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Screener / SEC EDGAR /CIK 0001321655 /10-K filed Feb 17, 2026, compared with Feb 18, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
COHRFTNTPLTRKEYSNTAPADSK
Nasdaq Technology · Software

Palantir Technologies PLTR

PLTR quote by TradingView

We build software that empowers organizations to effectively integrate their data, decisions, and operations at scale. 10-K, Item 1

Employees
4,429
Headquarters
Aventura, FL
CEO
Alexander C. Karp
Next results
around Feb 1, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $4.5B through the costs to a net profit of $1.6B · income statement of the 10-K

32% operating margin
Revenue to Gross profit: $3.7BRevenue to Cost of revenue: $789.2MGross profit to Operating profit: $1.4BGross profit to Operating expenses: $2.3BOperating profit to Net profit: $1.4BOperating profit to Tax: $22.7MOther income to Net profit: $233.7MOperating expenses to R&D: $557.7MOperating expenses to Sales, admin & other: $1.7B Revenue: $4.5B REVENUE $4.5B +56% Y/Y Gross profit: $3.7B · 82% margin GROSS PROFIT $3.7B 82% margin · +60% Y/Y Cost of revenue: $789.2M · 18% of revenue COST OF REVENUE $789.2M 18% of revenue Operating profit: $1.4B · 32% margin OPERATING PROFIT $1.4B 32% margin · +356% Y/Y Other income: $233.7M · 5% of revenue OTHER INCOME $233.7M 5% of revenue Operating expenses: $2.3B · 51% of revenue OPERATING EXPENSES $2.3B 51% of revenue Net profit: $1.6B · 36% margin NET PROFIT $1.6B 36% margin · +252% Y/Y Tax: $22.7M · 1% of revenue TAX $22.7M 1% of revenue R&D: $557.7M · 12% of revenue R&D $557.7M 12% of revenue Sales, admin & other: $1.7B · 38% of revenue SALES, ADMIN & OTHER $1.7B 38% of revenue
Gross profit $3.7B 82% margin · +60% Y/Y
Operating profit $1.4B 32% margin · +356% Y/Y
Net profit $1.6B 36% margin · +252% Y/Y
The full income statement, year by year

PLTR among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 56.2%, above 93% of 74 peers (their median 14.0%) REVENUE GROWTH 56.2% · above 93% Gross margin: 84.7%, above 94% of 67 peers (their median 56.4%) GROSS MARGIN 84.7% · above 94% Operating margin: 45.6%, above 90% of 70 peers (their median 22.2%) OPERATING MARGIN 45.6% · above 90% Net margin: 50.3%, above 95% of 74 peers (their median 18.9%) NET MARGIN 50.3% · above 95% FCF margin: 55.6%, above 97% of 70 peers (their median 22.3%) FCF MARGIN 55.6% · above 97% Return on capital: 12.4%, above 48% of 61 peers (their median 12.7%) RETURN ON CAPITAL 12.4% · above 48%
PLTR Peer median Below the median

What changed

10 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 17, 2026 against Feb 18, 2025.

Risk factors
10 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +81.2% vs revenue +56.2% (+25.0 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +81.2% vs revenue +56.2% (+25.0 pts)
  • Cash from operations $2.1B vs net income $1.6B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

10 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.

All 10 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Our results of operations may fluctuate, in part, because of the intensive nature of our sales efforts and the length and unpredictability of our sales cycle. As part of our standard sales efforts, we invest considerable time and expense evaluating the specific organizational needs of our potential customers and educating these…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    While we remain focused on operating efficiently, we anticipate that our operating expenses will continue to increase in the future. As we continue to expand our business, industry verticals, and the breadth of our operations, upgrade our infrastructure,
  3. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Large enterprises and government entities often undertake a significant evaluation process that results in a lengthy sales cycle, in some cases over twelve months, requiring approvals of multiple management personnel and more technical personnel than
  4. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Moreover, to the extent that we do not effectively address capacity constraints, upgrade our systems as needed, and continually develop our technology and network architecture to accommodate actual and anticipated changes in technology, our business,

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$1.9B$2.2B$2.9B$4.5B
Net income−$373.7M$209.8M$462.2M$1.6B
Operating cash flow$223.7M$712.2M$1.2B$2.1B
Free cash flow$183.7M$697.1M$1.1B$2.1B

Revenue, FY2018 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$4.5B ▲ 56.2% in FY2025

FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Palantir Technologies, Aventura, FL · from the 10-K filed Feb 17, 2026

We build software that empowers organizations to effectively integrate their data, decisions, and operations at scale. We were founded in 2003 and started building software for the intelligence community in the United States to assist in counterterrorism investigations and operations. We later began working with commercial enterprises, who often faced fundamentally similar challenges in working with data. We have built four principal software platforms, Palantir Gotham (“Gotham”), Palantir Foundry (“Foundry”), Palantir Apollo (“Apollo”), and our Artificial Intelligence Platform (“AIP”).

Headquarters
Aventura, FL
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 2, 2026

Employees, at the top of the page: "As of December 31, 2025, we had 4,429 full-time employees, 28% of whom are employed outside of the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 17, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/PLTR/export.csv") into a cell.