Filing Flows › Palantir Technologies (PLTR) › Q3 2025
Palantir Technologies (PLTR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Palantir Technologies (PLTR) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +63% from a year earlier and +18% from the quarter before. Operating margin was 33.3%, net earnings $476M (40.3% of revenue).
Palantir Technologies, Q3 2025: revenue $1.2B (+63% year over year), operating margin 33.3%, net earnings $476M, operating cash flow $508M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +18% | +63% |
| Gross profit | $974M | +20% | +68% |
| Operating profit | $393M | +46% | +248% |
| Net earnings | $476M | +46% | +231% |
| Operating cash flow | $508M | -6% | +21% |
| Free cash flow | $501M | -6% | +20% |
What changed
Revenue was $1.2B in Q3 2025, up 63% year over year and up 18% from the previous quarter.
Gross margin was 82.4%, up 2.7 points from a year earlier. Operating profit was $0.39B, a 33.3% margin (up 17.7 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 16% margin then. Operating expenses grew 25% against revenue growth of 63%. The fastest-growing cost line was Sales & marketing (+31%). Net earnings were $0.48B, up 231% year over year. The effective tax rate was 0.8%.
Operating cash flow was $0.51B (up 21% year over year), 106% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.01B left free cash flow of $0.50B.
Questions
What was Palantir Technologies' revenue in the third quarter 2025?
Palantir Technologies (PLTR) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +63% from a year earlier and +18% from the quarter before.
Was Palantir Technologies profitable in the third quarter 2025?
Operating profit was $393M (33.3% of revenue) and net earnings $476M.