Quarterly Report — Q2 2025
Filed August 5, 2025
Revenue surged to new highs in Q2 2025, with both the Government and Commercial segments accelerating — the company is now firmly profitable on a GAAP basis and generating strong operating cash flow. U.S. revenue continues to dominate, accounting for a growing share of total sales, while stock-based compensation remains significant but is shrinking as a percentage of revenue. The balance sheet is fortress-like with billions in cash, treasuries, and no debt, giving Palantir ample runway to invest aggressively in its AI platform push.
What is Quarterly Report?
Filed after each of the first three fiscal quarters with unaudited financial statements, management discussion, and any material changes to risk factors or legal proceedings.
Quarterly financial update — tracks business trajectory between annual reports.
No product milestones were identified in this filing. It may contain financial results, routine disclosures, or operational updates that don't represent specific product execution events.