How Palantir Technologies makes money

Period

FY2025

How does Palantir Technologies make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Palantir Technologies Inc. · FY2025 · year ended 2025-12-31

Revenue$4.5BGross profit$3.7B · 82%Cost of revenue$789M · 18%Operating income$1.4B · 32%Operating expenses$2.3B · 51%R&D$558M · 12%SG&A$658M · 15%Selling & marketing$1.1B · 24%Pre-tax income$1.6B · 37%Other income$234M · 5%Net income$1.6B · 36%Income tax$23M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.