FINHUB Insights

Palantir Technologies Q3 FY25: where the revenue came from and where it went

The whole income statement of Palantir Technologies for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Jul 1 – Sep 30, 2025
Reported
Nov 4, 2025 10-Q accession 0001321655-25-000131

Revenue$1.18B +63% year over year
Gross profit$0.97B 82% margin
Operating profit$0.39B 33% margin
Net profit$0.48B 40% margin

Net profit is larger than what operations earned, because the statement adds $0.08B below it, under Other income, net.

Sankey diagram of Palantir Technologies' income statement for Q3 FY25: revenue of $1.18 billion splits into segments and flows out into costs, ending in net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 1.18 100% +63%
Government operating 0.63 54% +55%
Commercial 0.55 46% +73%
Cost of revenue−0.2118%
Gross profit0.9782% margin+3pp
R&D−0.1412%−4pp
Sales & marketing−0.2823%−6pp
G&A−0.1614%−5pp
Operating profit0.3933% margin+18pp
Other income, net0.08
Net profit0.48 40% margin+20pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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