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How Palantir Technologies (PLTR) makes money
Palantir Technologies (PLTR) made $2.3B of revenue in the third quarter 2026 (Q3 2026), +96% from a year earlier. Of every dollar of revenue, 83¢ was left as gross profit, 47¢ was left as operating profit, 49¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.3B | 100.0% |
| Cost of revenue | $383M | 16.6% |
| Gross profit | $1.9B | 83.4% |
| Operating expenses | $845M | 36.5% |
| Operating profit | $1.1B | 46.9% |
| Income tax | $13.6M | 0.6% |
| Net earnings | $1.1B | 48.8% |
| Operating cash flow | $1.2B | 52.1% |
| Free cash flow | $1.2B | 51.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.3B | +96% |
| Q2 2026 | $1.9B | +93% |
| Q1 2026 | $1.6B | +85% |
| Q4 2025 | $1.4B | +70% |
| Q3 2025 | $1.2B | +63% |
| Q2 2025 | $1.0B | +48% |
| Q1 2025 | $884M | +39% |
From Palantir Technologies' 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Palantir Technologies make money?
Palantir Technologies (PLTR) made $2.3B of revenue in the third quarter 2026 (Q3 2026), +96% from a year earlier. Of every dollar of revenue, 83¢ was left as gross profit, 47¢ was left as operating profit, 49¢ was left as net earnings.
What is Palantir Technologies' profit margin?
Net earnings were $1.1B, 48.8% of revenue, in the third quarter 2026; the operating margin was 46.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.