NASDAQ$PLTR

Palantir Technologies Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Palantir reported Q2 2025 revenue of $1.00B with net income of $328.6M and diluted EPS of $0.13.

Revenue rose 48% year over year to $1.00 billion as U.S. commercial and government demand accelerated. Net income was $328.6 million; diluted EPS was $0.13. Management highlighted expanding deal sizes, AIP adoption, and a $2.4 billion remaining performance obligation backlog.

  • Q2 revenue $1.00B (+48% YoY).
  • Net income $328.6M; diluted EPS $0.13.
  • U.S. commercial revenue growth and government contract momentum.
  • Backlog and platform adoption support multi-year growth narrative.

Headline financials

Total Revenue

$1B

Previous: $678M+48.0%
EPS (adj)

$0.13

Previous: $0.06+116.7%
Capital Expenditures

-$13.8M

Previous: -$5.54M-149.3%
Free Cash Flow

$313M

Previous: $129M+143.4%
Net Income

$327M

Previous: $134M+143.6%
Operating Income

$269M

Previous: $105M+155.7%
Gross Profit

$811M

Previous: $550M+47.5%

Revenue & EPS history

Palantir · Revenue · Quarterly

$1B

Q2 2025+48%vs Q2 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Technology and digital-asset platforms cite adoption, backlog, and capital strategy.

Tailwinds

  • Platform adoption and contract wins.
  • Liquidity and strategic investments.

Headwinds

  • Valuation sensitivity and competition.
  • Regulatory or mark-to-market volatility.

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 Q2 2025

Historical avgQ2 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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