Palantir Technologies (PLTR)
NASDAQ:PLTR
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Palantir Technologies
(NASDAQ:PLTR)
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Rating:70Outperform
Price Target:
$163.00
▲(10.19% Upside)
Action:ReiteratedDate:02/05/26
PLTR scores well on fundamentals and earnings-call outlook, supported by very strong margins, cash generation, and low leverage alongside aggressive 2026 guidance. The score is held back by weak technical momentum (below major moving averages with negative MACD) and an extremely high P/E that increases downside sensitivity if growth or execution cools, particularly given US concentration and slower international adoption.
Positive Factors
Robust cash generation
Palantir converts earnings into cash at a very high rate (FCF ~$2.27B in 2025 and quarterly cash generation), giving the company durable internal funding for product R&D, customer deployment, and optional balance sheet uses without heavy external financing, strengthening long-term resilience.
Negative Factors
US revenue concentration
With roughly three-quarters of revenue coming from the U.S., Palantir faces concentrated geographic risk. This limits diversification, making long-term growth sensitive to U.S. defense/commercial budgets, policy shifts, and domestic demand cycles rather than a broadly diversified global revenue base.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust cash generation
Palantir converts earnings into cash at a very high rate (FCF ~$2.27B in 2025 and quarterly cash generation), giving the company durable internal funding for product R&D, customer deployment, and optional balance sheet uses without heavy external financing, strengthening long-term resilience.
Read all positive factors
Palantir Technologies (PLTR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$353.80B
Dividend YieldN/A
Average Volume (3M)47.58M
Price to Earnings (P/E)259.2
Beta (1Y)2.26
Revenue Growth47.23%
EPS Growth116.33%
CountryUS
Employees4,001
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.25
Shares Outstanding2,291,470,700
10 Day Avg. Volume42,969,926
30 Day Avg. Volume47,580,105
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)57.02
Price to Sales (P/S)94.11
P/FCF Ratio200.51
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue76.61
Enterprise Value/Gross Profit93.01
Enterprise Value/Ebitda238.08
Forecast
1Y Price Target
$194.61Price Target Upside31.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)1.29
Revenue Forecast (FY)$7.20B
Palantir Technologies Business Overview & Revenue Model
Company Description
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palanti...
How the Company Makes Money
Palantir primarily makes money by selling subscriptions and related services for access to its software platforms, with revenue largely organized across two customer groups: Government and Commercial. (1) Software subscriptions/licenses: The main ...
Palantir Technologies Key Performance Indicators (KPIs)
Any
Total Customers
Shows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Shows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Data provided by:
The Fly
The FlyPalantir Technologies Earnings Call Summary
Earnings Call Date:Feb 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 11, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive performance driven by exceptional US demand and AI product momentum: record revenue growth, record TCV bookings, high net dollar retention, expanding profitability and large cash generation. The primary risks discussed are geographic concentration in the US, materially slower international commercial adoption (Europe/Canada), rising expense investments and dependence on outsized expansions at large customers. Management acknowledges adoption headwinds abroad but is guiding to continued robust growth and profitability in 2026.Positive Updates
Record Revenue Growth
Q4 revenue grew 70% year over year to $1.407 billion (19% sequential), the highest growth rate as a public company; full year 2025 revenue grew 56% YoY to $4.475 billion.
Negative Updates
Sluggish International Commercial Growth
International commercial revenue grew only 8% YoY in Q4 and 2% YoY for the full year (Q4 international commercial $171 million; full year $608 million), indicating slower adoption outside the US.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Revenue Growth
Q4 revenue grew 70% year over year to $1.407 billion (19% sequential), the highest growth rate as a public company; full year 2025 revenue grew 56% YoY to $4.475 billion.
Read all positive updates
Company Guidance
Palantir guided Q1 2026 revenue of $1.532–$1.536 billion and adjusted operating income of $870–$874 million; for full-year 2026 it expects revenue of $7.182–$7.198 billion (midpoint $7.19B, ~61% YoY growth), adjusted operating income of $4.126–$4.142 billion, adjusted free cash flow of $3.925–$4.125 billion, US commercial revenue in excess of $3.144 billion (≥115% growth), GAAP operating income and net income in each quarter, a full‑year Rule of 40 score of 118%, Q1 revenue from strategic commercial contracts of $1–$3 million and less than $7 million from those contracts for 2026 (under 0.1% of full‑year revenue).Palantir Technologies Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.48B | 2.87B | 2.23B | 1.91B | 1.54B |
| Gross Profit | 3.69B | 2.30B | 1.79B | 1.50B | 1.20B |
| EBITDA | 1.44B | 341.99M | 153.32M | -138.68M | -469.96M |
| Net Income | 1.63B | 462.19M | 209.82M | -373.70M | -520.38M |
Balance Sheet | |||||
| Total Assets | 8.90B | 6.34B | 4.52B | 3.46B | 3.25B |
| Cash, Cash Equivalents and Short-Term Investments | 7.18B | 5.23B | 3.67B | 2.63B | 2.52B |
| Total Debt | 412.81M | 239.22M | 229.39M | 249.40M | 260.07M |
| Total Liabilities | 1.41B | 1.25B | 961.46M | 818.80M | 956.42M |
| Stockholders Equity | 7.39B | 5.00B | 3.48B | 2.57B | 2.29B |
Cash Flow | |||||
| Free Cash Flow | 2.10B | 1.14B | 697.07M | 183.71M | 321.22M |
| Operating Cash Flow | 2.13B | 1.15B | 712.18M | 223.74M | 333.85M |
| Investing Cash Flow | -2.78B | -340.65M | -2.71B | -45.43M | -397.91M |
| Financing Cash Flow | -26.91M | 463.36M | 218.84M | 86.00M | 306.75M |
Palantir Technologies Technical Analysis
Negative
147.93
Price Trends
146.55
Positive
161.97
Negative
164.21
Negative
Market Momentum
-0.61
Positive
48.98
Neutral
43.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLTR, the sentiment is Negative. The current price of 147.93 is below the 20-day moving average (MA) of 150.92, above the 50-day MA of 146.55, and below the 200-day MA of 164.21, indicating a neutral trend. The MACD of -0.61 indicates Positive momentum. The RSI at 48.98 is Neutral, neither overbought nor oversold. The STOCH value of 43.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PLTR.
Palantir Technologies Risk Analysis
Palantir Technologies disclosed 83 risk factors in its most recent earnings report. Palantir Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Palantir Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $132.15B | 71.18 | 15.49% | ― | 15.30% | -60.71% | |
70 Outperform | $353.80B | 259.19 | 25.66% | ― | 47.23% | 116.33% | |
70 Outperform | $20.50B | -424.02 | -2.41% | ― | 20.93% | 68.47% | |
70 Outperform | $101.09B | -686.05 | -4.68% | ― | 22.05% | -341.24% | |
66 Neutral | $22.43B | -232.70 | -3.48% | ― | 23.24% | -8.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $418.58B | 27.89 | 57.35% | 1.00% | 11.08% | 29.56% |
* Technology Sector Average
PLTR
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70.61
91.32%
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Palantir Technologies Corporate Events
Business Operations and StrategyFinancial Disclosures
Palantir Reports Surging Q4 Growth and Profitability Acceleration
Positive
Feb 2, 2026
On February 2, 2026, Palantir reported fourth-quarter and full-year 2025 results showing a sharp acceleration in growth and profitability, underpinned by surging demand in its U.S. commercial business. In Q4 2025, total revenue rose 70% year-on-ye...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.