Palantir Technologies (PLTR) stock
Information Technology · Application Software
Palantir Technologies (PLTR) is an Application Software company in the Information Technology sector, headquartered in Aventura, Florida. As of October 23, 2026, PLTR closed at $196.75, a market capitalization of $472.80 billion, the 21st largest company in the S&P 500. Over the last twelve months it generated $6.16 billion in revenue (+93% year over year) and $3.36 billion in free cash flow. The stock trades at 174.1x trailing earnings and 83.7x forward earnings.
- 1-year total return: +9.0% (dividends reinvested)
- 5-year return: +51.8% a year
- 52-week range: $106.37 – $212.94
- Gross margin 84.8%, operating margin 47.1%
- FI Handbook report card: B- across 10 metrics
- 7th largest of 75 Information Technology stocks in the S&P 500
PLTR price chart
1Y price change: +9.0% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PLTR | +2.6% | +10.7% | +9.0% | +129.9% | +51.8% | — | +64.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2020.
PLTR key statistics
- Market cap
- $472.8B
- #21 in S&P 500
- P/E (TTM)
- 174.1x
- Forward P/E
- 83.7x
- EPS (TTM)
- $1.13
- Revenue (TTM)
- $6.2B
- +93%
- Free cash flow
- $3.4B
- Gross margin
- 84.8%
- Operating margin
- 47.1%
- Return on equity
- 38.1%
- Dividend yield
- None
- 52-week range
- $106.37 – $212.94
- Beta
- 1.60
- Price / sales
- 76.8x
- EV / EBITDA
- 174.2x
- Debt / equity
- 0.02x
- Employees
- 4,401
PLTR report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth92.8%A
- Gross margin84.8%A
- Operating margin47.1%A
- FCF margin54.6%A
- Return on equity38.1%A
- Net debt / EBITDA-3.5xA
- Forward P/E83.7xF
- PEG ratio1.7xC
- Shareholder yield0.0%F
- Share count change / yr21.2%F
Palantir Technologies financials
Revenue went from $595.4M in fiscal 2018 to $4.5B in fiscal 2025, growing 33.4% a year.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $595.4M | $742.6M | $1.1B | $1.5B | $1.9B | $2.2B | $2.9B | $4.5B |
| Gross profit | $430.0M | $500.2M | $740.1M | $1.2B | $1.5B | $1.8B | $2.3B | $3.7B |
| Operating income | -$623.4M | -$576.4M | -$1.2B | -$411.0M | -$161.2M | $120.0M | $310.4M | $1.4B |
| Net income | -$580.0M | -$579.6M | -$1.2B | -$520.4M | -$373.7M | $209.8M | $462.2M | $1.6B |
| EPS (diluted) | $-1.17 | $-1.02 | $-1.20 | $-0.27 | $-0.18 | $0.09 | $0.19 | $0.63 |
| Free cash flow | -$52.0M | -$178.3M | -$308.8M | $321.2M | $183.7M | $697.1M | $1.1B | $2.1B |
| Buybacks | $7.7M | $11.2M | $3.8M | $0 | $0 | $0 | $64.2M | $75.0M |
| Diluted shares | 544.0M | 577.0M | 979.3M | 1.9B | 2.1B | 2.3B | 2.5B | 2.6B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PLTR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $463.6B and $3.4B of trailing free cash flow, Palantir Technologies needs to grow free cash flow about 64.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 312.3x vs. median 444.2x (10th–90th percentile 233.9x–931.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PLTR earnings
Next report: November 2, 2026. Palantir Technologies has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $1.9B (+93% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 3, 2026 | $0.35 | $0.41 | +18.5% |
| May 4, 2026 | $0.28 | $0.33 | +18.1% |
| Feb 2, 2026 | $0.23 | $0.25 | +8.6% |
| Nov 3, 2025 | $0.17 | $0.21 | +25.5% |
| Aug 4, 2025 | $0.14 | $0.16 | +15.6% |
| May 5, 2025 | $0.13 | $0.13 | +1.1% |
| Feb 3, 2025 | $0.11 | $0.14 | +23.7% |
| Nov 4, 2024 | $0.09 | $0.10 | +10.1% |
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PLTR news
- I Said Palantir Stock Would Top $220 This Year. Here's What It Has to Prove on Nov. 2. · Oct 25, 2026
- Here's What a $10,000 Investment in Palantir Could Be Worth in 10 Years · Oct 25, 2026
- Prediction: This Is Where Palantir Stock Will Trade When Its Revenue Hits $10 Billion · Oct 25, 2026
- Palantir CEO Alex Karp says neurodivergent workers will thrive in the AI era. An autistic psychologist says he has a point · Oct 25, 2026
- Palantir Stock Is Up 17% This Year. Why the Return Hides a 36% Drawdown · Oct 25, 2026
PLTR stock FAQ
What is PLTR's market cap?
Palantir Technologies's market capitalization is $472.80 billion as of October 23, 2026, ranking 21st in the S&P 500.
What is PLTR's P/E ratio?
PLTR trades at a trailing price-to-earnings ratio of 174.1x and a forward P/E of 83.7x. Its median P/E over the period we track is 444.2x.
Does PLTR pay a dividend?
No. Palantir Technologies does not currently pay a regular cash dividend.
How much has PLTR stock returned?
Including reinvested dividends, PLTR returned +9.0% over one year, +51.8% a year over five years through October 23, 2026.
Is PLTR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Palantir Technologies must grow free cash flow about 64% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does PLTR report earnings?
Palantir Technologies is expected to report earnings on November 2, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Palantir Technologies have?
Palantir Technologies has about 4,401 full-time employees, or $1.4 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology