Computed from 5 years of SEC fundamentals + latest market data, ranked within Services-Prepackaged Software (227 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
2.47
Price / FV
Fair value · DCF
Deeply overvalued
~60% downside at this growth
25.0% / yr
-5%30%
Terminal growthWACC 9.8% · 10y forecast
Current price
$142
DCF fair value
$57.34
FCF base (last FY)
$1.63B
Net debt
$-1.42B
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
▲ +40.8% / yr▲ 21.1 pts / yr vs S&P 500▲ 449.4% total
Compare:
Live market
delayed ≤15 min
$135.59
Market cap
$284.62B
Enterprise value
$282.33B
P/E (trailing)
175.1×
Forward P/E
—
P/B
33.68×
Dividend yield
0.0%
52-wk high
$207.52
52-wk low
$122.68
Beta
—
Shares out
2.10B
5-year trend
What this company does
AI
Palantir builds data analytics and AI software platforms that act as operating systems for governments and large enterprises, helping them integrate disparate data to make operational decisions. The company earns revenue by selling software subscriptions and deployment services, primarily through its Gotham (defense/intelligence) and Foundry (commercial) platforms, plus the newer AIP product. Revenue surged 63% year-over-year to $1.18 billion in Q3 2025 with operating income more than tripling, reflecting accelerating commercial demand tied to its generative AI platform rollout.
Generated from PLTR's filing dated 2026-02-17
Key risks
AI
Stock-based compensation hit $488M over nine months (~16% of revenue), driving ongoing dilution; share count grew ~44M YTD despite buybacks
Extreme valuation risk: accumulated deficit still $4.17B despite $1.0B nine-month profit, leaving little margin for growth disappointment
Government/customer concentration implied by $368M customer deposits and $1.0B receivables (up 75% YTD) raises collection and contract-renewal exposure
Generated from PLTR's filing dated 2026-02-17
Profitability
Gross margin
82.4%
2.6%
Operating margin
31.6%
191.7%
Net margin
36.3%
125.1%
Return on equity
22.0%
138.1%
Return on assets
18.3%
150.5%
Leverage
Debt / equity
0.20×
23.4%
Long-term debt / equity
0.00×
Debt / assets
17.0%
19.4%
Earnings tracker
Quarter
Revenue
YoY
Net income
YoY
Net margin
Q1 2026
2026-03-31
$1.63B
+84.7%
$870.5M
+306.7%
53.3%
Q4 2025
2025-12-31
$1.41B
+70.0%
$608.7M
+670.4%
43.3%
Q3 2025
2025-09-30
$1.18B
+62.8%
$475.6M
+231.4%
40.3%
Q2 2025
2025-06-30
$1.00B
+48.0%
$326.7M
+143.6%
32.6%
Q1 2025
2025-03-31
$883.9M
+39.3%
$214.0M
+102.8%
24.2%
Q4 2024
2024-12-31
$827.5M
—
$79.0M
—
9.5%
Q3 2024
2024-09-30
$725.5M
+30.0%
$143.5M
+100.7%
19.8%
Q2 2024
2024-06-30
$678.1M
+27.2%
$134.1M
+376.9%
19.8%
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Prepackaged Software · SIC 7372
Your notes
Keep private notes on PLTR — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Officer title: Chief Accounting Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
Sale
830
$137.41
$114.1K
2026-05-20
Jeffrey Buckley
Officer title: Chief Accounting Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
Sale
29
$132.95
$3.9K
2026-05-20
Jeffrey Buckley
Officer title: Chief Accounting Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
Sale
74
$134.20
$9.9K
2026-05-20
Jeffrey Buckley
Officer title: Chief Accounting Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
Sale
119
$135.09
$16.1K
2026-05-20
Jeffrey Buckley
Officer title: Chief Accounting Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
Sale
964
$136.08
$131.2K
2026-05-20
Jeffrey Buckley
Officer title: Chief Accounting Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
Sale
526
$136.61
$71.9K
2026-05-20
David A. Glazer
Officer title: Chief Financial Officer and Treasurer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
286
$132.95
$38.0K
2026-05-20
David A. Glazer
Officer title: Chief Financial Officer and Treasurer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
745
$134.20
$100.0K
2026-05-20
David A. Glazer
Officer title: Chief Financial Officer and Treasurer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
1,188
$135.09
$160.5K
2026-05-20
David A. Glazer
Officer title: Chief Financial Officer and Treasurer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
9,647
$136.08
$1.3M
2026-05-20
David A. Glazer
Officer title: Chief Financial Officer and Treasurer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
5,262
$136.61
$718.9K
2026-05-20
Ryan D. Taylor
Officer title: Chief Revenue Officer and Chief Legal Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
328
$132.95
$43.6K
2026-05-20
Ryan D. Taylor
Officer title: Chief Revenue Officer and Chief Legal Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
856
$134.20
$114.9K
2026-05-20
Ryan D. Taylor
Officer title: Chief Revenue Officer and Chief Legal Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
1,364
$135.09
$184.3K
2026-05-20
Ryan D. Taylor
Officer title: Chief Revenue Officer and Chief Legal Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
11,074
$136.08
$1.5M
2026-05-20
Ryan D. Taylor
Officer title: Chief Revenue Officer and Chief Legal Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
6,040
$136.61
$825.2K
2026-05-20
Alexander C. Karp
Officer title: Chief Executive Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
6,635
$132.95
$882.1K
2026-05-20
Alexander C. Karp
Officer title: Chief Executive Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
17,310
$134.20
$2.3M
2026-05-20
Alexander C. Karp
Officer title: Chief Executive Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
27,595
$135.09
$3.7M
2026-05-20
Alexander C. Karp
Officer title: Chief Executive Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
224,009
$136.08
$30.5M
2026-05-20
Alexander C. Karp
Officer title: Chief Executive Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
122,195
$136.61
$16.7M
2026-05-20
Shyam Sankar
Officer title: Chief Technology Officer and Executive Vice President. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
2,761
$132.95
$367.1K
2026-05-20
Shyam Sankar
Officer title: Chief Technology Officer and Executive Vice President. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
7,203
$134.20
$966.7K
2026-05-20
Shyam Sankar
Officer title: Chief Technology Officer and Executive Vice President. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
11,483
$135.09
$1.6M
2026-05-20
Shyam Sankar
Officer title: Chief Technology Officer and Executive Vice President. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
93,218
$136.08
$12.7M
2026-05-20
Shyam Sankar
Officer title: Chief Technology Officer and Executive Vice President. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
50,849
$136.61
$6.9M
2026-05-20
Stephen Andrew Cohen
Officer title: President and Secretary. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
5,337
$132.95
$709.6K
2026-05-20
Stephen Andrew Cohen
Officer title: President and Secretary. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
13,923
$134.20
$1.9M
2026-05-20
Stephen Andrew Cohen
Officer title: President and Secretary. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
22,196
$135.09
$3.0M
2026-05-20
Stephen Andrew Cohen
Officer title: President and Secretary. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 24, 2026, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
Sale
180,187
$136.08
$24.5M
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PLTR
Institutional value
$59.46B
Total shares held
410.0M
Distinct holders
733
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
#
Manager
Shares
Value
QoQ change
Action
1
VANGUARD CAPITAL MANAGEMENT LLC
144.8M
$21.19B
—
New
2
VANGUARD PORTFOLIO MANAGEMENT LLC
50.0M
$7.32B
—
New
3
Invesco Ltd.
20.9M
$3.05B
—
New
4
Legal & General Group Plc
13.9M
$2.03B
—
New
5
VANGUARD FIDUCIARY TRUST CO
13.1M
$1.91B
—
New
6
Bank of New York Mellon Corp
12.7M
$1.86B
—
New
7
JENNISON ASSOCIATES LLC
10.8M
$1.57B
—
New
8
DEUTSCHE BANK AG\
10.1M
$1.48B
—
New
9
JANE STREET GROUP, LLC
9.2M
$1.34B
—
New
10
Swiss National Bank
6.7M
$980.7M
—
New
11
Mitsubishi UFJ Asset Management Co., Ltd.
5.4M
$788.9M
—
New
12
National Pension Service
5.2M
$758.3M
—
New
13
LPL Financial LLC
5.1M
$747.4M
—
New
14
Vanguard Global Advisers, LLC
5.0M
$728.5M
—
New
15
CITIGROUP INC
4.9M
$721.2M
—
New
16
WELLS FARGO & COMPANY/MN
4.7M
$684.9M
—
New
17
BNP PARIBAS FINANCIAL MARKETS
4.1M
$601.6M
—
New
18
DIMENSIONAL FUND ADVISORS LP
3.9M
$574.0M
—
New
19
RHUMBLINE ADVISERS
3.9M
$567.4M
—
New
20
California Public Employees Retirement System
3.9M
$564.1M
—
New
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
AI
1
Accounts receivable jumped 75% YTD to $1.01B against $3.07B revenue—are you pulling forward bookings or seeing collection deterioration in commercial?
2
Stock-based comp hit $488M YTD, ~16% of revenue, while you bought back only $56M—when does dilution from 2.57B diluted shares actually moderate?
3
Q3 revenue grew 63% YoY to $1.18B; how much is repeatable AIP expansion versus one-time government contract pull-ins ahead of budget cycles?
Refreshed when PLTR files a new report · last from 2026-02-17