Palantir Technologies Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Feb 17, 2026
Revenue$1.41B
+70% year over year
Gross profit$1.19B
85% margin
Operating profit$0.58B
41% margin
Net profit$0.61B
43% margin
Net profit is larger than what operations earned, because the statement adds $0.04B below it, under Other income, net.
Figures in billions of dollars.
The numbers
| 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 |
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