Palantir Technologies Inc. (PLTR) Stock

Palantir Technologies Inc. (PLTR) is a Technology stock trading at $132.11 (as of 2026-07-17), with a market capitalization of $316.69B and a trailing P/E of 138.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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 Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.

Understand Palantir Technologies Inc.: how it makes money

Palantir Technologies builds and deploys intelligence software platforms, including Palantir Gotham, that help users identify patterns in datasets and connect analysts to operational teams, generating revenue from providing these platforms to government and commercial customers.

The profit engine is commercial expansion supported by high Net Dollar Retention (150%), backed by a large Remaining Performance Obligations balance (4.5B) that represents future revenue to be recognized.

Revenue by segment (latest quarter)
Government$0.9B
Commercial$0.8B

Business quality (Exceptional): Strong commercial retention and a sizable backlog point to durable demand, but the revenue mix still relies meaningfully on government work, which can shift with program and procurement cycles.

Valuation: Trades at 127× trailing earnings · $271B market cap.

Bull case

  • Commercial momentum: Net Dollar Retention is 150%, indicating that existing customers, in aggregate, expand their spend over time.
  • Backlog visibility: Remaining Performance Obligations are USD_B 4.5, providing a stated pool of future performance tied to existing deals.

Bear case

  • Government exposure: Government revenue is USD_B 0.86 versus Commercial revenue of USD_B 0.77, so results can be affected by changes in government purchasing and priorities.
  • Concentration in a specific software use case: The platform is designed for intelligence and operations workflows (pattern discovery and analyst-to-operator handoff), which can limit demand shifts if customer needs or adoption timelines change.
Valuation — source: SEC EDGAR (first-party)
Price$132.11
Market Cap$316.69B
P/E Ratio138.8
EV / EBITDA155.8
Price / Book37.01
Price / Sales60.62
FCF Yield0.8%
DCF Value (model)$43.93
DCF Upside vs Price-66.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.48B
Net Margin36.3%
Revenue Growth (YoY)84.7%
EPS Growth (YoY)300.0%
FCF Growth (YoY)193.3%
Financial Health — source: SEC EDGAR
Altman Z-Score135.63 (safe)
Valuation vs Sector & Industry
Stock P/E138.8
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector300.3%
vs Industry351.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($38.30B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOAlexander C. Karp
Employees4,001
CountryUS
IPO Date2020-09-30

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PLTR earnings history · PLTR institutional & insider holders · PLTR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.