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Jun 30
Palantir Q2 2025 Earnings Report
Palantir posted strong revenue and earnings growth driven by a surge in U.S. commercial demand.
Key Takeaways
Palantir delivered a strong Q2 2025 with robust growth in U.S. commercial revenue, high profitability, and significant deal activity, driven by AI adoption and enterprise demand.
Revenue grew to over $1 billion in Q2, driven by strong U.S. performance.
U.S. commercial revenue surged 93% YoY to $306 million.
EPS reached $0.13 with adjusted EPS of $0.16 and net income of $327 million.
Palantir closed 157 deals ≥ $1M, signaling strong enterprise demand.
Palantir
Palantir
Palantir Revenue by Segment
Palantir Revenue by Geographic Location
Revenue by Segment
Commercial Revenue
CapyFin.comGovernment Revenue
CapyFin.comRevenue by Geographic Location
U.S. Commercial Revenue
CapyFin.comU.S. Government Revenue
CapyFin.com Forward Guidance
Palantir expects strong momentum to continue into Q3 and raised its full-year guidance on revenue and U.S. commercial performance.
Positive Outlook
- Q3 revenue expected between $1.083B and $1.087B
- Guiding to 50% YoY growth in Q3 revenue
- U.S. commercial RDV reached $2.79B, up 145% YoY
- Raised FY25 revenue guidance to $4.142B–$4.150B
- Raised FY25 U.S. commercial guidance to $1.302B+ (85% YoY growth)
Challenges Ahead
- Capital expenditures increased to support expansion
- Operating lease liabilities remained high at $237.8M
- Stock-based compensation still significant at $159.9M
- Slight sequential rise in customer deposits liabilities
- No guidance provided on headcount or hiring trends
Revenue & Expenses
Visualization of income flow from segment revenue to net income