Palantir Technologies Inc.

PLTR

Services prepackaged software

Last filing · Quarter 2 · Jun 30, 2026

3 more years with Pro

Palantir Technologies Inc. back to 2020, every line as filed.

USD ($) $ in Thousands	LTM	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Operating activities
Net income	$ 3,030,719	$ 1,634,644	$ 467,918	$ 217,375
Net loss	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	27,978	26,145	31,587	33,354
Stock-based compensation	835,524	684,033	691,638	475,903
Deferred income taxes	-	-	-	(4,806)
Change in fair value of warrants	-	-	-	-
Impairment of assets held for sale	-	-	-	-
Noncash operating lease expense	-	-	41,239	47,019
Unrealized and realized (gain) loss from marketable securities, net	(40,562)	21,228	19,306	13,160
Noncash consideration	-	(37,244)	(52,521)	(46,609)
Gain from step acquisition	-	-	-	0
Unrealized and realized loss (gain) from marketable securities, net	-	-	-	-
Other operating activities	(96,485)	15,630	24,795	(29,449)
Changes in operating assets and liabilities:
Accounts receivable, net	(720,729)	(450,429)	(211,157)	(106,159)
Prepaid expenses and other assets	5,380	51,979	7,202	(6,197)
Accounts payable and accrued liabilities	44,554	4,659	-	-
Other assets	-	-	4,681	3,242
Accounts payable	-	-	(18,841)	(31,832)
Accrued liabilities	-	-	115,634	52,895
Deferred revenue, current and noncurrent	-	-	22,356	79,512
Contract liabilities	374,550	238,688	54,440	64,347
Other liabilities	(47,835)	(54,860)	-	-
Operating lease liabilities, current and noncurrent	-	-	(48,966)	(49,630)
Deferred rent	-	-	-	-
Other noncurrent liabilities	-	-	4,554	58
Net cash provided by operating activities	3,400,291	2,134,473	1,153,865	712,183
Investing activities
Purchases of property and equipment	(42,019)	(33,882)	(12,634)	(15,114)
Purchases of marketable securities	(8,631,128)	(7,702,060)	(5,395,913)	(5,636,406)
Proceeds from sales and redemption of marketable securities	6,391,142	5,026,315	5,073,507	2,889,268
Business combinations, net of cash acquired	-	-	-	0
Purchases of equity method investments	-	-	-	-
Return of capital from equity method investment	-	-	-	-
Purchases of alternative investments	-	-	-	0
Proceeds from sales of alternative investments	-	-	-	51,072
Purchases of privately-held securities	-	(72,924)	-	0
Other investing activities	-	(1,000)	(5,615)	0
Net cash used in investing activities	(2,285,929)	(2,783,551)	(340,655)	(2,711,180)
Financing activities
Purchase of assets held for sale	-	-	-	-
Proceeds from the issuance of common stock, net of issuance costs	-	-	-	-
Proceeds from issuance of debt, net of borrowing costs	-	-	-	-
Principal payments on borrowings	-	-	-	0
Proceeds from the exercise of common stock options	43,663	129,107	745,396	218,238
Repurchases of common stock	-	74,985	(64,196)	-
Taxes paid related to net share settlement of equity awards	-	(81,117)	(218,280)	-
Proceeds from the exercise of common stock options	-	-	-	-
Proceeds from the sale of redeemable convertible preferred stock	-	-	-	-
Redemption of redeemable convertible preferred stock	-	-	-	-
Repurchase of convertible preferred stock	-	-	-	-
Other financing activities	(1,357)	85	444	601
Net cash provided by (used in) financing activities	3,915	(26,910)	463,364	218,839
Effect of foreign exchange on cash, cash equivalents, and restricted cash	(6,153)	7,477	(6,745)	2,930
Net cash provided by (used in) financing activities	1,112,124	(668,511)	1,269,829	(1,777,228)
Supplemental disclosures of cash flow information
Cash paid for income taxes	-	-	16,179	13,515
Cash paid for interest	-	-	-	-
Supplemental disclosures of non-cash investing and financing information:
Accretion of redeemable convertible preferred stock to redemption value	-	-	-	-
Reclassification of redeemable convertible preferred stock into convertible preferred stock upon expiration of redemption option	-	-	-	-
Noncash investing and financing activities
Accrued taxes related to net share settlement of equity awards	$ 0	$ 0	$ 84,207	-