How Palantir Makes Money (2026)
Palantir makes money mainly from Government. Its FY2025 total revenue was $4,475 million ($4.5 billion), with Government the biggest disclosed revenue line at $2,402 million ($2.4 billion) and 53.7% of total revenue (computed from the 10-K FY2025). Palantir recognizes some revenue from contracts signed in earlier periods.
Last checked 2026-10-18 on the official pages.
Revenue breakdown
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Government | $2,402 million ($2.4 billion) | 53.7% | 10-K FY2025 ↗ |
| Commercial | $2,073 million ($2.1 billion) | 46.3% | 10-K FY2025 ↗ |
| Total revenue | $4,475 million ($4.5 billion) | — | 10-K FY2025 ↗ |
The hidden model
Palantir recognizes some revenue from contracts signed in earlier periods.
Palantir recognizes some revenue from contracts signed in earlier periods. verified
As a result, a portion of the revenue we recognize in each quarter is derived from customer contracts generally entered into during previous periods.
Business models
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Frequently asked questions
How does Palantir make money?
Palantir makes money mainly from Government. Its FY2025 total revenue was $4,475 million ($4.5 billion), with Government the biggest disclosed revenue line at $2,402 million ($2.4 billion) and 53.7% of total revenue (computed from the 10-K FY2025). Palantir recognizes some revenue from contracts signed in earlier periods.
What is Palantir’s business model?
Palantir’s business model is Subscription. Charge a recurring fee for software, content, or a service. Retention, upgrades, and the cost of serving existing customers shape the economics. Palantir recognizes some revenue from contracts signed in earlier periods.
What is Palantir’s hidden model?
Palantir recognizes some revenue from contracts signed in earlier periods.