FINHUB Insights

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 10-K accession 0001321655-26-000011

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.

Sankey diagram of Palantir Technologies' income statement for Q4 FY25: revenue of $1.41 billion splits into segments and flows out into costs, taxes and net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 1.41 100% +70%
Government operating 0.73 52% +60%
Commercial 0.68 48% +82%
Cost of revenue−0.2215%
Gross profit1.1985% margin+6pp
R&D−0.1410%−11pp
Sales & marketing−0.3022%−13pp
G&A−0.1712%−10pp
Operating profit0.5841% margin+40pp
Other income, net0.04
Tax−0.01
Net profit0.61 43% margin+34pp

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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