Palantir Technologies
23 of 416 with a diagram, by size
Q2 FY26 Apr 1 – Jun 30, 2026
Revenue$1.94B
+93% year over year
Gross profit$1.64B
85% margin
Operating profit$0.91B
47% margin
Net profit$1.06B
55% margin
Net profit is larger than what operations earned, because the statement adds $0.17B below it, under Other income, net.
The numbers behind the diagram
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.94 | 100% | +93% |
| Cost of revenue | −0.30 | 15% | |
| Gross profit | 1.64 | 85% margin | +4pp |
| R&D | −0.19 | 10% | −4pp |
| Sales & marketing | −0.34 | 18% | −7pp |
| G&A | −0.20 | 10% | −6pp |
| Operating profit | 0.91 | 47% margin | +20pp |
| Other income, net | 0.17 | ||
| Tax | −0.02 | ||
| Net profit | 1.06 | 55% margin | +22pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.63 | 100% | +85% |
| United States | 1.28 | 79% | |
| Rest of world | 0.22 | 13% | |
| United Kingdom | 0.13 | 8% | |
| Cost of revenue | −0.22 | 13% | |
| Gross profit | 1.42 | 87% margin | +6pp |
| R&D | −0.16 | 10% | −5pp |
| Sales & marketing | −0.32 | 20% | −7pp |
| G&A | −0.18 | 11% | −7pp |
| Operating profit | 0.75 | 46% margin | +26pp |
| Other income, net | 0.13 | ||
| Tax | −0.01 | ||
| Net profit | 0.87 | 53% margin | +29pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.41 | 100% | +70% |
| Government operating | 0.73 | 52% | +60% |
| Commercial | 0.68 | 48% | +82% |
| Cost of revenue | −0.22 | 15% | |
| Gross profit | 1.19 | 85% margin | +6pp |
| R&D | −0.14 | 10% | −11pp |
| Sales & marketing | −0.30 | 22% | −13pp |
| G&A | −0.17 | 12% | −10pp |
| Operating profit | 0.58 | 41% margin | +40pp |
| Other income, net | 0.04 | ||
| Tax | −0.01 | ||
| Net profit | 0.61 | 43% margin | +34pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.18 | 100% | +63% |
| Government operating | 0.63 | 54% | +55% |
| Commercial | 0.55 | 46% | +73% |
| Cost of revenue | −0.21 | 18% | |
| Gross profit | 0.97 | 82% margin | +3pp |
| R&D | −0.14 | 12% | −4pp |
| Sales & marketing | −0.28 | 23% | −6pp |
| G&A | −0.16 | 14% | −5pp |
| Operating profit | 0.39 | 33% margin | +18pp |
| Other income, net | 0.08 | ||
| Net profit | 0.48 | 40% margin | +20pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.73 | 100% | +30% |
| Government operating | 0.41 | 56% | +33% |
| Commercial | 0.32 | 44% | +27% |
| Cost of revenue | −0.15 | 20% | |
| Gross profit | 0.58 | 80% margin | −1pp |
| R&D | −0.12 | 16% | −3pp |
| Sales & marketing | −0.21 | 29% | −3pp |
| G&A | −0.14 | 19% | −4pp |
| Operating profit | 0.11 | 16% margin | +8pp |
| Other income, net | 0.04 | ||
| Tax | −0.01 | ||
| Net profit | 0.14 | 20% margin | +7pp |
Financial health
The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.
Assets $11.68B Liabilities $1.79B Equity $9.89B as of Jun 30, 2026
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Assets | $11.68B | 100% |
| Cash | $2.03B | 17% |
| Short-term investments | $7.38B | 63% |
| Receivables | $1.49B | 13% |
| Other current assets | $0.21B | 2% |
| Property & equipment | $0.06B | 1% |
| Lease right-of-use | $0.23B | 2% |
| Other assets | $0.29B | 2% |
| Liabilities | $1.79B | 15% |
| Payables | $<0.01B | 0% |
| Accrued liabilities | $0.50B | 4% |
| Deferred revenue | $0.58B | 5% |
| Other current liabilities | $0.25B | 2% |
| Lease liabilities | $0.21B | 2% |
| Other liabilities | $0.24B | 2% |
| Equity | $9.89B | 85% |
| Stockholders' equity | $9.77B | 84% |
| Minority interests | $0.11B | 1% |
Money moved $1.48B Free cash flow $1.20B Apr 1 – Jun 30, 2026 Quarter derived from year-to-date statements.
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Where the money came from | $1.48B | 100% |
| Operating cash flow | $1.22B | 82% |
| Shares issued | $0.01B | 0% |
| Other financing | $0.00B | 0% |
| Currency effect | $0.00B | 0% |
| Taken from cash | $0.26B | 18% |
| Where it went | −$1.48B | 100% |
| Capital expenditure | −$0.02B | 1% |
| Investments bought, net | −$1.47B | 99% |
Total debt $0.0B Cash & short-term investments $9.4B Net cash $9.4B Operating cash flow, last 4 quarters $3.4B
The numbers behind the diagram
Debt to equity 0.00× (no meaningful debt) Net cash $9.41B Interest coverage – no meaningful interest expense Return on invested capital 1035.9% Cost of debt, after tax – no meaningful interest expense Book values as of Jun 30, 2026.
The numbers behind the diagram
| Item | Value | How it is computed |
|---|---|---|
| Total debt short-term and long-term borrowings, as on the debt tab | $0.00B | short-term and long-term borrowings, as on the debt tab |
| Equity, book value stockholders' equity incl. minority interests, as on the balance sheet | $9.89B | stockholders' equity incl. minority interests, as on the balance sheet |
| Total capital total debt + equity | $9.89B | total debt + equity |
| Debt share total debt / total capital | 0% | total debt / total capital |
| Equity share equity / total capital | 100% | equity / total capital |
| Net cash total debt − cash and short-term investments | $9.41B | total debt − cash and short-term investments |
| EBIT, last 4 quarters operating income, four quarters summed | $2.64B | operating income, four quarters summed |
| Depreciation & amortisation, last 4 quarters from the cash flow statement, four quarters summed | $0.03B | from the cash flow statement, four quarters summed |
| EBITDA, last 4 quarters EBIT + depreciation & amortisation | $2.66B | EBIT + depreciation & amortisation |
| Interest expense, last 4 quarters four quarters summed | – | four quarters summed |
| Debt to equity total debt / equity | 0.00×(no meaningful debt) | total debt / equity |
| Net debt to EBITDA net debt / EBITDA | –net cash $9.41B | net debt / EBITDA |
| Interest coverage EBIT / interest expense | –no meaningful interest expense | EBIT / interest expense |
| Effective tax rate income tax / pretax income, kept within 0 to 50% | 1.3% | income tax / pretax income, kept within 0 to 50% |
| NOPAT, last 4 quarters EBIT × (1 − effective tax rate) | $2.60B | EBIT × (1 − effective tax rate) |
| Invested capital, average total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Jun 30, 2025) | $0.25B | total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Jun 30, 2025) |
| Return on invested capital NOPAT / average invested capital | 1035.9% | NOPAT / average invested capital |
| Cost of debt, before tax interest / average total debt: the average coupon of the debt on the books, not today's market rate | –no meaningful interest expense | interest / average total debt: the average coupon of the debt on the books, not today's market rate |
| Cost of debt, after tax cost of debt before tax × (1 − effective tax rate) | –no meaningful interest expense | cost of debt before tax × (1 − effective tax rate) |
| Cost of equity risk-free rate + beta × equity risk premium | –needs market data | risk-free rate + beta × equity risk premium |
| Weighted average cost of capital cost of equity and after-tax cost of debt, weighted by market value | –needs market data | cost of equity and after-tax cost of debt, weighted by market value |
| Value creation spread ROIC − WACC | –needs market data | ROIC − WACC |
Assets $10.20B Liabilities $1.64B Equity $8.56B as of Mar 31, 2026
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Assets | $10.20B | 100% |
| Cash | $2.29B | 22% |
| Short-term investments | $5.74B | 56% |
| Receivables | $1.41B | 14% |
| Other current assets | $0.12B | 1% |
| Property & equipment | $0.06B | 1% |
| Lease right-of-use | $0.23B | 2% |
| Other assets | $0.36B | 4% |
| Liabilities | $1.64B | 16% |
| Payables | $0.07B | 1% |
| Accrued liabilities | $0.12B | 1% |
| Deferred revenue | $0.52B | 5% |
| Other current liabilities | $0.22B | 2% |
| Lease liabilities | $0.21B | 2% |
| Other liabilities | $0.51B | 5% |
| Equity | $8.56B | 84% |
| Stockholders' equity | $8.45B | 83% |
| Minority interests | $0.11B | 1% |
Money moved $0.90B Free cash flow $0.89B Jan 1 – Mar 31, 2026
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Where the money came from | $0.90B | 100% |
| Operating cash flow | $0.90B | 99% |
| Shares issued | $0.01B | 1% |
| Where it went | −$0.90B | 100% |
| Capital expenditure | −$0.01B | 1% |
| Investments bought, net | −$0.02B | 2% |
| Other financing | −$<0.01B | 0% |
| Currency effect | −$<0.01B | 0% |
| Added to cash | −$0.87B | 97% |
Total debt $0.0B Cash & short-term investments $8.0B Net cash $8.0B Operating cash flow, last 4 quarters $2.7B
The numbers behind the diagram
Debt to equity 0.00× (no meaningful debt) Net cash $8.03B Interest coverage – no meaningful interest expense Return on invested capital 636.6% Cost of debt, after tax – no meaningful interest expense Book values as of Mar 31, 2026.
The numbers behind the diagram
| Item | Value | How it is computed |
|---|---|---|
| Total debt short-term and long-term borrowings, as on the debt tab | $0.00B | short-term and long-term borrowings, as on the debt tab |
| Equity, book value stockholders' equity incl. minority interests, as on the balance sheet | $8.56B | stockholders' equity incl. minority interests, as on the balance sheet |
| Total capital total debt + equity | $8.56B | total debt + equity |
| Debt share total debt / total capital | 0% | total debt / total capital |
| Equity share equity / total capital | 100% | equity / total capital |
| Net cash total debt − cash and short-term investments | $8.03B | total debt − cash and short-term investments |
| EBIT, last 4 quarters operating income, four quarters summed | $1.99B | operating income, four quarters summed |
| Depreciation & amortisation, last 4 quarters from the cash flow statement, four quarters summed | $0.03B | from the cash flow statement, four quarters summed |
| EBITDA, last 4 quarters EBIT + depreciation & amortisation | $2.02B | EBIT + depreciation & amortisation |
| Interest expense, last 4 quarters four quarters summed | – | four quarters summed |
| Debt to equity total debt / equity | 0.00×(no meaningful debt) | total debt / equity |
| Net debt to EBITDA net debt / EBITDA | –net cash $8.03B | net debt / EBITDA |
| Interest coverage EBIT / interest expense | –no meaningful interest expense | EBIT / interest expense |
| Effective tax rate income tax / pretax income, kept within 0 to 50% | 1.3% | income tax / pretax income, kept within 0 to 50% |
| NOPAT, last 4 quarters EBIT × (1 − effective tax rate) | $1.97B | EBIT × (1 − effective tax rate) |
| Invested capital, average total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Mar 31, 2025) | $0.31B | total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Mar 31, 2025) |
| Return on invested capital NOPAT / average invested capital | 636.6% | NOPAT / average invested capital |
| Cost of debt, before tax interest / average total debt: the average coupon of the debt on the books, not today's market rate | –no meaningful interest expense | interest / average total debt: the average coupon of the debt on the books, not today's market rate |
| Cost of debt, after tax cost of debt before tax × (1 − effective tax rate) | –no meaningful interest expense | cost of debt before tax × (1 − effective tax rate) |
| Cost of equity risk-free rate + beta × equity risk premium | –needs market data | risk-free rate + beta × equity risk premium |
| Weighted average cost of capital cost of equity and after-tax cost of debt, weighted by market value | –needs market data | cost of equity and after-tax cost of debt, weighted by market value |
| Value creation spread ROIC − WACC | –needs market data | ROIC − WACC |
Assets $8.90B Liabilities $1.41B Equity $7.49B as of Dec 31, 2025
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Assets | $8.90B | 100% |
| Cash | $1.42B | 16% |
| Short-term investments | $5.75B | 65% |
| Receivables | $1.04B | 12% |
| Other current assets | $0.14B | 2% |
| Property & equipment | $0.05B | 1% |
| Lease right-of-use | $0.20B | 2% |
| Other assets | $0.29B | 3% |
| Liabilities | $1.41B | 16% |
| Payables | $0.01B | 0% |
| Accrued liabilities | $0.41B | 5% |
| Deferred revenue | $0.41B | 5% |
| Other current liabilities | $0.17B | 2% |
| Lease liabilities | $0.18B | 2% |
| Other liabilities | $0.24B | 3% |
| Equity | $7.49B | 84% |
| Stockholders' equity | $7.39B | 83% |
| Minority interests | $0.10B | 1% |
Money moved $0.98B Free cash flow $0.76B Oct 1 – Dec 31, 2025 Quarter derived from year-to-date statements.
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Where the money came from | $0.98B | 100% |
| Operating cash flow | $0.78B | 79% |
| Shares issued | $0.01B | 1% |
| Other financing | $0.00B | 0% |
| Taken from cash | $0.19B | 20% |
| Where it went | −$0.98B | 100% |
| Capital expenditure | −$0.01B | 1% |
| Investments bought, net | −$0.95B | 97% |
| Share buybacks | −$0.02B | 2% |
| Currency effect | −$<0.01B | 0% |
Total debt $0.0B Cash & short-term investments $7.2B Net cash $7.2B Operating cash flow, last 4 quarters $2.1B
The numbers behind the diagram
Debt to equity 0.00× (no meaningful debt) Net cash $7.18B Interest coverage – no meaningful interest expense Return on invested capital 1584.1% Cost of debt, after tax – no meaningful interest expense Book values as of Dec 31, 2025.
The numbers behind the diagram
| Item | Value | How it is computed |
|---|---|---|
| Total debt short-term and long-term borrowings, as on the debt tab | $0.00B | short-term and long-term borrowings, as on the debt tab |
| Equity, book value stockholders' equity incl. minority interests, as on the balance sheet | $7.49B | stockholders' equity incl. minority interests, as on the balance sheet |
| Total capital total debt + equity | $7.49B | total debt + equity |
| Debt share total debt / total capital | 0% | total debt / total capital |
| Equity share equity / total capital | 100% | equity / total capital |
| Net cash total debt − cash and short-term investments | $7.18B | total debt − cash and short-term investments |
| EBIT, last 4 quarters operating income, four quarters summed | $1.41B | operating income, four quarters summed |
| Depreciation & amortisation, last 4 quarters from the cash flow statement, four quarters summed | $0.03B | from the cash flow statement, four quarters summed |
| EBITDA, last 4 quarters EBIT + depreciation & amortisation | $1.44B | EBIT + depreciation & amortisation |
| Interest expense, last 4 quarters four quarters summed | – | four quarters summed |
| Debt to equity total debt / equity | 0.00×(no meaningful debt) | total debt / equity |
| Net debt to EBITDA net debt / EBITDA | –net cash $7.18B | net debt / EBITDA |
| Interest coverage EBIT / interest expense | –no meaningful interest expense | EBIT / interest expense |
| Effective tax rate income tax / pretax income, kept within 0 to 50% | 1.4% | income tax / pretax income, kept within 0 to 50% |
| NOPAT, last 4 quarters EBIT × (1 − effective tax rate) | $1.39B | EBIT × (1 − effective tax rate) |
| Invested capital, average total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Dec 31, 2024) | $0.09B | total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Dec 31, 2024) |
| Return on invested capital NOPAT / average invested capital | 1584.1% | NOPAT / average invested capital |
| Cost of debt, before tax interest / average total debt: the average coupon of the debt on the books, not today's market rate | –no meaningful interest expense | interest / average total debt: the average coupon of the debt on the books, not today's market rate |
| Cost of debt, after tax cost of debt before tax × (1 − effective tax rate) | –no meaningful interest expense | cost of debt before tax × (1 − effective tax rate) |
| Cost of equity risk-free rate + beta × equity risk premium | –needs market data | risk-free rate + beta × equity risk premium |
| Weighted average cost of capital cost of equity and after-tax cost of debt, weighted by market value | –needs market data | cost of equity and after-tax cost of debt, weighted by market value |
| Value creation spread ROIC − WACC | –needs market data | ROIC − WACC |
Assets $8.11B Liabilities $1.43B Equity $6.69B as of Sep 30, 2025
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Assets | $8.11B | 100% |
| Cash | $1.62B | 20% |
| Short-term investments | $4.82B | 59% |
| Receivables | $1.01B | 12% |
| Other current assets | $0.14B | 2% |
| Property & equipment | $0.05B | 1% |
| Lease right-of-use | $0.20B | 3% |
| Intangibles | $0.02B | 0% |
| Other assets | $0.28B | 3% |
| Liabilities | $1.43B | 18% |
| Payables | $0.07B | 1% |
| Accrued liabilities | $0.38B | 5% |
| Deferred revenue | $0.32B | 4% |
| Other current liabilities | $0.21B | 3% |
| Lease liabilities | $0.19B | 2% |
| Other liabilities | $0.26B | 3% |
| Equity | $6.69B | 82% |
| Stockholders' equity | $6.59B | 81% |
| Minority interests | $0.10B | 1% |
Money moved $0.73B Free cash flow $0.50B Jul 1 – Sep 30, 2025 Quarter derived from year-to-date statements.
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Where the money came from | $0.73B | 100% |
| Operating cash flow | $0.51B | 70% |
| Investments sold, net | $0.19B | 26% |
| Shares issued | $0.03B | 4% |
| Where it went | −$0.73B | 100% |
| Capital expenditure | −$0.01B | 1% |
| Other investing | −$<0.01B | 1% |
| Share buybacks | −$0.02B | 3% |
| Other financing | −$0.00B | 0% |
| Currency effect | −$<0.01B | 0% |
| Added to cash | −$0.69B | 96% |
Total debt $0.0B Cash & short-term investments $6.4B Net cash $6.4B Operating cash flow, last 4 quarters $1.8B
The numbers behind the diagram
Debt to equity 0.00× (no meaningful debt) Net cash $6.44B Interest coverage – no meaningful interest expense Return on invested capital 606.5% Cost of debt, after tax – no meaningful interest expense Book values as of Sep 30, 2025.
The numbers behind the diagram
| Item | Value | How it is computed |
|---|---|---|
| Total debt short-term and long-term borrowings, as on the debt tab | $0.00B | short-term and long-term borrowings, as on the debt tab |
| Equity, book value stockholders' equity incl. minority interests, as on the balance sheet | $6.69B | stockholders' equity incl. minority interests, as on the balance sheet |
| Total capital total debt + equity | $6.69B | total debt + equity |
| Debt share total debt / total capital | 0% | total debt / total capital |
| Equity share equity / total capital | 100% | equity / total capital |
| Net cash total debt − cash and short-term investments | $6.44B | total debt − cash and short-term investments |
| EBIT, last 4 quarters operating income, four quarters summed | $0.85B | operating income, four quarters summed |
| Depreciation & amortisation, last 4 quarters from the cash flow statement, four quarters summed | $0.03B | from the cash flow statement, four quarters summed |
| EBITDA, last 4 quarters EBIT + depreciation & amortisation | $0.88B | EBIT + depreciation & amortisation |
| Interest expense, last 4 quarters four quarters summed | – | four quarters summed |
| Debt to equity total debt / equity | 0.00×(no meaningful debt) | total debt / equity |
| Net debt to EBITDA net debt / EBITDA | –net cash $6.44B | net debt / EBITDA |
| Interest coverage EBIT / interest expense | –no meaningful interest expense | EBIT / interest expense |
| Effective tax rate income tax / pretax income, kept within 0 to 50% | 1.5% | income tax / pretax income, kept within 0 to 50% |
| NOPAT, last 4 quarters EBIT × (1 − effective tax rate) | $0.84B | EBIT × (1 − effective tax rate) |
| Invested capital, average total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Sep 30, 2024) | $0.14B | total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Sep 30, 2024) |
| Return on invested capital NOPAT / average invested capital | 606.5% | NOPAT / average invested capital |
| Cost of debt, before tax interest / average total debt: the average coupon of the debt on the books, not today's market rate | –no meaningful interest expense | interest / average total debt: the average coupon of the debt on the books, not today's market rate |
| Cost of debt, after tax cost of debt before tax × (1 − effective tax rate) | –no meaningful interest expense | cost of debt before tax × (1 − effective tax rate) |
| Cost of equity risk-free rate + beta × equity risk premium | –needs market data | risk-free rate + beta × equity risk premium |
| Weighted average cost of capital cost of equity and after-tax cost of debt, weighted by market value | –needs market data | cost of equity and after-tax cost of debt, weighted by market value |
| Value creation spread ROIC − WACC | –needs market data | ROIC − WACC |
Assets $5.77B Liabilities $1.18B Equity $4.59B as of Sep 30, 2024
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Assets | $5.77B | 100% |
| Cash | $0.77B | 13% |
| Short-term investments | $3.80B | 66% |
| Receivables | $0.67B | 12% |
| Other current assets | $0.12B | 2% |
| Property & equipment | $0.04B | 1% |
| Lease right-of-use | $0.21B | 4% |
| Intangibles | $0.02B | 0% |
| Other assets | $0.16B | 3% |
| Liabilities | $1.18B | 20% |
| Payables | $0.03B | 0% |
| Accrued liabilities | $0.27B | 5% |
| Deferred revenue | $0.24B | 4% |
| Other current liabilities | $0.12B | 2% |
| Lease liabilities | $0.21B | 4% |
| Other liabilities | $0.32B | 6% |
| Equity | $4.59B | 80% |
| Stockholders' equity | $4.50B | 78% |
| Minority interests | $0.09B | 2% |
Money moved $0.60B Free cash flow $0.42B Jul 1 – Sep 30, 2024 Quarter derived from year-to-date statements.
The numbers behind the diagram
| Item | Value | Share |
|---|---|---|
| Where the money came from | $0.60B | 100% |
| Operating cash flow | $0.42B | 70% |
| Shares issued | $0.17B | 29% |
| Currency effect | $0.01B | 1% |
| Where it went | −$0.60B | 100% |
| Capital expenditure | −$<0.01B | 1% |
| Investments bought, net | −$0.32B | 53% |
| Share buybacks | −$0.02B | 3% |
| Other financing | −$0.00B | 0% |
| Added to cash | −$0.26B | 43% |
Total debt $0.0B Cash & short-term investments $4.6B Net cash $4.6B Operating cash flow, last 4 quarters $1.0B
The numbers behind the diagram
Debt to equity 0.00× (no meaningful debt) Net cash $4.57B Interest coverage – no meaningful interest expense Return on invested capital 4325.0% Cost of debt, after tax – no meaningful interest expense Book values as of Sep 30, 2024.
The numbers behind the diagram
| Item | Value | How it is computed |
|---|---|---|
| Total debt short-term and long-term borrowings, as on the debt tab | $0.00B | short-term and long-term borrowings, as on the debt tab |
| Equity, book value stockholders' equity incl. minority interests, as on the balance sheet | $4.59B | stockholders' equity incl. minority interests, as on the balance sheet |
| Total capital total debt + equity | $4.59B | total debt + equity |
| Debt share total debt / total capital | 0% | total debt / total capital |
| Equity share equity / total capital | 100% | equity / total capital |
| Net cash total debt − cash and short-term investments | $4.57B | total debt − cash and short-term investments |
| EBIT, last 4 quarters operating income, four quarters summed | $0.37B | operating income, four quarters summed |
| Depreciation & amortisation, last 4 quarters from the cash flow statement, four quarters summed | $0.03B | from the cash flow statement, four quarters summed |
| EBITDA, last 4 quarters EBIT + depreciation & amortisation | $0.40B | EBIT + depreciation & amortisation |
| Interest expense, last 4 quarters four quarters summed | – | four quarters summed |
| Debt to equity total debt / equity | 0.00×(no meaningful debt) | total debt / equity |
| Net debt to EBITDA net debt / EBITDA | –net cash $4.57B | net debt / EBITDA |
| Interest coverage EBIT / interest expense | –no meaningful interest expense | EBIT / interest expense |
| Effective tax rate income tax / pretax income, kept within 0 to 50% | 5.2% | income tax / pretax income, kept within 0 to 50% |
| NOPAT, last 4 quarters EBIT × (1 − effective tax rate) | $0.35B | EBIT × (1 − effective tax rate) |
| Invested capital, average total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Sep 30, 2023) | $0.01B | total debt + equity − cash and short-term investments, mean of this quarter end and the one a year earlier (Sep 30, 2023) |
| Return on invested capital NOPAT / average invested capital | 4325.0% | NOPAT / average invested capital |
| Cost of debt, before tax interest / average total debt: the average coupon of the debt on the books, not today's market rate | –no meaningful interest expense | interest / average total debt: the average coupon of the debt on the books, not today's market rate |
| Cost of debt, after tax cost of debt before tax × (1 − effective tax rate) | –no meaningful interest expense | cost of debt before tax × (1 − effective tax rate) |
| Cost of equity risk-free rate + beta × equity risk premium | –needs market data | risk-free rate + beta × equity risk premium |
| Weighted average cost of capital cost of equity and after-tax cost of debt, weighted by market value | –needs market data | cost of equity and after-tax cost of debt, weighted by market value |
| Value creation spread ROIC − WACC | –needs market data | ROIC − WACC |
Quarter by quarter
Every set of results we hold, newest first. Open one on its own page. The arrow beside a quarter shows it in the diagram above.
| Quarter | Period | Reported | Revenue | Year over year | Operating margin | Net profit | Net margin |
|---|---|---|---|---|---|---|---|
| Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 4, 2026 Operating margin 47% Net profit $1.06B | Apr 1 – Jun 30, 2026 | Aug 4, 2026 | $1.9B | +93% | 47% | $1.06B | 55% |
| Q1 FY26 Jan 1 – Mar 31, 2026 reported May 5, 2026 Operating margin 46% Net profit $0.87B | Jan 1 – Mar 31, 2026 | May 5, 2026 | $1.6B | +85% | 46% | $0.87B | 53% |
| Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 17, 2026 Operating margin 41% Net profit $0.61B | Oct 1 – Dec 31, 2025 | Feb 17, 2026 | $1.4B | +70% | 41% | $0.61B | 43% |
| Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 4, 2025 Operating margin 33% Net profit $0.48B | Jul 1 – Sep 30, 2025 | Nov 4, 2025 | $1.2B | +63% | 33% | $0.48B | 40% |
| Q3 FY24 Jul 1 – Sep 30, 2024 reported Nov 5, 2024 Operating margin 16% Net profit $0.14B | Jul 1 – Sep 30, 2024 | Nov 5, 2024 | $0.7B | +30% | 16% | $0.14B | 20% |
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