PLTR Palantir Technologies

FY2025 10-K
Filed: Feb 17, 2026
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

Palantir Technologies (PLTR) filed its fiscal year 2025 10-K annual report with the SEC on Feb 17, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Software platforms integrating data, decisions, and operations for government and commercial customers worldwide
  • New product emphasis: Artificial Intelligence Platform (AIP) launched in 2023, combining generative AI and LLMs with existing platforms for secure, ethical AI-driven decision-making
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Management Discussion & Analysis

  • Revenue $4.5B in 2025, up 56% YoY from $2.9B in 2024
  • Gross margin 82% in 2025 vs 80% in 2024; adjusted gross margin 84% vs 83%
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Risk Factors

  • Regulatory risk: U.S. government contract terminations for convenience under federal procurement regulations, impacting $4.4B government deal value as of Dec 31, 2025
  • Macroeconomic risk: Foreign currency fluctuations (primarily Euro, GBP, JPY) potentially adversely affect non-U.S. customer revenues and costs, though impacts not material in 2025
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Financial Summary
XBRL

Revenue

$4.5B

Net Income

$1.6B

Gross Margin

82.4%

Operating Margin

31.6%

Net Margin

36.3%

ROE

22.0%

Total Assets

$8.9B

EPS (Diluted)

$0.63

Operating Cash Flow

$2.1B

Source: XBRL data from Palantir Technologies FY2025 10-K filing on SEC EDGAR. All figures in USD.

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