Palantir Technologies Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- May 5, 2026
Revenue$1.63B
+85% year over year
Gross profit$1.42B
87% margin
Operating profit$0.75B
46% margin
Net profit$0.87B
53% margin
Net profit is larger than what operations earned, because the statement adds $0.13B below it, under Other income, net.
Figures in billions of dollars.
The numbers
| 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 |
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