Palantir Technologies Inc.

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 17, 2026

PLTR$169.20+5.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(in thousands, except per share amounts)

	As of December 31,
	2025	2024
Assets
Current assets:
Cash and cash equivalents	$1,423,796	$2,098,524
Marketable securities	5,753,247	3,131,463
Accounts receivable, net	1,042,065	575,048
Prepaid expenses and other current assets	139,066	129,254
Total current assets	8,358,174	5,934,289
Property and equipment, net	51,960	39,638
Operating lease right-of-use assets	200,105	200,740
Other assets	290,153	166,217
Total assets	$8,900,392	$6,340,884
Liabilities and Equity
Current liabilities:
Accounts payable	$8,064	$103
Accrued liabilities	355,624	427,046
Deferred revenue	408,963	259,624
Customer deposits	357,066	265,252
Operating lease liabilities	45,864	43,993
Total current liabilities	1,175,581	996,018
Deferred revenue, noncurrent	46,216	39,885
Customer deposits, noncurrent	18	1,663
Operating lease liabilities, noncurrent	183,474	195,226
Other noncurrent liabilities	7,092	13,685
Total liabilities	1,412,381	1,246,477
Commitments and Contingencies (Note 8)
Palantir's stockholders’ equity:
Common stock, $0.001 par value: 20,000,000 Class A shares authorized as of December 31, 2025 and 2024; 2,290,987 and 2,242,389 shares issued and outstanding as of December 31, 2025 and 2024, respectively; 2,700,000 Class B shares authorized as of December 31, 2025 and 2024; 99,200 and 95,401 shares issued and outstanding as of December 31, 2025 and 2024, respectively; and 1,005 Class F shares authorized, issued, and outstanding as of December 31, 2025 and 2024	2,391	2,339
Additional paid-in capital	10,933,325	10,193,970
Accumulated other comprehensive income (loss), net	13,942	(5,611)
Accumulated deficit	(3,562,390)	(5,187,423)
Total Palantir's stockholders’ equity	7,387,268	5,003,275
Noncontrolling interests	100,743	91,132
Total equity	7,488,011	5,094,407
Total liabilities and equity	$8,900,392	$6,340,884

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.