Palantir Technologies Inc. (PLTR)
Information Technology · Application Software · US stock · S&P 500 component
$196.19
▼ -5.53 (2.74%)
Fair valueFair
$168 −14.6% to fair value
$84fair band $143–$203$251
Day's range
$194.54 – $202.63
52-week range
$106.37 – $212.94
About Palantir Technologies Inc.
Palantir Technologies builds software platforms that let organizations combine large and varied data sets and use them for analysis and decision making. Gotham is aimed at government defense and intelligence customers, while Foundry serves commercial companies, and the newer Artificial Intelligence Platform helps customers deploy AI models. Revenue comes mainly from software subscriptions and long-term contracts with governments and businesses, along with related services.
Revenue has grown 32.9% a year over three years, leaving the last twelve months at $6.2 billion. Operating margin is 42.8%. Return on invested capital comes to 649%. It does not pay a dividend. This gives an X-Ray Score of 63 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.
PLTR news
Palantir shares gain on Monday as reports cite a Knox cloud partnershipPalantir drops about 7% in a broad tech sell-off and is down 26% for the year
All PLTR news →Price chart
52-wk range $106.37 – $212.94Volume 22,880,756Daily, split-adjusted
Vitals
Market cap$504.0B
52-week range$106.37 – $212.94
Volume (last day)22,880,756
P/E (TTM)167.1
EBIT / EV yield0.5%
Free-cash-flow yield0.7%
Dividend yieldNo dividend
Revenue (TTM)$6.2B
Net income (TTM)$3.0B
Operating margin42.8%
Return on capital649.5%
Debt incl. leasesData missing
Cash & securities$9.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$168middle half of models $135 – $200
Fair
−14.6% to fair value
Average of the 10 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $196
Undervalued < $143Fair $143 – $203Overvalued > $203
P/E multiple
$206
P/B multiple
$111
P/S multiple
$104
EV/EBITDA multiple
$179
EV/EBIT multiple
$226
EV/revenue multiple
$128
10-year DCF, EBITDA exit
$171
5-year DCF, EBITDA exit
$214
10-year DCF, revenue exit
$155
5-year DCF, revenue exit
$182
10-year DCF, growth exit · not used
$18
5-year DCF, growth exit · not used
$17
Earnings power value · not used
$13
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
18/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield0.5%
Free-cash-flow yield0.7%
Fair value vs price0.9×
Growth
Strong
90/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)32.9%
Growth consistency100%
Profitability
Fair
64/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital649.5%
Operating margin42.8%
Gross profitability44.7%
Financial health
Strong
89/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+39.3%
Mar '25
+48.0%
Jun '25
+62.8%
Sep '25
+70.0%
Dec '25
+84.7%
Mar '26
+92.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.9B, diluted EPS $0.41.
Compare with peers
ADBE Adobe Inc.77 INTU Intuit Inc.71 FICO Fair Isaac Corp71 ADSK Autodesk, Inc.67Other Application Software companies by X-Ray Score.
SWOT analysis: Palantir Technologies Inc.
Strengthsinside the company
- Return on invested capital is 649.5%, against a median of 19.7% for industry peers.
- Operating margin of 42.8% is well above the 26.2% median of industry peers, a sign of pricing power or lower costs.
- Revenue has grown 32.9% a year over three years (median 12.3% for industry peers).
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Revenue growth picked up to 56.2% last year from 32.9% a year over three years.
- Our Market Compass rates the backdrop for Information Technology as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Trades at 167.1x earnings, 500% above the 27.8x median of industry peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare PLTR with peers and sector
Medians of 13 Application Software peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): ORCL 56, CRM 52, ADBE 77, INTU 71, DDOG 50, CDNS 49.
| Metric | PLTR | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 63 | 57 | 50 |
| Valuation | 18 | 67 | 52 |
| Growth | 90 | 63 | 54 |
| Profitability | 64 | 61 | 49 |
| Financial health | 89 | 47 | 49 |
| Dividends | – | 72 | 50 |
Sector leaders: highest X-Ray Score in Information Technology
PLTR ranks #11 of 75 in Information Technology and #5 of 14 in Application Software by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for PLTR
Each factor is rated by where PLTR stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 11 Good · 2 Average · 7 Bad of 20
Growth: 2 · 0 · 0
Profitability: 4 · 1 · 0
Financial strength: 3 · 0 · 0
Valuation: 0 · 0 · 5
Cash flow: 2 · 1 · 1
Efficiency: 0 · 0 · 1
| Factor | PLTR | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +32.9% | Good beats 94% | +9.7% | – | – |
| Revenue growth, last year | +56.2% | Good beats 93% | +13.7% | +28.8% | ▲ Better |
| Profitability | |||||
| Gross margin | 84.8% | Good beats 93% | 57.8% | 80.2% | ≈ In line |
| Operating margin | 42.8% | Good beats 87% | 20.3% | 5.4% | ▲ Better |
| Net margin | 49.0% | Good beats 93% | 17.8% | 9.4% | ▲ Better |
| Return on invested capital | 649.5% | Good beats 99% | 19.4% | – | – |
| Return on equity | 30.9% | Average beats 64% | 21.0% | 6.0% | ▲ Better |
| Financial strength | |||||
| Interest cover | 50.0x | Good beats 75% | 23.0x | -39.7x | ▲ Better |
| Current ratio | 7.23 | Good beats 99% | 1.57 | 5.55 | ▲ Better |
| Piotroski F-score | 8 / 9 | Good beats 89% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 167.1x | Bad beats 6% | 33.6x | 280.6x | ▲ Better |
| Price / book | 51.6x | Bad beats 5% | 8.3x | 15.3x | ▼ Worse |
| Price / sales | 81.9x | Bad beats 1% | 6.9x | 22.7x | ▼ Worse |
| EV / EBITDA | 185.8x | Bad beats 2% | 24.7x | – | – |
| Free cash flow yield | 0.7% | Bad beats 11% | 3.4% | 0.9% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 54.6% | Good beats 97% | 22.3% | 31.3% | ▲ Better |
| Cash from operations / net income | 1.13 | Bad beats 27% | 1.39 | 2.50 | ▼ Worse |
| Free cash flow growth, 3 years a year | +125.3% | Good beats 96% | +15.4% | – | – |
| Accruals (lower is better) | −3.3% | Average beats 38% | −4.4% | – | – |
| Efficiency | |||||
| Days sales outstanding | 88 days | Bad beats 13% | 63 days | 60 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 10 Good · ● 1 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 66/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.9B | $2.2B | $2.9B | $4.5B |
| Operating income | −$411M | −$161M | $120M | $310M | $1.4B |
| Net income | −$520M | −$374M | $210M | $462M | $1.6B |
| Operating cash flow | $334M | $224M | $712M | $1.2B | $2.1B |
| Operating margin | -26.7% | -8.5% | 5.4% | 10.8% | 31.6% |
| Free cash flow | $321M | $184M | $697M | $1.1B | $2.1B |
| Diluted EPS | $-0.27 | $-0.18 | $0.09 | $0.19 | $0.63 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 4 neutral · 2 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 199.9 | Bearish |
| EMA 10 | 196.8 | Bearish |
| SMA 20 | 195.2 | Bullish |
| EMA 20 | 194.1 | Bullish |
| SMA 50 | 184.4 | Bullish |
| EMA 50 | 182.6 | Bullish |
| SMA 100 | 159.1 | Bullish |
| EMA 100 | 169.8 | Bullish |
| SMA 200 | 153.1 | Bullish |
| EMA 200 | 159.5 | Bullish |
Oscillators (daily)
| RSI (14) | 53.98 | Neutral |
| MACD (12, 26) | 4.54 | Bullish |
| Momentum (12) | 2.15 | Bullish |
| Stochastic %K (14) | 41.21 | Neutral |
| Williams %R (14) | -58.79 | Neutral |
| CCI (20) | 28.62 | Neutral |
Pivot points (classic, last session)
S3 184.8 | S2 189.7 | S1 192.9 | Pivot 197.8 | R1 201.0 | R2 205.9 | R3 209.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold PLTR
| ETF | Share of the fund |
|---|---|
| PLTU Direxion Daily PLTR Bull 2X | 19.52% |
| AIPI REX AI Equity Premium Income | 9.11% |
| IGV iShares Expanded Tech-Software Sector | 7.70% |
| SHLD Global X Defense Tech | 7.07% |
| ULTY YieldMax Ultra Option Income Strategy | 4.48% |
| FEPI REX FANG & Innovation Equity Premium I... | 4.22% |
| IVES Dan IVES Wedbush AI Revolution | 3.42% |
| ARKK ARK Innovation | 3.11% |
The eight funds with the largest weight in PLTR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
PLTR SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.