Overview

• Palantir confirmed it will not pursue contracts for the U.K. government’s proposed digital identity program, citing concerns over democratic mandate and data control reported by The Times and echoed by U.K. head Louis Mosley.
• The proposed system would require digital ID for right‑to‑work checks and store credentials in a smartphone wallet, with procurement estimates of £1.2 billion to £2 billion.
• In the U.K., the company is prioritizing lower‑risk work, including the £330 million NHS Federated Data Platform.
• Operational momentum remains strong, with Q2 2025 revenue reaching about $1 billion, up 48% year over year, driven by government sales of roughly $553 million, up 49%.
• Long‑term defense revenue is anchored by a 10‑year U.S. Army agreement valued at up to $10 billion, while investors weigh a market cap above $440 billion, rich valuation multiples, and CEO Alex Karp’s disclosed plan to sell about $1.2 billion in shares.