Palantir Technologies (PLTR)
Builds data and AI operating platforms for government agencies and enterprises.
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Builds Gotham, Foundry, AIP, and Apollo to integrate data, run operational workflows, deploy governed AI, and deliver software across cloud, on-premises, and rugged environments. Revenue is split between government and commercial institutions, with government slightly larger and the United States supplying most sales.
Builds four connected software platforms that turn fragmented organizational data into operational systems. Gotham supports defense, intelligence, and other government missions; Foundry integrates data, analytics, and workflows for commercial and government users; AIP connects large language models to governed data and human-reviewed processes; Apollo delivers and updates software across cloud, on-premises, and rugged environments. Their shared Ontology maps data, logic, and actions into a common operating model.
Revenue comes from software and related services sold to government and commercial institutions, with government customers contributing slightly more. Most revenue comes from the United States, while overseas work includes allied governments and enterprises. Complex deployments and direct customer involvement are central to execution; long sales cycles, contract termination rights, security-clearance requirements, export controls, and founder-concentrated voting power are structural dependencies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 15, 2026 | UBS | Reiterate | Rating: —Target: $215 | Target: $250 |
| Sep 11, 2026 | DA Davidson | Reiterate | Rating: —Target: $200 | Target: $250 |
| Aug 11, 2026 | Needham | Target | Target: — | Target: $215 |
| Aug 11, 2026 | UBS | Target | Target: $200 | Target: $215 |
| Aug 4, 2026 | Roth Capital | Initiate | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $9.41B · Total debt $211.4M · Total assets $11.68B · Shareholders' equity $9.77B
- Revenue
- $1.94B
- Operating income
- $912.0M
- Net income
- $1.06B
No dividends on record.
| Institutions | 61.00% | 1.47B shares | |
|---|---|---|---|
| 3,101 holders · as of Jun 30, 2026 | |||
| Insiders | 4.77% | 114.73M shares | |
| 12 holders · as of Sep 17, 2026 | |||
| Other | 34.23% | 822.36M shares | |
| remainder | |||
2.40B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.90% | 189.82M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.08% | 146.14M A | as of Jun 30, 2026 |
State Street CorpInstitution | 4.35% | 104.49M A | as of Jun 30, 2026 |
Alexander C. Karp1Insiderdirector, officer: See Remarks | 3.50% | 64.29M A | filed Aug 24, 2026 |
Invesco Ltd.Institution | 2.93% | 70.44M A | as of Jun 30, 2026 |
- Alexander C. Karp's transaction reports restate only vehicles that traded; the 2022 ownership statement (64.29M) plus the 19.88M net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Alexander D. Moore | director | −16,000 | $172.64 |
| Sep 1, 2026 | Lauren Elaina Friedman Stat | director | −1,342 | $182.50 |
| Aug 20, 2026 | Alexander C. Karp | director, officer: See Remarks | −492,348 | $174.79 |
| Aug 21, 2026 | Jeffrey Buckley | officer: See Remarks | −1,250 | $174.29 |
| Aug 20, 2026 | Jeffrey Buckley | officer: See Remarks | −2,055 | $174.83 |
- Microsoft
Widest overlap: Fabric vs Foundry, Copilot vs AIP, Azure Gov vs Apollo.
- Booz Allen Hamilton
Top federal AI provider; direct rival for DoD/IC analytics contracts.
- Amazon
AWS GovCloud dominates US gov cloud; Bedrock contests AIP on enterprise AI.
- Alphabet Class A
BigQuery/Vertex AI rival Foundry/AIP; Google Public Sector enters federal AI.
- Snowflake
Cloud data warehouse rival; Cortex AI contests AIP's AI-on-private-data play.
- Leidos
No. 2 US defense SI pivoting to high-margin software that overlaps Gotham.
- Science Applications International
DoD mission integrator; Tenjin AI and DAX contest Gotham/AIP in Tradewinds.
- C3.ai
Most direct enterprise AI app rival; overlaps AIP and Foundry on industrial AI.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Palantir Technologies | $184.41 | +0.73% | $420.39B | 155.2 | 96.9 | 68.3 | +92.8% |
| Microsoft | $507.42 | +1.16% | $3.72T | 27.9 | 25.6 | 11.2 | +17.8% |
| Booz Allen Hamilton | $77.50 | +0.27% | $9.31B | 12.1 | 12.4 | 0.8 | −4.2% |
| Amazon | $256.76 | −0.69% | $2.78T | 20.8 | 27.7 | 3.6 | +19.6% |
| Alphabet Class A | $356.25 | +0.30% | $4.30T | 17.8 | 26.4 | 9.6 | +24.2% |
| Snowflake | $345.00 | +1.81% | $117.63B | — | 133.2 | 21.6 | +35.1% |
| Leidos | $128.27 | −0.19% | $16.13B | 12.0 | 10.7 | 0.9 | +7.2% |
| Science Applications International | $134.10 | +0.55% | $5.64B | 15.6 | 13.0 | 0.8 | +6.3% |
| C3.ai | $10.96 | +0.83% | $1.65B | — | — | 7.1 | −25.5% |
| Median | 16.7 | 25.6 | 5.3 | +12.5% |