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Company Research16 May 2024
Palantir: Turning Data into Decisions
Palantir is a global leader in data analytics, helping governments and enterprises transform complex information into clear, actionable insights.
Palantir (PLTR) investor relations material
Palantir Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary4 Aug, 2025
Executive summary
Q2 2025 revenue reached $1.004B, up 48% year-over-year and 14% sequentially, driven by strong U.S. growth.
U.S. commercial revenue surged 93% year-over-year to $306M; U.S. government revenue up 53% to $426M.
Closed 157 $1M+ deals, with record TCV of $2.3B and significant expansion among top customers.
Rule of 40 score reached 94%, reflecting strong growth and profitability.
Customer count grew 43% year-over-year to 849.
Financial highlights
Q2 revenue: $1.004B, up 48% year-over-year; U.S. revenue: $733M, up 68% year-over-year and 17% sequentially.
Adjusted operating margin was 46%; adjusted free cash flow margin 57%; adjusted EPS $0.16.
GAAP operating income: $269M (27% margin); GAAP net income: $327M (33% margin); GAAP EPS: $0.13.
Cash, cash equivalents, and short-term U.S. Treasury securities totaled $6.0B at quarter end.
Net dollar retention was 128% in Q2 2025.
Outlook and guidance
Q3 2025 revenue guidance: $1.083B–$1.087B; adjusted income from operations: $493M–$497M.
Full year 2025 revenue guidance raised to $4.142B–$4.15B; U.S. commercial revenue guidance to at least $1.302B (85%+ growth).
FY 2025 adjusted income from operations: $1.912B–$1.92B; adjusted free cash flow: $1.8B–$2.0B.
Rule of 40 score guidance for full year: 91%.
GAAP operating income and net income expected in every quarter of 2025.
Explain the RDV exclusion assessment process.
What factors drove the U.S. revenue growth?
How does AIP impact future business strategy?
How does AIP enable customers to leapfrog competition?
How is Palantir re-credentialing talent?
Explain the drivers behind the U.S. commercial growth.
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Next Palantir earnings date
Q3 20253 Nov, 2025
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Frequently asked questions
Specializing in big data analytics
Palantir Technologies is a software company that specializes in data analytics and provides solutions to government agencies, commercial organizations, and non-profit entities.
The company's software is used for a variety of purposes, including fraud detection, intelligence gathering, and crisis management.
Some of Palantir’s competitors include Splunk, Alteryx, and Cognizant.
The main business segments
Palantir operates through two main business segments:
Government. Providing software and data analytics solutions to government agencies, including intelligence and defense agencies, law enforcement, and healthcare organizations.
Commercial. Providing software solutions to commercial organizations, including financial institutions, energy companies, and healthcare providers.
Interesting facts about Palantir
Palantir was founded in 2003 and is headquartered in Denver, Colorado. The company has a global presence, with operations in over 20 countries.
Palantir's software has been used in a number of high-profile cases, including the capture of Osama bin Laden and the tracking of COVID-19 cases in the United States.
Another interesting fact about Palantir is that the company's co-founder, Peter Thiel, was an early investor in several successful tech startups, including Facebook (Meta) and also one of the founders of PayPal.
Additionally, Palantir has faced controversy over its work with government agencies, including protests from employees over the company's involvement with the US Immigration and Customs Enforcement agency.
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