Quarterly Report — Q3 2025
Filed November 4, 2025
Revenue surged in Q3 2025 with the company continuing its profitable streak, building on what has been a multi-quarter run of GAAP profitability since turning that corner in late 2023. The U.S. market dominates the revenue mix at roughly two-thirds or more of total sales, with both the Government and Commercial segments contributing, while stock-based compensation remains a significant ongoing expense line across the business. Palantir maintains a strong cash position anchored by money market funds and U.S. Treasury securities, with no debt drawn on its revolving credit facility — giving it financial flexibility as AI-driven demand accelerates.
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.