Palantir Technologies Q3 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
- Jul 1 – Sep 30, 2026
- Reported
- Nov 3, 2026
Revenue$2.31B
+96% year over year
Gross profit$1.93B
83% margin
Operating profit$1.09B
47% margin
Net profit$1.13B
49% margin
Net profit is larger than what operations earned, because the statement adds $0.06B below it, under Other income, net.
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.31 | 100% | +96% |
| Commercial | 1.17 | 50% | +113% |
| Government operating | 1.15 | 50% | +81% |
| Cost of revenue | −0.38 | 17% | |
| Gross profit | 1.93 | 83% margin | +1pp |
| R&D | −0.22 | 10% | −3pp |
| Sales & marketing | −0.40 | 17% | −6pp |
| G&A | −0.23 | 10% | −4pp |
| Operating profit | 1.09 | 47% margin | +14pp |
| Other income, net | 0.06 | ||
| Tax | −0.01 | ||
| Net profit | 1.13 | 49% margin | +8pp |
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