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Palantir surveils everybody but its own misleading accounts
Michael West· 2026-02-18 07:19
Core Insights - Palantir Technologies has secured a $7.6 million contract with the Department of Defence's Cyber Warfare Division, marking the largest contract awarded to the company by this department [1] - The company has been expanding its presence in Australia, having received multiple contracts with various Australian security agencies [2] - Despite facing scrutiny over its global operations and controversies related to its work with US Immigration and Customs Enforcement and the Israeli government, Palantir's revenue has significantly increased [5] Contract Details - The recent contract is for an "ICT System Platform" and follows a previous $7.1 million contract for "Data Services" awarded in 2024, which is set to run until December 2027 [2] - Palantir has also received contracts from the Australian Signals Directorate, the Australian Criminal Intelligence Commission, and the Australian Transaction Reports and Analysis Centre [2] Financial Performance - Palantir Technologies Inc reported fourth-quarter 2025 revenue of $1.407 billion, reflecting a 70% year-on-year increase [5] Regulatory Issues - Palantir Technologies Australia Pty Ltd has not lodged audited financial statements with ASIC, despite being required to do so under certain conditions [6] - The company is part of a "large group" due to its parent company, Palantir Technologies Inc, which controls it and has received approximately $10 million in Australian government contracts [9] - ASIC has issued $2.2 million in infringement notices for financial reporting failures and is prioritizing enforcement against non-compliance in 2026 [10]