Palantir Technologies(US:PLTR)2026-02-02 21:06Revenue Growth - U.S. revenue grew 93% year-over-year to $1.076 billion in Q4 2025, with U.S. commercial revenue increasing 137% year-over-year to $507 million[6] - Total revenue for FY 2025 reached $4.475 billion, representing a 56% year-over-year growth[6] - Revenue for Q4 2025 reached $1,406.8 million, a significant increase from $827.5 million in Q4 2024, representing a year-over-year growth of 70%[25] - For FY 2026, Palantir issued revenue guidance of $7.182 - $7.198 billion, with U.S. commercial revenue expected to exceed $3.144 billion, indicating a growth rate of at least 115%[12] Profitability - The company reported a GAAP net income of $609 million for Q4 2025, representing a 43% margin, and a full-year GAAP net income of $1.625 billion, representing a 36% margin[6] - Adjusted income from operations for FY 2025 was $2.254 billion, representing a 50% margin[7] - Adjusted operating margin for Q4 2025 was 57%, up from 45% in Q4 2024, indicating improved operational efficiency[30] - Net income attributable to common stockholders for the year ended December 31, 2025, was $1,625.0 million, compared to $462.2 million in 2024, marking a 251% increase[25] - Adjusted net income attributable to common stockholders for Q4 2025 was $608,676,000, while for the full year it was $1,625,033,000[33] Cash Flow and Liquidity - Cash from operations for FY 2025 was $2.134 billion, representing a 48% margin, with adjusted free cash flow of $2.270 billion, representing a 51% margin[6] - The company generated net cash provided by operating activities of $2,134.5 million for the year ended December 31, 2025, compared to $1,153.9 million in 2024, an increase of 85%[29] - Adjusted free cash flow for the year ended December 31, 2025, was $2,270.4 million, compared to $1,249.2 million in 2024, representing an increase of 82%[31] - Palantir's cash, cash equivalents, and short-term U.S. Treasury securities totaled $7.2 billion, providing a strong liquidity position[6] Customer Growth - The customer count grew 34% year-over-year, indicating strong demand for Palantir's services[6] - Palantir closed 180 deals of at least $1 million, including 61 deals of at least $10 million, with a record total contract value (TCV) of $4.262 billion, up 138% year-over-year[6] Financial Position - Total current assets increased to $8,358.2 million as of December 31, 2025, compared to $5,934.3 million in 2024, reflecting a growth of 41%[27] - Total liabilities increased to $1,412.4 million in 2025 from $1,246.5 million in 2024, a rise of 13%[27] - Cash and cash equivalents decreased to $1,423.8 million in 2025 from $2,098.5 million in 2024, a decline of 32%[27] Stock-Based Compensation - The company reported a stock-based compensation expense of $684.0 million for the year ended December 31, 2025, slightly down from $691.6 million in 2024[29] - The company reported stock-based compensation of $196,405,000 for Q4 2025 and $684,033,000 for the year[33] - Employer payroll taxes related to stock-based compensation amounted to $26,666,000 for Q4 2025 and $156,052,000 for the year[33] Earnings Per Share - Earnings per share attributable to common stockholders, diluted, was $0.63 for the year ended December 31, 2025, compared to $0.19 in 2024, reflecting a substantial increase[25] - Adjusted earnings per share (EPS), diluted, was $0.25 for Q4 2025 and $0.75 for the full year[33] Taxation - The income tax effects and adjustments for Q4 2025 were $(183,774,000) and $(549,480,000) for the full year[33] - The long-term estimated annual effective tax rate for the periods presented is 23.0%[33] Operational Efficiency - The company's Rule of 40 score is an impressive 127%, reflecting a combination of revenue growth and operational efficiency[3]