FINHUB Insights

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 10-Q accession 0001321655-26-000028

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.

Sankey diagram of Palantir Technologies' income statement for Q1 FY26: revenue of $1.63 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 Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear 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−0.2213%
Gross profit1.4287% margin+6pp
R&D−0.1610%−5pp
Sales & marketing−0.3220%−7pp
G&A−0.1811%−7pp
Operating profit0.7546% margin+26pp
Other income, net0.13
Tax−0.01
Net profit0.87 53% margin+29pp

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

Source of the numbers: tables in 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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