Company profile
SEC EDGAR ↗- Industry
- Services-Prepackaged Software
- Listed
- Nasdaq: PLTR
- Headquarters
- Aventura, FL
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $4.48B
- Net income
- $1.63B
- Total assets
- $8.90B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $4.48B | $1.63B | $8.90B |
| FY2024 | $2.87B | $467.9M | $6.34B |
| FY2023 | $2.23B | $217.4M | $4.52B |
| FY2022 | $1.91B | −$371.1M | $3.46B |
| FY2021 | $1.54B | −$520.4M | $3.25B |
| FY2020 | $1.09B | −$1.17B | $2.69B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
Decisions on record
One verified Decision Record on Palantir, and the casebook each one belongs to.
| Fork date | Decision type | What Palantir chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 2025 | Crisis Response | Take the ICE contract | Amnesty assessed Palantir 'failed to fulfill its human rights responsibilities due to the lack of adequate human rights due diligence' (2025-08) | Read the story → | Crisis Response Casebook → |
Run one of these yourself
The decisions Palantir faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
Business ModelThe Money MachineWhere does the money actually come from, and who sets the rate it comes in at?See the pack →Crisis & ReinventionThe Crisis ResponseWhat is one more quarter of not acting worth?See the pack →People & ControlThe RefusalWhat does your doctrine refuse, and can you pay for it in a bad year?See the pack →
The analyses
The Money Machine · Business Model
Palantir's Sole-Source Fortress Holds Only as Long as the Politics Do
Everyone calls Palantir's government business an uncancellable fortress. Its own SEC filings say the opposite: most contracts can be killed for convenience. The real moat is a sole-source justification that holds only as long as the politics do.
8 min
The Money Machine · Business Model
Palantir Turned 75 Army Contracts Into One $10 Billion Deal — the S-1 Named the Play
Everyone reads Palantir's government deals as a sales win. They're a structural one. The S-1 names the model out loud - 'Acquire, Expand, and Scale' - and it just turned 75 Army contracts into a single $10 billion enterprise agreement.
8 min
The Crisis Response · Crisis & Reinvention
Palantir Promised in Writing It Would Not Build for ICE. Then It Did.
In 2020 Palantir told Amnesty International it had 'purposefully declined' contracts with ICE's enforcement arm over human-rights risks. Under Trump's second term it took a $30M contract to build ImmigrationOS - and the controversy isn't a scandal so much as a documented U-turn.
8 min
The Culture Doctrine · People & Control
Palantir Built a Company Around a Manifesto. The Manifesto Is Also the Risk.
Palantir's culture isn't a perks page - it's an ideology that screens employees, customers, and contracts. It grew a 313-person startup into a $4.5B defense machine. It also got the company sued by the Department of Labor and alienates half its commercial market.
8 min
The Moat Anatomy · Moat & Competition
Palantir's Clients Can Cancel for Convenience — Seven Years of NHS Data Speak Only Palantir
Everyone says Palantir's government clients are locked in forever. Its own SEC filings say the majority of those contracts can be cancelled for convenience. The real moat is stranger than permanence: seven years of NHS patient data that only speaks Palantir.
8 min