Palantir Technologies Inc. (PLTR) Fundamental Analysis

Palantir Technologies Inc. is in a high-growth phase, expanding revenue 93% year-over-year as it scales. It is solidly profitable, with a latest net margin of 55%. Cash generation is healthy, funding the business from its own operations. On the latest filing the majority of indicators are constructive.

Beat Index assesses Palantir Technologies Inc. across seventeen analysis tabs, spanning market multiples, revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q reads strongest on revenue growth, profit margins and cash generation while flagging balance-sheet strength for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.

At a glance

  • PositiveGrowth: Revenue up 93% YoY
  • WatchBalance Sheet: Current ratio 7.2x
  • ConcernNo red flags in the latest quarter.

Trend matrix, last 4 quarters

Dimension2026-06-302026-03-312025-12-312025-09-30
GrowthRevenue up 93% YoYRevenue up 85% YoYRevenue up 70% YoYRevenue up 63% YoY
ProfitabilityNet margin 55%Net margin 53%Net margin 43%Net margin 40%
Cash GenerationFCF margin 62%FCF margin 55%FCF margin 54%FCF margin 42%
Balance SheetCurrent ratio 7.2xCurrent ratio 6.9xCurrent ratio 7.1xCurrent ratio 6.4x

Quarterly financials

Metric2026-06-302026-03-312025-12-312025-09-302025-06-30
Revenue$1.94B$1.63B$1.41B$1.18B$1.00B
Cash & equivalents$2.03B$2.29B$1.42B$1.62B$929.5M
Net income$1.06B$870.5M$608.7M$475.6M$326.7M
Operating cash flow$1.22B$899.2M$777.3M$507.7M$539.3M
Free cash flow$1.20B$891.8M$764.0M$500.9M$531.6M

Figures in USD, as reported to the SEC. Longer history is available in the full analysis.

Sourced directly from SEC EDGARAs of 2026-06-30 (Q2 FY2026) · Evaluated as of 2026-08-04See original filing on SEC

What's inside the full dashboard

Seventeen analysis tabs, all sourced from SEC filings, no estimates.

  • Market Multiples: What buyers have actually paid for this business, week by week, against what they pay today.
  • Cash Flow: Free cash flow generation and operating cash flow trends.
  • Intrinsic Value: Discounted cash flow (DCF) valuation against your own discount rate.
  • Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
  • Margins: Gross, operating, and net profit margin analysis.
  • Returns: Return on equity, return on assets, and return on invested capital.
  • Revenue & Income: Revenue growth, composition, and year-over-year income trends.
  • Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
  • Risk: Debt levels, liquidity ratios, and financial risk indicators.
  • Insider: Insider stock transactions and executive activity.
  • Commitments: Operating leases, purchase commitments, and future obligations.

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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.