Overview

• Palantir reported first-quarter revenue of $884 million, a 39% increase year-over-year, alongside net income of $214 million, or 13 cents per share on an adjusted basis.
• U.S. commercial revenue climbed 71% year-over-year to exceed a $1 billion annual run rate as new enterprise deals expand beyond government contracts.
• The company guided for 36% full-year sales growth and 68% growth in U.S. commercial revenue on the back of sustained AI demand.
• Shares have surged 63% in 2025 after a 340% jump in 2024, prompting analysts including Chris Versace to raise price targets to around $140 despite a price-to-sales ratio near 97.
• Demand for the AI Platform (AIP) across finance, healthcare, manufacturing and defense has driven Palantir’s shift from a cash-burning operation to consistent profitability.