FY2018 – FY2025 · PLTR · CIK 1321655
Palantir Financials
Revenue, government-vs-commercial segment split, year-end headcount, R&D spending, and top-customer concentration — every chart point sourced to a 10-K filing. EDGAR XBRL pulled live on every build of this page.
Gov / commercial split (FY2025)
54% / 46%
From the FY2025 10-K segment note.
Year-end headcount (2025)
4,429
From the FY2025 10-K Human Capital section.
R&D as % of revenue (FY2025)
12%
R&D $558M / revenue $4.48B.
Stock price (PLTR)
Live current price plus a five-year history. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget. The bars on this chart are end-of-day; intraday prices live in TradingView's iframe and are not pulled into this site's data.
Most recent Palantir SEC filings
The freshness frontier — the latest filing of each material form type, fetched live from EDGAR on every build. The 10-K marked “Anchors this page” is the source of every value below; the others are surfaced for transparency.
2 material filings have been filed since the anchor 10-K above (1 DEF 14A, 1 ARS). The financial metrics on this page (revenue, segments, headcount, R&D) are still anchored to the 10-K because subsequent filings either don't include those metrics (DEF 14A is governance / exec comp; 8-Ks are individual material events; ARS is a reformatted version of the 10-K) or haven't been filed yet (the next 10-Q with a fresh quarterly cut).
Annual revenue
As reported on the consolidated statement of operations in each year's 10-K. Pulled live from SEC EDGAR XBRL on every build of this page; the underlying tag is RevenueFromContractWithCustomerExcludingAssessedTax (post-ASC-606) with a fallback to Revenues.
Show table
| Fiscal year | Revenue | Source |
|---|---|---|
| FY2018 | $595M | 10-K filed 2021-02-26 |
| FY2019 | $743M | 10-K filed 2022-02-24 |
| FY2020 | $1.09B | 10-K filed 2023-02-21 |
| FY2021 | $1.54B | 10-K filed 2024-02-20 |
| FY2022 | $1.91B | 10-K filed 2025-02-18 |
| FY2023 | $2.23B | 10-K filed 2026-02-17 |
| FY2024 | $2.87B | 10-K filed 2026-02-17 |
| FY2025 | $4.48B | 10-K filed 2026-02-17 |
Government vs. Commercial revenue
Per Palantir's two-segment reporting structure (Government / Commercial). Hand-curated from each year's 10-K segment-revenue note — the EDGAR companyfacts JSON does not expose segment-disaggregated facts. Each row's source link points to the underlying 10-K filing.
Show table
| FY | Government | Commercial | Gov % | Source |
|---|---|---|---|---|
| FY2020 | $610M | $483M | 56% | 10-K filed 2021-02-26 |
| FY2021 | $897M | $645M | 58% | 10-K filed 2022-02-24 |
| FY2022 | $1.06B | $843M | 56% | 10-K filed 2023-02-21 |
| FY2023 | $1.21B | $1.01B | 54% | 10-K filed 2024-02-20 |
| FY2024 | $1.57B | $1.30B | 55% | 10-K filed 2026-02-17 |
| FY2025 | $2.40B | $2.07B | 54% | 10-K filed 2026-02-17 |
Year-end headcount
As disclosed in the "Human Capital" section of each year's 10-K. EDGAR companyfacts XBRL does not structure this field; values are parsed from the 10-K narrative and verified against the source filing in each refresh cycle.
Show table
| FY end | Employees | Source |
|---|---|---|
| FY2020 | 2,439 | 10-K filed 2021-02-26 |
| FY2021 | 2,930 | 10-K filed 2022-02-24 |
| FY2022 | 3,838 | 10-K filed 2023-02-21 |
| FY2023 | 3,857 | 10-K filed 2024-02-20 |
| FY2024 | 4,001 | 10-K filed 2025-02-18 |
| FY2025 | 4,429 | 10-K filed 2026-02-17 |
R&D spending
Annual research-and-development expense as reported on the consolidated income statement. Bar height is absolute dollars; the percentage in each label is R&D as a share of revenue that fiscal year. Live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).
Show table
| FY | R&D | Revenue | % of revenue |
|---|---|---|---|
| FY2018 | $285M | $595M | 47.9% |
| FY2019 | $306M | $743M | 41.2% |
| FY2020 | $561M | $1.09B | 51.3% |
| FY2021 | $387M | $1.54B | 25.1% |
| FY2022 | $360M | $1.91B | 18.9% |
| FY2023 | $405M | $2.23B | 18.2% |
| FY2024 | $508M | $2.87B | 17.7% |
| FY2025 | $558M | $4.48B | 12.5% |
Other metrics
Operating income, net income, stock-based compensation, and operating cash flow — the standard 10-K-derived secondary metrics. All values pulled live from SEC EDGAR XBRL on every build.
| Metric | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income (Loss) | -$623M | -$576M | -$1.17B | -$411M | -$161M | $120M | $310M | $1.41B |
| Net Income (Loss) | -$580M | -$580M | -$1.17B | -$520M | -$374M | $210M | $462M | $1.63B |
| Stock-Based Compensation | $249M | $242M | $1.27B | $778M | $565M | $476M | $692M | $684M |
| Operating Cash Flow | -$39M | -$165M | -$297M | $334M | $224M | $712M | $1.15B | $2.13B |
Customer concentration
From the "Risk Factors" section of the most recent 10-K. The customer-concentration disclosure is structurally important for Palantir — the federal-agency tail in the Government segment makes top-customer concentration higher than typical enterprise software peers.
For FY2025, Palantir's top three customers together accounted for 16% of total revenue (down from 17% in FY2024), and have been customers of Palantir for an average of ten years as of December 31, 2025. Average revenue from each of the top twenty customers on a trailing-twelve-month basis was $93 million as of December 31, 2025, up from $64 million as of December 31, 2024 — disclosed in the 10-K as a sign of expanding relationships with existing customers.
Source: 10-K covering FY ending 2025-12-31, filed 2026-02-17. Paraphrased from the 'Risk Factors' section of the FY2025 10-K filed 2026-02-17.
Methodology & data sources
Live data. Annual revenue, R&D, operating income, net income, stock-based compensation, and operating cash flow are fetched live from Palantir's SEC EDGAR XBRL company-facts endpoint on every build of this page. The build aborts loud if EDGAR is unreachable rather than ship pre-fetched values.
Hand-curated, source-tagged. Government-vs-commercial segment splits, year-end headcount, and the customer-concentration paragraph are not exposed in the EDGAR companyfacts JSON. Each value is hand-curated from the underlying 10-K filing's segment note, "Human Capital" section, or "Risk Factors" prose, and tagged with the filing's accession number. The build script compares the most recent 10-K accession on EDGAR to what each value was verified against; if a newer 10-K has been filed, a "Verification due" banner appears next to the affected section.
Refresh cadence. The recurring refresh-palantir-financials task runs quarterly aligned with Palantir's 10-Q filing cadence (early February / May / August / November). It re-extracts the hand-curated segment, headcount, and customer-concentration values from the latest 10-K and updates source-accession tags.
What's intentionally not here. Live market cap (different licensing for market-data fields beyond price; the page refreshes quarterly, so a real-time market-cap calc against fresh share counts would be misleading). Forward guidance, analyst estimates, and price targets (out of scope — the page is reported actuals). Editorial framing about whether the stock is over- or under-valued. The stock-price chart at the top of the page is the only live-market data on the page; it is loaded directly into your browser from TradingView's CDN, not redistributed by this site.
Cross-references. Tech Filings for every Palantir SEC filing in chronological order. Federal Tech Spending for the US-government side cross-check (USAspending obligations vs. the segment-revenue Government line). Palantir's row on the Orgs index for the company profile.
Last build: 2026-04-29 23:40 UTC. Latest 10-K on EDGAR: 0001321655-26-000011 filed 2026-02-17. Hand-curated source-tag anchor: 0001321655-26-000011.