7.0 m ≈ |
| Pre-tax income | 80.5 m | 223.3 m | 332.2 m | 480.5 m | 621.4 m | 888.6 m | 1.1 bn | 1.1 bn |
| Income tax | 3.6 m | 5.6 m | 3.6 m | 3.8 m | 9.8 m | 12.2 m | 15.4 m | 13.6 m |
| Net income | 79.0 m | 214.0 m | 326.7 m | 475.6 m | 608.7 m | 870.5 m | 1.1 bn | 1.1 bn |
| Diluted EPS | 0.03 ≈ | 0.08 | 0.13 | 0.18 | 0.24 ≈ | 0.34 | 0.41 | 0.44 |
| Operating cash flow | 460.3 m | 310.3 m | 539.3 m ≈ | 507.7 m ≈ | 777.3 m | 899.2 m | 1.2 bn ≈ | 1.2 bn ≈ |
| Capex | 3.1 m | 6.2 m | 7.6 m ≈ | 6.8 m ≈ | 13.3 m | 7.4 m | 14.6 m ≈ | 8.0 m ≈ |
| Share repurchases | 18.6 m | 18.0 m | 18.6 m ≈ | 19.2 m ≈ | 19.2 m | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 8 percentile of its own 13-quarter history (min 100.0, median 192.1, max 452.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 595.4 m | 742.6 m | 1.1 bn | 1.5 bn | 1.9 bn | 2.2 bn | 2.9 bn | 4.5 bn |
| Revenue YoY | unavailable | +24.7% | +47.2% | +41.1% | +23.6% | +16.7% | +28.8% | +56.2% |
| Net income | -580.0 m | -579.6 m | -1.2 bn | -520.4 m | -373.7 m | 209.8 m | 462.2 m | 1.6 bn |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +120.3% | +251.6% |
| Diluted EPS | -1.17 | -1.02 | -1.20 | -0.27 | -0.18 | 0.09 | 0.19 | 0.63 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +111.1% | +231.6% |
| net % | -97.4% | -78.1% | -106.7% | -33.7% | -19.6% | 9.4% | 16.1% | 36.3% |
| Free cash flow | -52.0 m | -178.3 m | -308.8 m | 321.2 m | 183.7 m | 697.1 m | 1.1 bn | 2.1 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.4 bn USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 7.5 bn USD
- Total assets
- 8.9 bn USD
- Debt / equity
- unavailable
- Current ratio
- 7.11x
- ROE
- 25.8%
- ROA
- 21.3%
- FCF margin
- 46.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.1 bn | 1.5 bn | 1.9 bn | 2.2 bn | 2.9 bn | 4.5 bn | SEC (XBRL)· 17 Feb 2026verified |
| Cost of revenue | 352.5 m | 339.4 m | 408.5 m | 431.1 m | 566.0 m | 789.2 m | SEC (XBRL)· 17 Feb 2026verified |
| Gross profit | 740.1 m | 1.2 bn | 1.5 bn | 1.8 bn | 2.3 bn | 3.7 bn | SEC (XBRL)· 17 Feb 2026verified |
| Research & development | 560.7 m | 387.5 m | 359.7 m | 404.6 m | 507.9 m | 557.7 m | SEC (XBRL)· 17 Feb 2026verified |
| Operating income | -1.2 bn | -411.0 m | -161.2 m | 120.0 m | 310.4 m | 1.4 bn | SEC (XBRL)· 17 Feb 2026verified |
| Depreciation & amortisation | 13.9 m | 14.9 m | 22.5 m | 33.4 m | 31.6 m | 26.1 m | SEC (XBRL)· 17 Feb 2026verified |
| EBITDA | -1.2 bn ≈ | -396.1 m ≈ | -138.7 m ≈ | 153.3 m ≈ | 342.0 m ≈ | 1.4 bn ≈ | SEC (XBRL)· 17 Feb 2026derived |
| Interest expense | 14.1 m | 3.6 m | 4.1 m | 3.5 m | — | — | SEC (XBRL)· 20 Feb 2024verified |
| Pre-tax income | -1.2 bn | -488.5 m | -361.0 m | 237.1 m | 489.2 m | 1.7 bn | SEC (XBRL)· 17 Feb 2026verified |
| Income tax | -12.6 m | 31.9 m | 10.1 m | 19.7 m | 21.3 m | 22.7 m | SEC (XBRL)· 17 Feb 2026verified |
| Net income | -1.2 bn | -520.4 m | -373.7 m | 209.8 m | 462.2 m | 1.6 bn | SEC (XBRL)· 17 Feb 2026verified |
| Diluted EPS | -1.20 | -0.27 | -0.18 | 0.09 | 0.19 | 0.63 | SEC (XBRL)· 17 Feb 2026verified |
| Weighted average diluted shares | 979.3 m | 1.9 bn | 2.1 bn | 2.3 bn | 2.5 bn | 2.6 bn | SEC (XBRL)· 17 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 2.0 bn | 2.3 bn | 2.6 bn | 831.0 m | 2.1 bn | 1.4 bn | SEC (XBRL)· 17 Feb 2026verified |
| Receivables | 156.9 m | 190.9 m | 258.3 m | 364.8 m | 575.0 m | 1.0 bn | SEC (XBRL)· 17 Feb 2026verified |
| Current assets | 2.3 bn | 2.9 bn | 3.0 bn | 4.1 bn | 5.9 bn | 8.4 bn | SEC (XBRL)· 17 Feb 2026verified |
| Property, plant & equipment, net | 29.5 m | 31.3 m | 69.2 m | 47.8 m | 39.6 m | 52.0 m | SEC (XBRL)· 17 Feb 2026verified |
| Goodwill | — | 1.9 m | 37.9 m | — | — | — | SEC (XBRL)· 21 Feb 2023verified |
| Intangibles (excl. goodwill) | — | 3.8 m | 35.5 m | 25.9 m | 18.1 m | — | SEC (XBRL)· 18 Feb 2025verified |
| Total assets | 2.7 bn | 3.2 bn | 3.5 bn | 4.5 bn | 6.3 bn | 8.9 bn | SEC (XBRL)· 17 Feb 2026verified |
| Accounts payable | 16.4 m | 74.9 m | 44.8 m | 12.1 m | 103.0 k | 8.1 m | SEC (XBRL)· 17 Feb 2026verified |
| Long-term debt | 198.0 m | 0 | — | — | — | — | SEC (XBRL)· 24 Feb 2022verified |
| Current liabilities | 603.8 m | 660.1 m | 587.9 m | 746.0 m | 996.0 m | 1.2 bn | SEC (XBRL)· 17 Feb 2026verified |
| Total liabilities | 1.2 bn | 956.4 m | 818.8 m | 961.5 m | 1.2 bn | 1.4 bn | SEC (XBRL)· 17 Feb 2026verified |
| Equity | 1.5 bn | 2.3 bn | 2.6 bn | 3.6 bn | 5.1 bn | 7.5 bn | SEC (XBRL)· 17 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -296.6 m | 333.9 m | 223.7 m | 712.2 m | 1.2 bn | 2.1 bn | SEC (XBRL)· 17 Feb 2026verified |
| Capex | 12.2 m | 12.6 m | 40.0 m | 15.1 m | 12.6 m | 33.9 m | SEC (XBRL)· 17 Feb 2026verified |
| Free cash flow | -308.8 m ≈ | 321.2 m ≈ | 183.7 m ≈ | 697.1 m ≈ | 1.1 bn ≈ | 2.1 bn ≈ | SEC (XBRL)· 17 Feb 2026derived |
| Investing cash flow | -14.9 m | -397.9 m | -45.4 m | -2.7 bn | -340.7 m | -2.8 bn | SEC (XBRL)· 17 Feb 2026verified |
| Financing cash flow | 1.0 bn | 306.7 m | 86.0 m | 218.8 m | 463.4 m | -26.9 m | SEC (XBRL)· 17 Feb 2026verified |
| Share repurchases | 3.8 m | 0 | 0 | 0 | 64.2 m | 75.0 m | SEC (XBRL)· 17 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 422.6 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 84.7% | 100 (on a fixed band) | 14% |
| EBIT margin · Quality | 45.6% | 100 (vs peers) | 11% |
| FCF margin · Quality | 55.6% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 32.9% | 100 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 56.2% | 100 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 7.1x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 1.0% | 19 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 0.0% | 34 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality100/100 · 3/3 factors with a value
- Returns34/100 · 1/1 factors with a value
- Valuation· partial19/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Palantir Technologies Inc. (PLTR). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 4.5 bn USD in 2025; YoY growth 56.2%; net margin 50.3%; ROE 41.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 84.7%
- EBIT margin: 45.6%
- FCF margin: 55.6%
- Revenue CAGR 3Y: 32.9%
- Revenue growth (YoY): 56.2%
- Current ratio: 7.1x
What contradicts it
- FCF yield: 1.0%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Prepackaged Software (SIC 7372) · same industry (4-digit SIC) · compared with 9 companies
Only companies with a capitalisation between 58.9 bn and 3,771.4 bn (within 8× of the company's); 212 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PLTRPalantir Technologies Inc. | 422.6 bn | 123.0 | 41.2% | 50.3% | +56.2% | −15% / +829% |
| ORCLOracle Corporation | 381.6 bn | 19.7 | 41.6% | 26.4% | +17.3% | −38% / +9% |
| CRWDCrowdStrike Holdings, Inc. | 250.5 bn | 1,137.5 | 1.3% | 1.1% | +21.7% | +92% / +313% |
| CRMSalesforce, Inc. | 182.9 bn | 20.3 | 19.4% | 22.0% | +9.6% | −4% / −12% |
| NOWServicenow, Inc. | 113.3 bn | 78.3 | 11.8% | 9.4% | +20.9% | −33% / −20% |
| SNOWSnowflake Inc. | 104.1 bn | — | -48.2% | -20.1% | +29.2% | +17% / +57% |
| ADBEAdobe Inc. | 95.8 bn | 13.7 | 61.9% | 28.0% | +10.5% | −23% / −60% |
| INTUIntuit Inc. | 92.1 bn | 20.9 | 23.6% | 21.3% | +13.9% | −46% / −40% |
| CDNSCadence Design Systems, Inc. | 88.8 bn | 64.3 | 22.9% | 22.5% | +14.1% | +4% / +18% |
| SNPSSynopsys Inc | 88.7 bn | 81.8 | 3.7% | 11.4% | +15.1% | +11% / −15% |
1- and 3-year price returns: for PLTR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 122.37 Total return -30% · Per year -30% | 215.35 Total return 23% · Per year 23% | 323.03 Total return 84% · Per year 84% |
| 3 years | 145.15 Total return -17% · Per year -6% | 284.80 Total return 62% · Per year 18% | 465.16 Total return 165% · Per year 38% |
| 5 years | 172.17 Total return -2% · Per year -0% | 376.65 Total return 115% · Per year 17% | 669.83 Total return 282% · Per year 31% |
- Exit P/E± 71.20
- Net margin± 49.84
- Annual revenue growth± 37.17
- Annual dilution± 4.19
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (03 Nov 2026), 8-K (02 Nov 2026 · results).
In brief
Palantir Technologies Inc. (PLTR) builds software platforms that integrate an organization's data, decisions and operations. Revenue rose to 4.5 billion USD in 2025, up 56% 1, and reached 1.935 billion USD in the second quarter of 2026, up 93% year over year 3. Fiscal 2026 revenue guidance was raised to 8.150-8.158 billion USD 3.
SWOT
Strengths
- The integrated platform and the Ontology create a shared understanding for users with differing technical skills 1.
- High gross and operating margins in 2026 point to a favourable cost structure 23.
- Existing customers frequently expand their contracts, supporting revenue growth from the same customer base 1.
Weaknesses
- A small number of customers generate a significant part of revenue, and losing them would have a large impact 1.
- Sales cycles are long and unpredictable, which makes quarterly revenue planning difficult 1.
- Reliance on contracts that can be terminated for convenience limits the visibility of future revenue 1.
Opportunities
- If demand for sovereign AI continues, the AIP platform could attract new commercial customers 3.
- Building solutions for entire industries could extend use of the platforms beyond individual institutions 1.
- Partnerships with cloud providers and other companies could open access to large customer bases 1.
Risks
- Customer concentrationhigh
A small number of large customers make up a substantial part of revenue, and cuts in their spending or contract terminations would have a direct effect 1.
- Termination for conveniencehigh
Many contracts can be ended by the customer at any time, which reduces the effective value of the remaining deal value 1.
- Long sales cyclemedium
Large projects require considerable time and resources, and not all of them turn into revenue-generating contracts 1.
- AI-related risksmedium
Problems arising from AI use in the platforms could cause reputational damage or legal liability 1.
- Dependence on third partieslow
The company relies on computing infrastructure and technologies supplied by third parties, which may suffer errors or outages 1.
Investment thesis
What would need to be true (bull case)
- Rapid growth in US commercial revenue and a raised guidance point to continued demand for the platform 3.
- High operating and cash flow margins, together with strongly growing remaining deal value, could support future investment 3.
- Existing customers often expand their use of the platform, which can grow revenue without relying only on new customers 1.
What would break the thesis
- Revenue concentrated in a few large customers means a cut in their spending could materially affect results 1.
- Terminable contracts and uncertain government budgets could limit the predictability of long-term revenue 1.
- Recent accelerated growth may be hard to sustain, and a slower pace could disappoint expectations 1.
What to watch
- Delivery against third-quarter 2026 revenue guidance of 2.160 to 2.164 billion USDQ3 2026
- Pace of AIP adoption and its effect on margins2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (03 Nov 2026), 8-K (02 Nov 2026 · results).
The business
The company was founded in 2003 and initially built software for the United States intelligence community 1. Its principal platforms are Gotham, Foundry, Apollo and AIP, with the Ontology at the core linking data, logic and actions 1. It had 954 customers at 31 December 2025 1 and 1,049 at 30 June 2026 2.
Geographically, the United States accounted for 74% of fiscal 2025 revenue, with the remaining 26% from outside the country 1. Total remaining deal value stood at 11.2 billion USD at year-end 2025, up 105% 1. Customer concentration matters, as the top three customers accounted for 16% of revenue in fiscal 2025 1.
Segments
Market context
Palantir sells its platforms to public institutions and private companies, and the sources describe a market in which organizations prefer solutions that can be delivered in days rather than months or years 1. The company extends access to customers through AIP bootcamps and a developer tier with limited upfront cost 1.
Demand for sovereign AI, supported by the AIP platform, is cited by management as the main driver of recent growth 3. Part of the market remains sensitive to government budgets and policy changes, which makes the timing of contracts hard to predict 1.
Trends
- Adoption of generative AI through AIPtailwind
AIP connects large language models to customer data and operations, with security controls and human review checkpoints 1. If demand for such solutions continues, it could support growth in commercial revenue 3.
- Preference for rapid deploymentmixed
Customers that can no longer wait for internal projects lasting years turn to software that can be ready in days 1. This favours the platform, but sales cycles remain long and hard to predict 1.
- Uncertain government budgetsheadwind
Large government customers face uncertainty over budgets and spending priorities, making contract timing difficult to anticipate 1. Policy changes could slow certain procurements 1.
- Trade and geopolitical tensionsheadwind
The Russia-Ukraine and Middle East conflicts, fluctuating interest rates and possible tariffs are cited as factors that can affect customer decisions 1. If these conditions worsen, customer spending could decline 1.
Competitive position
The sources show Palantir competing mainly with in-house software built by customers and with software vendors offering more favourable contract terms 1. The company says it keeps competition in check through complex projects with high barriers to entry 1.
A second group consists of cloud service providers that have relationships with nearly every major enterprise and can distribute the platforms 1. Partnerships with such providers can both extend access and shift the balance of power in sales 1.
- In-house software built by customers
Customers that prefer internally built software can slow or block sales of Palantir platforms 1.
- Public, private and hybrid cloud providers
These providers have large sales forces and relationships with most companies, acting as both partners and potential competitors 1.
- Software vendors with more favourable contract terms
The sources mention competitors that may offer customers terms more advantageous than Palantir's 1.
- Smaller technology providers
Smaller companies can enter partnerships or channel sales, but rarely compete directly for the largest projects 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- CrowdStrike vs. Palantir Technologies: Which Technology Stock Is a Better Buy in 2026?Yahoo Finance — News · 22 Sept 2026 · EN
- Jim Cramer Says His Palantir Technologies Inc. (NASDAQ:PLTR) Price Target Is $250Yahoo Finance — News · 18 Sept 2026 · EN
- NVIDIA (NVDA), Palantir Technologies (PLTR), and the AI Achilles’ Heel: Steve Eisman’s Concentration Warning ExplainedYahoo Finance — News · 28 Aug 2026 · EN
The latest news item in our archive is from 22 Sept 2026; the newest SEC filing is from 03 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report03 Nov 2026
- Current report02 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report03 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report09 Jun 2026Shareholder vote
- Quarterly report05 May 2026
- Current report04 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement24 Apr 2026
- Annual report17 Feb 2026
- Current report02 Feb 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / PLTR · 17 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / PLTR · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / PLTR · 03 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.