Filing Flows › Palantir Technologies (PLTR) › Q3 2026 › vs Q3 2025
Palantir Technologies (PLTR) Q3 2026 vs Q3 2025 (year over year)
Palantir Technologies's revenue rose $1.1B (+96%) from $1.2B in Q3 2025 to $2.3B in Q3 2026. Gross margin 83.4% against 82.4% (+1.0 pts).
Palantir Technologies, Q3 2026: revenue $2.3B (+96% year over year), operating margin 46.9%, net earnings $1.1B, operating cash flow $1.2B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 83.4% | 82.4% | +1.0 pts |
| Operating margin | 46.9% | 33.3% | +13.6 pts |
| Net margin | 48.8% | 40.3% | +8.5 pts |
| Free cash flow margin | 51.7% | 42.4% | +9.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.3B | $1.2B | $1.1B | +96% |
| Gross profit | $1.9B | $974M | $956M | +98% |
| Cost of revenue | $383M | $207M | $176M | +85% |
| Other income, net | $63.2M | $87.2M | −$24.1M | -28% |
| Operating profit | $1.1B | $393M | $692M | +176% |
| Operating expenses | $845M | $581M | $265M | +46% |
| Pre-tax earnings | $1.1B | $481M | $668M | +139% |
| Research & development | $220M | $144M | $75.5M | +52% |
| Sales & marketing | $397M | $275M | $122M | +44% |
| General & admin | $229M | $162M | $67.1M | +42% |
| Net earnings | $1.1B | $476M | $652M | +137% |
| Minority interests | $6.4M | $1.1M | $5.3M | +460% |
| Income tax | $13.6M | $3.8M | $9.8M | +261% |
| Depreciation & amortization | $7.0M | $6.0M | $1.1M | +18% |
| Share-based compensation | $319M | $172M | $147M | +85% |
| Working capital & other | $249M | $146M | $103M | +71% |
| Operating cash flow | $1.2B | $508M | $697M | +137% |
| Free cash flow (OCF − capex) | $1.2B | $501M | $696M | +139% |
| Capital expenditures | $8.0M | $6.8M | $1.2M | +18% |
Questions
How much did Palantir Technologies's revenue grow year over year in Q3 2026?
Palantir Technologies's revenue rose $1.1B (+96%) from $1.2B in Q3 2025 to $2.3B in Q3 2026. Gross margin 83.4% against 82.4% (+1.0 pts).