Palantir Technologies Inc.

PLTRNASDAQ

$191.60

Last price · USD

Market cap: $491.5B
P/E: 304.1x
EV / EBITDA: 291.2x
P/S: 109.8x
FCF yield: 0.4%
Div. yield: 0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Palantir Technologies Inc. balance sheet

Annual · USD millions except per-share data · 39 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	1,424	2,099	831	2,599	2,291	-11.2%
Short-term investments	5,753	3,131	2,843	35	234	+122.6%
Cash & short-term investments	7,177	5,230	3,674	2,634	2,525	+29.8%
Net receivables	1,042	575	365	258	191	+52.8%
Accounts receivable	1,042	575	365	258	191	+52.8%
Prepaids	0	0	0	0	111	—
Other current assets	139	129	100	150	37	+39.6%
Total current assets	8,358	5,934	4,139	3,042	2,863	+30.7%
Non-current assets
Property, plant & equipment (net)	252	240	231	269	248	+0.4%
Intangible assets	0	18	26	0	0	—
Goodwill & intangible assets	0	18	26	0	0	—
Other non-current assets	290	148	127	150	136	+20.9%
Total non-current assets	542	407	384	420	384	+9.0%
Total assets	8,900	6,341	4,522	3,461	3,247	+28.7%
Current liabilities
Accounts payable	8	0	12	45	75	-42.7%
Other payables	0	42	47	41	23	—
Total payables	8	42	59	86	97	-46.4%
Capital lease obligations (current)	46	44	54	45	40	+3.5%
Tax payables	0	0	47	41	23	—
Deferred revenue	766	525	457	325	389	+18.4%
Total current liabilities	1,176	996	746	588	660	+15.5%
Non-current liabilities
Capital lease obligations (non-current)	183	195	175	204	220	-4.5%
Deferred revenue (non-current)	46	42	30	14	74	-11.1%
Other non-current liabilities	7	14	11	13	2	+32.6%
Total non-current liabilities	237	250	215	231	296	-5.5%
Capital lease obligations	229	239	229	249	260	-3.1%
Total debt	229	239	229	249	260	-3.1%
Total liabilities	1,412	1,246	961	819	956	+10.2%
Stockholders' equity
Common stock	2	2	2	2	2	+4.2%
Retained earnings	(3,562)	(5,187)	(5,650)	(5,859)	(5,486)	—
Additional paid-in capital	10,933	10,194	9,122	8,428	7,777	+8.9%
Accumulated other comprehensive income (loss)	14	(6)	1	(5)	(2)	—
Total stockholders' equity	7,387	5,003	3,476	2,565	2,291	+34.0%
Total equity	7,488	5,094	3,561	2,642	2,291	+34.5%
Minority interest	101	91	85	77	0	—
Total liabilities & equity	8,900	6,341	4,522	3,461	3,247	+28.7%
Additional fields
Accrued Expenses	356	385	176	131	133	+27.8%
Net Debt	(1,194)	(1,859)	(602)	(2,349)	(2,031)	—
Total Investments	5,753	3,131	2,843	35	234	+122.6%

Palantir Technologies Inc.

PLTRNASDAQ

$191.60

Last price · USD

Market cap: $491.5B
P/E: 304.1x
EV / EBITDA: 291.2x
P/S: 109.8x
FCF yield: 0.4%
Div. yield: 0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Palantir Technologies Inc. balance sheet

Annual · USD millions except per-share data · 39 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	1,424	2,099	831	2,599	2,291	-11.2%
Short-term investments	5,753	3,131	2,843	35	234	+122.6%
Cash & short-term investments	7,177	5,230	3,674	2,634	2,525	+29.8%
Net receivables	1,042	575	365	258	191	+52.8%
Accounts receivable	1,042	575	365	258	191	+52.8%
Prepaids	0	0	0	0	111	—
Other current assets	139	129	100	150	37	+39.6%
Total current assets	8,358	5,934	4,139	3,042	2,863	+30.7%
Non-current assets
Property, plant & equipment (net)	252	240	231	269	248	+0.4%
Intangible assets	0	18	26	0	0	—
Goodwill & intangible assets	0	18	26	0	0	—
Other non-current assets	290	148	127	150	136	+20.9%
Total non-current assets	542	407	384	420	384	+9.0%
Total assets	8,900	6,341	4,522	3,461	3,247	+28.7%
Current liabilities
Accounts payable	8	0	12	45	75	-42.7%
Other payables	0	42	47	41	23	—
Total payables	8	42	59	86	97	-46.4%
Capital lease obligations (current)	46	44	54	45	40	+3.5%
Tax payables	0	0	47	41	23	—
Deferred revenue	766	525	457	325	389	+18.4%
Total current liabilities	1,176	996	746	588	660	+15.5%
Non-current liabilities
Capital lease obligations (non-current)	183	195	175	204	220	-4.5%
Deferred revenue (non-current)	46	42	30	14	74	-11.1%
Other non-current liabilities	7	14	11	13	2	+32.6%
Total non-current liabilities	237	250	215	231	296	-5.5%
Capital lease obligations	229	239	229	249	260	-3.1%
Total debt	229	239	229	249	260	-3.1%
Total liabilities	1,412	1,246	961	819	956	+10.2%
Stockholders' equity
Common stock	2	2	2	2	2	+4.2%
Retained earnings	(3,562)	(5,187)	(5,650)	(5,859)	(5,486)	—
Additional paid-in capital	10,933	10,194	9,122	8,428	7,777	+8.9%
Accumulated other comprehensive income (loss)	14	(6)	1	(5)	(2)	—
Total stockholders' equity	7,387	5,003	3,476	2,565	2,291	+34.0%
Total equity	7,488	5,094	3,561	2,642	2,291	+34.5%
Minority interest	101	91	85	77	0	—
Total liabilities & equity	8,900	6,341	4,522	3,461	3,247	+28.7%
Additional fields
Accrued Expenses	356	385	176	131	133	+27.8%
Net Debt	(1,194)	(1,859)	(602)	(2,349)	(2,031)	—
Total Investments	5,753	3,131	2,843	35	234	+122.6%