NASDAQ$PLTR

Palantir Technologies Inc. · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Palantir reported Q1 2025 total revenue of $883.9M with net income of $217.7M and diluted EPS of $0.08.

Total revenue grew 39% year over year to $883.9 million as U.S. commercial and government contracts accelerated. Net income was $217.7 million, or $0.08 per diluted share, with U.S. commercial revenue up 71% and government revenue up 8%.

  • Q1 total revenue $883.9M (+39% YoY).
  • Net income $217.7M; diluted EPS $0.08.
  • U.S. commercial revenue growth led the quarter.
  • Rule of 40 and AIP platform adoption cited in MD&A.

Headline financials

Total Revenue

$884M

Previous: $634M+39.3%
EPS (adj)

$0.08

Previous: $0.08+0.0%
Deals $1M+

139

No prior period
Deals $5M+

51

No prior period
Deals $10M+

31

No prior period
Capital Expenditures

-$6.18M

Previous: -$2.66M-132.1%
Net Income

$218M

Previous: $106M+106.3%
Operating Income

$176M

Previous: $80.9M+117.7%
Gross Profit

$711M

Previous: $518M+37.2%

Revenue & EPS history

Palantir · Revenue · Quarterly

$884M

Q1 2025+39.3%vs Q1 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Palantir raised full-year U.S. commercial revenue guidance and highlighted AIP bootcamps; quarterly EPS targets are not reiterated in the 10-Q.

Tailwinds

  • U.S. commercial revenue growth above 50% in Q1.
  • Government contract pipeline and Rule of 40 trajectory.
  • Cash generation supports share-based comp and investments.

Headwinds

  • International commercial growth lags U.S. pace.
  • Stock-based compensation dilution.
  • Long sales cycles on large government deals.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+2.3%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+16.4%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+28.9%

Q1 2023

Best reaction

-23.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.6%-5.6%-3.3%
Q4 2025+6.8%-8.0%+3.3%
Q3 2025-7.9%-14.1%-14.1%
Q2 2025+7.8%+16.4%-2.8%
Q1 2025-12.0%-5.2%-3.1%
Q4 2024+24.0%+32.4%-3.9%
Q3 2024+22.0%+39.3%+66.6%
Q2 2024+7.5%+21.3%+23.6%
Q1 2024-8.3%-11.7%-1.6%
Q4 2023+28.5%+43.2%+53.7%
Q3 2023+26.6%+26.0%+35.9%
Q2 2023-6.4%-15.3%-15.9%
Q1 2023+28.9%+28.2%+98.2%
Q4 2022+22.8%+22.5%+5.2%
Q3 2022-9.1%+6.1%-10.8%
Q2 2022-19.2%-13.4%-35.5%
Q1 2022-23.1%-12.0%-3.2%
Q4 2021-21.1%-25.0%-8.2%
Q3 2021-15.8%-14.7%-28.2%
Q2 2020+11.4%+3.5%+19.8%
Q2 2021+11.4%+7.2%+17.6%
Q1 2020-9.1%+1.2%+22.1%
Q1 2021+2.3%+8.7%+30.7%
Q4 2018+3.5%-1.5%-5.8%
Q4 2020-15.1%-9.1%-24.9%
Q4 2019+9.3%+22.8%+86.6%
Q3 2019+9.3%+22.8%+86.6%
Q3 2020-1.0%+11.8%+70.4%
Q2 2019
Q1 2019

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