Financial Statements — PLTR
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 2.29 | 1.62 | 0.93 | 0.99 | 0.77 | 0.51 | 0.52 | 1.04 | 1.06 | 1.26 | 2.41 | 2.36 | 2.27 | 2.34 | 2.34 | 2.34 |
| Short-term Investments | 5.73 | 4.82 | 5.07 | 4.44 | 3.80 | 3.49 | 3.35 | 2.24 | 2.05 | 1.64 | 0.06 | 0.10 | 0.25 | 0.15 | -- | -- |
| Accounts Receivable | 1.41 | 1.01 | 0.75 | 0.73 | 0.67 | 0.66 | 0.49 | 0.43 | 0.38 | 0.25 | 0.34 | 0.27 | 0.26 | 0.17 | 0.24 | 0.15 |
| Total Current Assets | 9.55 | 7.59 | 6.89 | 6.28 | 5.35 | 4.77 | 4.44 | 3.81 | 3.58 | 3.26 | 2.95 | 2.90 | 2.93 | 2.81 | 2.66 | 2.59 |
| Property, Plant & Equipment | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.04 | 0.03 | 0.02 | 0.03 |
| Intangible Assets | -- | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.65 | 0.53 | 0.48 | 0.45 | 0.42 | 0.42 | 0.37 | 0.38 | 0.40 | 0.43 | 0.37 | 0.38 | 0.39 | 0.41 | 0.41 | 0.42 |
| Total Assets | 10.20 | 8.11 | 7.37 | 6.74 | 5.77 | 5.19 | 4.81 | 4.19 | 3.98 | 3.68 | 3.32 | 3.28 | 3.32 | 3.22 | 3.08 | 3.01 |
| Accounts Payable | 0.50 | 0.07 | 0.01 | 0.00 | 0.03 | 0.07 | 0.04 | 0.01 | 0.00 | 0.00 | 0.06 | 0.06 | 0.03 | 0.02 | 0.03 | 0.02 |
| Total Current Liabilities | 1.38 | 1.18 | 1.09 | 0.97 | 0.94 | 0.81 | 0.75 | 0.69 | 0.69 | 0.60 | 0.69 | 0.67 | 0.67 | 0.68 | 0.68 | 0.67 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.20 |
| Total Non-current Liabilities* | 0.26 | 0.25 | 0.25 | 0.25 | 0.23 | 0.25 | 0.20 | 0.23 | 0.26 | 0.28 | 0.24 | 0.27 | 0.29 | 0.29 | 0.32 | 0.54 |
| Total Liabilities | 1.64 | 1.43 | 1.34 | 1.22 | 1.18 | 1.05 | 0.95 | 0.92 | 0.95 | 0.88 | 0.93 | 0.93 | 0.95 | 0.98 | 1.01 | 1.21 |
| Retained Earnings | (2.69) | (4.17) | (4.65) | (4.97) | (5.27) | (5.41) | (5.54) | (5.74) | (5.81) | (5.84) | (5.89) | (5.77) | (5.59) | (5.33) | (5.23) | (5.09) |
| Total Stockholder Equity | 8.45 | 6.59 | 5.93 | 5.42 | 4.50 | 4.05 | 3.78 | 3.19 | 2.96 | 2.72 | 2.39 | 2.35 | 2.36 | 2.25 | 2.07 | 1.81 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 1.63 | 1.41 | 1.18 | 1.00 | 0.88 | 0.83 | 0.73 | 0.68 | 0.63 | 0.61 | 0.56 | 0.53 | 0.53 | 0.51 | 0.48 | 0.47 | 0.45 | 0.43 | 0.39 | 0.38 |
| Cost of Revenue | 0.22 | 0.22 | 0.21 | 0.19 | 0.17 | 0.17 | 0.15 | 0.13 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.11 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 |
| Gross Profit | 1.42 | 1.19 | 0.97 | 0.81 | 0.71 | 0.65 | 0.58 | 0.55 | 0.52 | 0.50 | 0.45 | 0.43 | 0.42 | 0.40 | 0.37 | 0.37 | 0.35 | 0.35 | 0.31 | 0.28 |
| Research & Development | 0.16 | 0.14 | 0.14 | 0.14 | 0.13 | 0.17 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.09 | 0.08 | 0.10 | 0.09 | 0.09 | 0.08 | 0.09 | 0.11 |
| Selling, General & Admin | 0.18 | 0.17 | 0.16 | 0.16 | 0.16 | 0.18 | 0.14 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.14 | 0.16 | 0.15 | 0.16 |
| Total Operating Expenses | 0.66 | 0.62 | 0.58 | 0.54 | 0.53 | 0.64 | 0.47 | 0.44 | 0.44 | 0.43 | 0.41 | 0.42 | 0.41 | 0.42 | 0.43 | 0.41 | 0.39 | 0.40 | 0.40 | 0.43 |
| Operating Income | 0.75 | 0.58 | 0.39 | 0.27 | 0.18 | 0.01 | 0.11 | 0.11 | 0.08 | 0.07 | 0.04 | 0.01 | 0.00 | (0.02) | (0.06) | (0.04) | (0.04) | (0.06) | (0.09) | (0.15) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | 0.89 | 0.62 | 0.48 | 0.33 | 0.22 | 0.08 | 0.16 | 0.14 | 0.11 | 0.11 | 0.08 | 0.03 | 0.02 | 0.04 | (0.12) | (0.18) | (0.10) | (0.12) | (0.10) | (0.14) |
| Tax Provision | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | (0.01) |
| Net Income | 0.87 | 0.61 | 0.48 | 0.33 | 0.21 | 0.08 | 0.14 | 0.13 | 0.11 | 0.09 | 0.07 | 0.03 | 0.02 | 0.03 | (0.12) | (0.18) | (0.10) | (0.16) | (0.10) | (0.14) |
| Basic EPS | 0.36 | 0.26 | 0.20 | 0.14 | 0.09 | 0.04 | 0.06 | 0.06 | 0.05 | 0.05 | 0.03 | 0.01 | 0.01 | 0.02 | (0.06) | (0.09) | (0.05) | (0.08) | (0.05) | (0.07) |
| Diluted EPS | 0.34 | 0.24 | 0.18 | 0.13 | 0.08 | 0.03 | 0.06 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | 0.02 | (0.06) | (0.09) | (0.05) | (0.08) | (0.05) | (0.07) |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.90 | 0.78 | 0.51 | 0.54 | 0.31 | 0.46 | 0.42 | 0.14 | 0.13 | 0.30 | 0.13 | 0.09 | 0.19 | 0.08 | 0.05 | 0.06 | 0.04 | 0.09 | 0.10 | 0.02 |
| Capital Expenditures | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.00 |
| Free Cash Flow* | 0.89 | 0.76 | 0.50 | 0.53 | 0.30 | 0.46 | 0.42 | 0.14 | 0.13 | 0.30 | 0.13 | 0.09 | 0.18 | 0.07 | 0.03 | 0.06 | 0.02 | 0.09 | 0.10 | 0.02 |
| Investing Cash Flow | (0.03) | (0.96) | 0.18 | (0.62) | (1.39) | 0.64 | (0.32) | (0.15) | (0.51) | (0.57) | (0.20) | (0.39) | (1.55) | 0.07 | (0.03) | 0.01 | (0.10) | (0.18) | (0.21) | -0.00 |
| Financing Cash Flow | 0.00 | (0.01) | 0.01 | 0.01 | (0.03) | 0.24 | 0.15 | -0.00 | 0.08 | 0.05 | 0.05 | 0.09 | 0.03 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.10 | (0.03) |
* Derived from reported values
