PLTR$178.34▼ 3.1%Palantir's sales grew 96%. The value of the new deals it signed grew 6%
For the first time, U.S. companies paid Palantir more than the U.S. government did, its Nov. 2 results show. Its releases also show growth in the value of the contracts it signs slowing in each quarter of 2026.
KeyVex News··5 min readFact-checked against 12 public recordsKeyVex News··5 min readFact-checked against 12 public recordsPLTR$178.34▼ 3.1%Close, Nov. 2. Prices from Tiingo.The short versionTap to readTap to close
- Palantir reports two numbers: revenue, which it generally books evenly over each contract's term, and contract value, the potential lifetime value of the contracts it signed in the quarter.
- In the third quarter, revenue grew 96% from a year earlier, faster than in any of the eight quarters before. Contract value grew 6%.
- That second number grew 151% a year earlier and 138% at the end of 2025, then slowed in each quarter of 2026: 61%, 49%, now 6%.
- Under Palantir's definition, a shorter contract carries less value at signing, even for the same yearly spending.
- Finance chief David Glazer said several deals worth tens of millions of dollars were shorter than usual, and he expects their length and size to grow over time, according to an Investing.com transcript.
The quarter: Palantir Technologies said after the market closed on Nov. 2 that third-quarter revenue grew 96% from a year earlier, nearly doubling to $2.3 billion.8-KRelease For the first time, its U.S. commercial customers paid it more than the U.S. government did: $984 million against $953 million.Release
The stock: Palantir closed at $178.34 on Nov. 2, before the report.KeyVex At 9:52 a.m. Eastern on Nov. 3, after the open, it traded at $170.68, 4.3% lower.KeyVex That was about 18% below its Oct. 9 close of $209.05, its highest since it began trading in 2020.KeyVex Palantir's filings give no reason for the move.Release10-Q
Why it matters: Palantir generally books revenue evenly over a contract's term, so it reflects deals signed in earlier quarters too.10-Q Total contract value is the potential lifetime value of the contracts signed in the quarter. Revenue grew faster than in any of the eight quarters before. Contract value grew 6%, the slowest of the six quarters charted below.ReleaseQ2 releaseQ1 releaseQ4 releaseQ3 2025Q2 2025
Palantir's stock and the story's key datesDaily close, Oct. 1, 2025 to Nov. 2, 2026 ▼ 3.6%Show chartHide chart
- 1Nov. 4, 2025 The day after its third-quarter 2025 report. Close: $190.74, down 7.9% from the day before.
- 2Feb. 3, 2026 The day after its fourth-quarter 2025 report. Close: $157.88, up 6.8%.
- 3May 5, 2026 The day after its first-quarter 2026 report. Close: $135.91, down 6.9%.
- 4Aug. 4, 2026 The day after its second-quarter 2026 report. Close: $162.66, up 29.5%.
- 5Oct. 9, 2026 Its highest close. Close: $209.05, the highest since Palantir began trading in September 2020.
- 6Nov. 2, 2026 The last close before the third-quarter 2026 report. Close: $178.34. Palantir reported after the market closed.
View the data (274 trading days)
| Date | Close | Day change |
|---|---|---|
| 2026-11-02 | $178.34 | −3.1% |
| 2026-10-30 | $184.11 | −6.3% |
| 2026-10-29 | $196.42 | −0.2% |
| 2026-10-28 | $196.81 | −1.0% |
| 2026-10-27 | $198.73 | −0.1% |
| 2026-10-26 | $198.84 | +1.1% |
| 2026-10-23 | $196.75 | +0.3% |
| 2026-10-22 | $196.19 | −2.7% |
| 2026-10-21 | $201.72 | +4.7% |
| 2026-10-20 | $192.60 | −0.8% |
| 2026-10-19 | $194.15 | +4.4% |
| 2026-10-16 | $186.03 | −7.2% |
| 2026-10-15 | $200.50 | −0.2% |
| 2026-10-14 | $200.97 | −3.7% |
| 2026-10-13 | $208.67 | −0.2% |
| 2026-10-12 | $209.00 | 0.0% |
| 2026-10-09 | $209.05 | +5.2% |
| 2026-10-08 | $198.78 | +2.4% |
| 2026-10-07 | $194.12 | +1.1% |
| 2026-10-06 | $192.07 | +1.4% |
| 2026-10-05 | $189.40 | +0.3% |
| 2026-10-02 | $188.75 | −0.7% |
| 2026-10-01 | $190.04 | +1.6% |
| 2026-09-30 | $187.05 | 0.0% |
| 2026-09-29 | $186.97 | −0.3% |
| 2026-09-28 | $187.48 | −1.2% |
| 2026-09-25 | $189.67 | −1.5% |
| 2026-09-24 | $192.59 | +0.4% |
| 2026-09-23 | $191.79 | +3.7% |
| 2026-09-22 | $184.99 | +1.0% |
| 2026-09-21 | $183.09 | +3.1% |
| 2026-09-18 | $177.64 | +0.8% |
| 2026-09-17 | $176.24 | +1.1% |
| 2026-09-16 | $174.34 | +1.0% |
| 2026-09-15 | $172.56 | −0.4% |
| 2026-09-14 | $173.31 | +3.6% |
| 2026-09-11 | $167.23 | +0.8% |
| 2026-09-10 | $165.86 | −2.2% |
| 2026-09-09 | $169.53 | −0.5% |
| 2026-09-08 | $170.30 | −2.3% |
| 2026-09-04 | $174.33 | −4.5% |
| 2026-09-03 | $182.53 | +7.7% |
| 2026-09-02 | $169.46 | −5.8% |
| 2026-09-01 | $179.92 | −3.5% |
| 2026-08-31 | $186.38 | 0.0% |
| 2026-08-28 | $186.29 | +0.2% |
| 2026-08-27 | $185.93 | +4.7% |
| 2026-08-26 | $177.50 | +2.8% |
| 2026-08-25 | $172.73 | −1.8% |
| 2026-08-24 | $175.89 | −2.3% |
| 2026-08-21 | $179.94 | +3.4% |
| 2026-08-20 | $173.96 | −0.7% |
| 2026-08-19 | $175.19 | +2.1% |
| 2026-08-18 | $171.54 | −0.6% |
| 2026-08-17 | $172.55 | −0.9% |
| 2026-08-14 | $174.04 | −2.8% |
| 2026-08-13 | $179.01 | +4.7% |
| 2026-08-12 | $171.04 | −2.2% |
| 2026-08-11 | $174.94 | −0.2% |
| 2026-08-10 | $175.23 | +1.9% |
| 2026-08-07 | $172.01 | +10.3% |
| 2026-08-06 | $155.92 | −1.6% |
| 2026-08-05 | $158.43 | −2.6% |
| 2026-08-04 | $162.66 | +29.5% |
| 2026-08-03 | $125.65 | +2.1% |
| 2026-07-31 | $123.06 | +0.7% |
| 2026-07-30 | $122.26 | −0.6% |
| 2026-07-29 | $123.00 | −0.4% |
| 2026-07-28 | $123.53 | −6.1% |
| 2026-07-27 | $131.53 | +7.0% |
| 2026-07-24 | $122.92 | −0.4% |
| 2026-07-23 | $123.37 | −1.0% |
| 2026-07-22 | $124.57 | −6.1% |
| 2026-07-21 | $132.66 | −1.6% |
| 2026-07-20 | $134.85 | +1.9% |
| 2026-07-17 | $132.38 | −1.5% |
| 2026-07-16 | $134.44 | +0.5% |
| 2026-07-15 | $133.76 | 0.0% |
| 2026-07-14 | $133.72 | +2.8% |
| 2026-07-13 | $130.04 | +2.6% |
| 2026-07-10 | $126.79 | −1.7% |
| 2026-07-09 | $129.04 | −2.4% |
| 2026-07-08 | $132.22 | −1.6% |
| 2026-07-07 | $134.37 | +1.4% |
| 2026-07-06 | $132.54 | +2.5% |
| 2026-07-02 | $129.30 | +2.8% |
| 2026-07-01 | $125.73 | +7.8% |
| 2026-06-30 | $116.67 | +0.8% |
| 2026-06-29 | $115.70 | +2.5% |
| 2026-06-26 | $112.93 | +5.3% |
| 2026-06-25 | $107.27 | −5.5% |
| 2026-06-24 | $113.50 | −2.7% |
| 2026-06-23 | $116.70 | −2.3% |
| 2026-06-22 | $119.50 | −7.0% |
| 2026-06-18 | $128.47 | −1.7% |
| 2026-06-17 | $130.63 | −2.0% |
| 2026-06-16 | $133.25 | −1.1% |
| 2026-06-15 | $134.71 | +5.3% |
| 2026-06-12 | $127.99 | −2.4% |
| 2026-06-11 | $131.08 | +0.7% |
| 2026-06-10 | $130.21 | −1.4% |
| 2026-06-09 | $132.07 | −3.2% |
| 2026-06-08 | $136.47 | +0.7% |
| 2026-06-05 | $135.53 | −4.4% |
| 2026-06-04 | $141.70 | −0.4% |
| 2026-06-03 | $142.20 | −6.6% |
| 2026-06-02 | $152.17 | −5.3% |
| 2026-06-01 | $160.65 | +2.6% |
| 2026-05-29 | $156.54 | +9.2% |
| 2026-05-28 | $143.34 | +8.2% |
| 2026-05-27 | $132.51 | −3.0% |
| 2026-05-26 | $136.60 | −0.2% |
| 2026-05-22 | $136.88 | −0.4% |
| 2026-05-21 | $137.41 | +0.2% |
| 2026-05-20 | $137.15 | +1.4% |
| 2026-05-19 | $135.26 | +0.1% |
| 2026-05-18 | $135.14 | +0.9% |
| 2026-05-15 | $133.99 | +0.2% |
| 2026-05-14 | $133.73 | +2.8% |
| 2026-05-13 | $130.05 | −4.4% |
| 2026-05-12 | $136.00 | −0.7% |
| 2026-05-11 | $136.89 | −0.7% |
| 2026-05-08 | $137.80 | +0.5% |
| 2026-05-07 | $137.05 | +2.4% |
| 2026-05-06 | $133.79 | −1.6% |
| 2026-05-05 | $135.91 | −6.9% |
| 2026-05-04 | $146.03 | +1.4% |
| 2026-05-01 | $144.07 | +3.6% |
| 2026-04-30 | $139.11 | +0.8% |
| 2026-04-29 | $137.97 | −2.3% |
| 2026-04-28 | $141.18 | −1.3% |
| 2026-04-27 | $143.10 | 0.0% |
| 2026-04-24 | $143.09 | +1.1% |
| 2026-04-23 | $141.57 | −7.2% |
| 2026-04-22 | $152.62 | +4.6% |
| 2026-04-21 | $145.97 | +0.1% |
| 2026-04-20 | $145.89 | −0.3% |
| 2026-04-17 | $146.39 | +2.5% |
| 2026-04-16 | $142.76 | +0.4% |
| 2026-04-15 | $142.15 | +4.8% |
| 2026-04-14 | $135.70 | +2.5% |
| 2026-04-13 | $132.37 | +3.4% |
| 2026-04-10 | $128.06 | −1.9% |
| 2026-04-09 | $130.49 | −7.3% |
| 2026-04-08 | $140.76 | −6.2% |
| 2026-04-07 | $150.07 | +1.4% |
| 2026-04-06 | $147.93 | −0.4% |
| 2026-04-02 | $148.46 | +1.3% |
| 2026-04-01 | $146.49 | +0.1% |
| 2026-03-31 | $146.28 | +6.3% |
| 2026-03-30 | $137.55 | −3.9% |
| 2026-03-27 | $143.06 | −3.0% |
| 2026-03-26 | $147.56 | −4.8% |
| 2026-03-25 | $154.96 | +0.1% |
| 2026-03-24 | $154.78 | −3.8% |
| 2026-03-23 | $160.84 | +6.7% |
| 2026-03-20 | $150.68 | −3.2% |
| 2026-03-19 | $155.68 | +1.9% |
| 2026-03-18 | $152.77 | −1.5% |
| 2026-03-17 | $155.08 | +1.5% |
| 2026-03-16 | $152.72 | +1.2% |
| 2026-03-13 | $150.95 | −1.7% |
| 2026-03-12 | $153.50 | +1.3% |
| 2026-03-11 | $151.60 | +0.3% |
| 2026-03-10 | $151.14 | −3.4% |
| 2026-03-09 | $156.43 | −0.5% |
| 2026-03-06 | $157.16 | +2.9% |
| 2026-03-05 | $152.67 | −0.3% |
| 2026-03-04 | $153.19 | +4.1% |
| 2026-03-03 | $147.22 | +1.4% |
| 2026-03-02 | $145.17 | +5.8% |
| 2026-02-27 | $137.19 | +0.9% |
| 2026-02-26 | $135.94 | +1.3% |
| 2026-02-25 | $134.19 | +4.2% |
| 2026-02-24 | $128.84 | −1.3% |
| 2026-02-23 | $130.60 | −3.4% |
| 2026-02-20 | $135.24 | +0.3% |
| 2026-02-19 | $134.89 | −0.4% |
| 2026-02-18 | $135.38 | +1.8% |
| 2026-02-17 | $133.02 | +1.2% |
| 2026-02-13 | $131.41 | +1.8% |
| 2026-02-12 | $129.13 | −4.8% |
| 2026-02-11 | $135.68 | −2.7% |
| 2026-02-10 | $139.51 | −2.4% |
| 2026-02-09 | $142.91 | +5.2% |
| 2026-02-06 | $135.90 | +4.5% |
| 2026-02-05 | $130.01 | −6.8% |
| 2026-02-04 | $139.54 | −11.6% |
| 2026-02-03 | $157.88 | +6.8% |
| 2026-02-02 | $147.76 | +0.8% |
| 2026-01-30 | $146.59 | −3.5% |
| 2026-01-29 | $151.86 | −3.5% |
| 2026-01-28 | $157.35 | −5.0% |
| 2026-01-27 | $165.70 | −1.1% |
| 2026-01-26 | $167.47 | −1.3% |
| 2026-01-23 | $169.60 | +2.2% |
| 2026-01-22 | $165.90 | +0.3% |
| 2026-01-21 | $165.33 | −1.9% |
| 2026-01-20 | $168.53 | −1.4% |
| 2026-01-16 | $170.96 | −3.5% |
| 2026-01-15 | $177.07 | −0.7% |
| 2026-01-14 | $178.40 | −0.3% |
| 2026-01-13 | $178.96 | −0.3% |
| 2026-01-12 | $179.41 | +1.1% |
| 2026-01-09 | $177.49 | +0.4% |
| 2026-01-08 | $176.86 | −2.7% |
| 2026-01-07 | $181.68 | +1.1% |
| 2026-01-06 | $179.71 | +3.3% |
| 2026-01-05 | $174.04 | +3.7% |
| 2026-01-02 | $167.86 | −5.6% |
| 2025-12-31 | $177.75 | −1.7% |
| 2025-12-30 | $180.84 | −1.8% |
| 2025-12-29 | $184.18 | −2.4% |
| 2025-12-26 | $188.71 | −2.8% |
| 2025-12-24 | $194.17 | 0.0% |
| 2025-12-23 | $194.13 | +0.1% |
| 2025-12-22 | $193.98 | +0.3% |
| 2025-12-19 | $193.38 | +4.1% |
| 2025-12-18 | $185.69 | +4.7% |
| 2025-12-17 | $177.29 | −5.6% |
| 2025-12-16 | $187.75 | +2.5% |
| 2025-12-15 | $183.25 | −0.2% |
| 2025-12-12 | $183.57 | −2.1% |
| 2025-12-11 | $187.54 | −0.2% |
| 2025-12-10 | $187.91 | +3.3% |
| 2025-12-09 | $181.84 | +0.2% |
| 2025-12-08 | $181.49 | −0.1% |
| 2025-12-05 | $181.76 | +2.2% |
| 2025-12-04 | $177.92 | +1.0% |
| 2025-12-03 | $176.08 | +3.2% |
| 2025-12-02 | $170.69 | +1.9% |
| 2025-12-01 | $167.49 | −0.6% |
| 2025-11-28 | $168.45 | +1.6% |
| 2025-11-26 | $165.77 | +1.4% |
| 2025-11-25 | $163.55 | +0.8% |
| 2025-11-24 | $162.25 | +4.8% |
| 2025-11-21 | $154.85 | −0.6% |
| 2025-11-20 | $155.75 | −5.8% |
| 2025-11-19 | $165.42 | −1.1% |
| 2025-11-18 | $167.33 | −2.3% |
| 2025-11-17 | $171.25 | −1.6% |
| 2025-11-14 | $174.01 | +1.1% |
| 2025-11-13 | $172.14 | −6.5% |
| 2025-11-12 | $184.17 | −3.6% |
| 2025-11-11 | $190.96 | −1.4% |
| 2025-11-10 | $193.61 | +8.8% |
| 2025-11-07 | $177.93 | +1.6% |
| 2025-11-06 | $175.05 | −6.8% |
| 2025-11-05 | $187.90 | −1.5% |
| 2025-11-04 | $190.74 | −7.9% |
| 2025-11-03 | $207.18 | +3.3% |
| 2025-10-31 | $200.47 | +3.0% |
| 2025-10-30 | $194.55 | −2.1% |
| 2025-10-29 | $198.81 | +4.9% |
| 2025-10-28 | $189.60 | +0.2% |
| 2025-10-27 | $189.18 | +2.5% |
| 2025-10-24 | $184.63 | +2.3% |
| 2025-10-23 | $180.48 | +2.8% |
| 2025-10-22 | $175.49 | −3.3% |
| 2025-10-21 | $181.51 | 0.0% |
| 2025-10-20 | $181.59 | +1.9% |
| 2025-10-17 | $178.15 | 0.0% |
| 2025-10-16 | $178.12 | −0.8% |
| 2025-10-15 | $179.62 | −0.1% |
| 2025-10-14 | $179.74 | +1.4% |
| 2025-10-13 | $177.21 | +1.0% |
| 2025-10-10 | $175.44 | −5.4% |
| 2025-10-09 | $185.47 | +1.0% |
| 2025-10-08 | $183.56 | +0.8% |
| 2025-10-07 | $182.17 | +1.5% |
| 2025-10-06 | $179.53 | +3.7% |
| 2025-10-03 | $173.07 | −7.5% |
| 2025-10-02 | $187.05 | +1.1% |
| 2025-10-01 | $184.95 |
Nov. 3 is not in the chart: the day had not closed when this story was written. Source: Tiingo end-of-day closes, as traded, via KeyVex.Chart data
The lines that crossed
In the third quarter of 2024, the government was by far Palantir's bigger U.S. customer: U.S. commercial revenue was $179 million, about 56% of the $320 million the government paid.Q3 2024 In every quarter since, commercial sales grew faster than government sales.Q4 2024Q1 2025Q2 2025Q3 2025Q4 releaseQ1 releaseQ2 release In the third quarter, U.S. commercial revenue rose 148% from a year earlier. Washington did not shrink: government revenue rose 96%.Release
View the data
| Quarter | U.S. government revenue | U.S. commercial revenue |
|---|---|---|
| Q3 2026 | $953M | $984M |
| Q2 2026 | $809M | $764M |
| Q1 2026 | $687M | $595M |
| Q4 2025 | $570M | $507M |
| Q3 2025 | $486M | $397M |
| Q2 2025 | $426M | $306M |
| Q1 2025 | $373M | $255M |
| Q4 2024 | $343M | $214M |
| Q3 2024 | $320M | $179M |
Sources: Palantir's quarterly earnings releases, third quarter 2024 to third quarter 2026 (Form 8-K, Exhibit 99.1).
The number that slowed
Palantir signed $2.918 billion of total contract value in the quarter, up 6% from a year earlier.Release That is the potential lifetime value of the contracts it entered, counting every option a customer could exercise, the release says.Release Most of its contracts can be ended early, it adds.Release
In 2025 that number was growing far faster. In the third quarter of 2025, Palantir signed a then-record $2.76 billion, up 151%, and growth was 138% in the fourth.Q3 2025Q4 release In 2026 growth slowed to 61%, then 49%, then 6%.Q1 releaseQ2 releaseRelease
U.S. commercial contracts signed fell from the second quarter's record $2.132 billion to $1.463 billion, still 11% more than a year earlier.ReleaseQ2 release Its U.S. commercial remaining deal value, what remains on signed contracts if every option is exercised, grew 4% from the end of June, to $6.517 billion.Release It had grown 27% the quarter before.Q2 release
Palantir's revenue growth against growth in contracts signedShow chartHide chart
View the data
| Quarter | Revenue, growth from a year earlier | Total contract value signed, growth from a year earlier |
|---|---|---|
| Q3 2026 | 96% | 6% |
| Q2 2026 | 93% | 49% |
| Q1 2026 | 85% | 61% |
| Q4 2025 | 70% | 138% |
| Q3 2025 | 63% | 151% |
| Q2 2025 | 48% | 140% |
Sources: Palantir's quarterly earnings releases (Form 8-K, Exhibit 99.1). The releases before the second quarter of 2025 do not state total contract value in their highlights.
After the last reports
Palantir's stock has not moved one way after its reports. The day after the last four, it closed 7.9% lower, 6.8% higher, 6.9% lower and 29.5% higher.KeyVex From its 2026 low close of $107.27 on June 25, it nearly doubled to the Oct. 9 record.KeyVex
What Palantir says
On the call, chief financial officer David Glazer said, "We signed multiple eight-figure deals in the quarter that were shorter in duration than usual," according to a transcript published by Investing.com.ProxyCall He said customers were rapidly adopting their first Sovereign AI capabilities, as Palantir calls them, according to the transcript.Call Eight figures means $10 million to just under $100 million. Under Palantir's definition, a shorter contract carries less lifetime value at signing, even for the same yearly spending.Release
Palantir's quarterly report, submitted to the SEC that evening, says it generally offers contract terms of one to five years, and that customers sometimes sign shorter ones.10-Q
The company also raised its forecast. It now expects 2026 revenue of $8.530 billion to $8.534 billion, and U.S. commercial revenue above $3.559 billion.Release Morgan Stanley analyst Sanjit Singh kept his Hold rating after the report, TipRanks reported.TipRanks He also raised his forecast for Palantir's 2027 revenue growth to 65% from 45%, according to TipRanks.TipRanks
Neither Palantir's release nor its quarterly report gives the length of the quarter's deals.Release10-Q Its fourth-quarter report will give total contract value again, the first since Glazer said that over time he expects "both the duration and size of these contracts to increase."Call
What to watch
Palantir's fourth quarter ends; its forecast is $2.649 billion to $2.653 billion of revenue.Release
The fourth-quarter report, with total contract value again. Palantir reported its last two fourth quarters on Feb. 3, 2025 and Feb. 2, 2026.Q4 2024Q4 release
The paper trail
The filings cited here, with the time EDGAR accepted them (Eastern).
| Filed (ET) | Form | Filer | What it shows |
|---|---|---|---|
| Nov. 2, 2026, 4:06 p.m. | EX-99.1 | Palantir | Third-quarter 2026 results: revenue $2.313 billion, up 96%; total contract value $2.918 billion, up 6%. |
| Aug. 3, 2026, 4:06 p.m. | EX-99.1 | Palantir | Second-quarter 2026 results: total contract value up 49%; record $2.132 billion of U.S. commercial contract value. |
| May 4, 2026, 4:06 p.m. | EX-99.1 | Palantir | First-quarter 2026 results: total contract value up 61%. |
| Feb. 2, 2026, 4:06 p.m. | EX-99.1 | Palantir | Fourth-quarter 2025 results: total contract value up 138%. |
| Nov. 3, 2025, 4:06 p.m. | EX-99.1 | Palantir | Third-quarter 2025 results: total contract value up 151%. |
| Aug. 4, 2025, 4:07 p.m. | EX-99.1 | Palantir | Second-quarter 2025 results: total contract value up 140%. |
Sources
15 sources, 12 of them public records
Public records
- "Palantir Reports Q3 2026 U.S. Comm Revenue Growth of 148% Y/Y and Revenue Growth of 96% Y/Y" (Form 8-K, Exhibit 99.1)SEC EDGAR · Nov. 2, 2026
- Palantir Technologies Inc., Form 8-K, Item 2.02: Results of OperationsSEC EDGAR · Nov. 2, 2026
- Palantir second-quarter 2026 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · Aug. 3, 2026
- Palantir first-quarter 2026 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · May 4, 2026
- Palantir fourth-quarter 2025 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · Feb. 2, 2026
- Palantir third-quarter 2025 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · Nov. 3, 2025
- Palantir second-quarter 2025 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · Aug. 4, 2025
- Palantir first-quarter 2025 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · May 5, 2025
- Palantir fourth-quarter 2024 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · Feb. 3, 2025
- Palantir third-quarter 2024 earnings release (Form 8-K, Exhibit 99.1)SEC EDGAR · Nov. 4, 2024
- Palantir Technologies Inc., Form 10-Q for the quarter ended Sept. 30, 2026SEC EDGAR · Nov. 2, 2026
- Palantir Technologies Inc., 2026 proxy statement (Schedule 14A)SEC EDGAR · April 2026
Reporting
- "Earnings call transcript: Palantir tops Q3 2026 estimates but shares fall"Investing.com · Nov. 2, 2026
- TipRanks report on Palantir's third-quarter results and Morgan Stanley's ratingTipRanks · Nov. 3, 2026
Data
- Daily prices for PLTR, SPY and QQQ, and the Nov. 3 intraday quote (Tiingo)KeyVex · through Nov. 3, 2026
How we got these numbers
- Growth rates, revenue by customer and contract values are as Palantir's quarterly earnings releases state them (Form 8-K, Exhibit 99.1, third quarter 2024 through third quarter 2026); KeyVex did not recompute them. The releases for the third and fourth quarters of 2024 and the first quarter of 2025 do not give company-wide total contract value in their highlights (the last two give U.S. commercial contract value only), so the growth chart starts with the second quarter of 2025. 56% is $179 million of U.S. commercial revenue against $320 million of U.S. government revenue in the third quarter of 2024. Total contract value, in the releases' definition, is the potential lifetime value of contracts at signing and assumes every option is exercised; remaining deal value is what remains on contracts at the end of the quarter.
- Prices are closes as traded. The Nov. 3 price is a live quote, the IEX last sale via Tiingo at 9:52 a.m. Eastern, not a close: $170.68 against the Nov. 2 close of $178.34 is -4.30%. Day-after moves compare the close the day after each report (all released after the close) with the close on the report day: Nov. 3 to Nov. 4, 2025, $207.18 to $190.74 (-7.9%); Feb. 2 to Feb. 3, 2026, $147.76 to $157.88 (+6.8%); May 4 to May 5, $146.03 to $135.91 (-6.9%); Aug. 3 to Aug. 4, $125.65 to $162.66 (+29.5%). $209.05 on Oct. 9, 2026 is the highest of KeyVex's Palantir closes from its first, Sept. 30, 2020. $107.27 on June 25 was the lowest close of 2026 through Nov. 2. $170.68 is 18.4% below $209.05. Faster than in any of the eight quarters before: revenue growth of 30%, 36%, 39%, 48%, 63%, 70%, 85% and 93% from the third quarter of 2024 to the second quarter of 2026. Revenue of $2.313 billion is rounded to $2.3 billion in the text.
- The S&P 500 and Nasdaq 100 lines in the chart follow SPY and QQQ, as traded, rebased. The Filings switch shows the filing markers from KeyVex's Palantir stock page, a selection of congressional trades, insider sales, Form 144 notices, 8-Ks and lobbying filings: not every filing, and not only those tied to this story.
- The header image was generated for KeyVex by an image model. It is an illustration, not a photograph of a real Palantir building. This is a reading of the company's filings and news reports, not investment advice.