Palantir Technologies Inc. SEC 10-Q Report

Palantir Technologies Inc., a leading provider of data analytics and software solutions, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant growth in both financial and operational metrics, underscoring the company's robust performance and strategic initiatives in the commercial and government sectors.

Financial Highlights

• Total Revenue: $1,003.7 million, reflecting a 48% growth rate from the three months ended June 30, 2024.
• Gross Profit: $810.8 million, reflecting a gross margin of 81%.
• Income from Operations: $269.3 million, or adjusted income from operations of $464.4 million when excluding stock-based compensation and related employer payroll taxes.
• Net Income: $328.6 million, with a significant increase from the prior year period.
• Net Income Attributable to Common Stockholders: $326.7 million.
• Earnings per Share, Basic: $0.14, compared to $0.06 in the prior year period.
• Earnings per Share, Diluted: $0.13, compared to $0.06 in the prior year period.

Business Highlights

• Revenue Segments: The company reported a significant contribution from its government and commercial segments. Government revenue for the three months ended June 30, 2025, was $552.98 million, while commercial revenue was $450.71 million. The government segment contributed 63% to the total contribution margin, and the commercial segment contributed 64%.
• Geographical Performance: The United States remains a key market, contributing 73% of the total revenue for the three months ended June 30, 2025. The United Kingdom accounted for 10% of the revenue, while the rest of the world contributed 17%. This indicates a strong domestic market presence with growing international opportunities.
• New Product Launches: The company introduced its Artificial Intelligence Platform (AIP) in 2023, designed to integrate generative AI models with existing platforms like Gotham and Foundry. This new offering aims to enhance decision-making capabilities for both commercial and government sectors.
• Future Outlook: The company plans to expand its reach among a broader set of customers in both commercial and government sectors. It anticipates that as new partners grow, the company will grow with them, leveraging its platforms to address challenges faced by institutions globally.
• Macroeconomic Trends: The company is monitoring macroeconomic impacts such as geopolitical tensions and foreign currency fluctuations. While these factors have disrupted some operations, the company does not expect them to have a material impact on its business or results of operations.
• Customer Base Expansion: The company increased its customer base to 849 customers as of June 30, 2025, up from 593 customers in the previous year. This growth reflects the company's ability to expand its market presence and deepen relationships with existing customers.
• Operational Efficiency: The company reported a contribution margin of 64% for the three months ended June 30, 2025, up from 61% in the same period in 2024. This improvement highlights the company's operational efficiency in managing costs relative to revenue generation.

SEC Filing: Palantir Technologies Inc. [ PLTR ] - 10-Q - Aug. 04, 2025