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Palantir Technologies Inc.

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

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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$168.82-0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

Years Ended December 31,
202520242023
Operating activities
Net income$1,634,644$467,918$217,375
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization26,14531,58733,354
Stock-based compensation684,033691,638475,903
Unrealized and realized (gain) loss from marketable securities, net21,22819,30613,160
Noncash consideration(37,244)(52,521)(46,609)
Other operating activities15,63066,03412,764
Changes in operating assets and liabilities:
Accounts receivable, net(450,429)(211,157)(106,159)
Prepaid expenses and other assets51,97911,883(2,955)
Accounts payable and accrued liabilities4,65996,79321,063
Contract liabilities238,68876,796143,859
Other liabilities(54,860)(44,412)(49,572)
Net cash provided by operating activities2,134,4731,153,865712,183
Investing activities
Purchases of property and equipment(33,882)(12,634)(15,114)
Purchases of marketable securities(7,702,060)(5,395,913)(5,636,406)
Proceeds from sales and redemption of marketable securities5,026,3155,073,5072,889,268
Purchases of privately-held securities(72,924)(5,615)—
Other investing activities(1,000)—51,072
Net cash used in investing activities(2,783,551)(340,655)(2,711,180)
Financing activities
Proceeds from the exercise of common stock options129,107745,396218,238
Repurchases of common stock(74,985)(64,196)—
Taxes paid related to net share settlement of equity awards(81,117)(218,280)—
Other financing activities85444601
Net cash provided by (used in) financing activities(26,910)463,364218,839
Effect of foreign exchange on cash, cash equivalents, and restricted cash7,477(6,745)2,930
Net increase (decrease) in cash, cash equivalents, and restricted cash(668,511)1,269,829(1,777,228)
Cash, cash equivalents, and restricted cash - beginning of period2,119,936850,1072,627,335
Cash, cash equivalents, and restricted cash - end of period$1,451,425$2,119,936$850,107
Supplemental disclosures of cash flow information
Noncash investing and financing activities
Accrued taxes related to net share settlement of equity awards$—$84,207$—
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.