Filing Flows › Palantir Technologies (PLTR) › Q2 2025
Palantir Technologies (PLTR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Palantir Technologies (PLTR) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), +48% from a year earlier and +14% from the quarter before. Operating margin was 26.8%, net earnings $327M (32.6% of revenue).
Palantir Technologies, Q2 2025: revenue $1.0B (+48% year over year), operating margin 26.8%, net earnings $327M, operating cash flow $539M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +14% | +48% |
| Gross profit | $811M | +14% | +48% |
| Operating profit | $269M | +53% | +156% |
| Net earnings | $327M | +53% | +144% |
| Operating cash flow | $539M | +74% | +274% |
| Free cash flow | $532M | +75% | +276% |
What changed
Revenue was $1.0B in Q2 2025, up 48% year over year and up 14% from the previous quarter.
Gross margin was 80.8%, down 0.3 points from a year earlier. Operating profit was $0.27B, a 26.8% margin (up 11.3 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 16% margin then. Operating expenses grew 22% against revenue growth of 48%. The fastest-growing cost line was Research & development (+24%). Net earnings were $0.33B, up 144% year over year. The effective tax rate was 1.1%.
Operating cash flow was $0.54B (up 274% year over year), 164% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.16B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.01B left free cash flow of $0.53B.
Questions
What was Palantir Technologies' revenue in the second quarter 2025?
Palantir Technologies (PLTR) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), +48% from a year earlier and +14% from the quarter before.
Was Palantir Technologies profitable in the second quarter 2025?
Operating profit was $269M (26.8% of revenue) and net earnings $327M.