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Palantir Technologies
NASDAQ: PLTR Technology IT 🔎 Screen
S&P 500 Nasdaq 100
$303.3B
Market Cap
282.1
P/E
3.89
PEG
119.4%
ROCE
26.0%
ROE
0.02
D/E
31.6%
OPM
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🌏 Global Investor Returns
Currency-adjusted total returns for PLTR including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally.

Key Ratios Snapshot
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⭐ Superinvestors Holding PLTR
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 6.99M $1.0B 1.60% Mar 2026
Cathie Wood ARK Investment Management 3.11M $454.9M 3.54% Mar 2026
Steve Cohen Point72 Asset Management 126.7K $18.5M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q1 2026
Revenue
$1.633B
+85% YoY
Operating Income
$754M
N/A
Operating Margin
46%
N/A
Net Income
$871M
N/A
What Went Right
  • U.S. revenue grew 104% YoY to $1.282B, first triple-digit growth since DPO
  • Rule of 40 score expanded to 145, up 18 points from Q4
  • Q1 revenue growth of 85% YoY, highest as a public company, with 11th consecutive acceleration
What to Watch
  • Potential government budget uncertainty from extended continuing resolutions
  • Intense competition for technical talent, especially from AI labs
  • International commercial revenue growth lagging at 26% YoY vs 133% U.S. commercial
Management Guidance
  • Q2 2026 revenue guidance: $1.797B – $1.801B
  • FY2026 revenue guidance raised to $7.650B – $7.662B (71% YoY growth)
  • FY2026 U.S. commercial revenue guidance raised to at least $3.224B (120%+ YoY growth)
Investor Lens
The thesis is markedly stronger after this call. Palantir delivered its highest-ever revenue growth rate, dramatically raised full-year guidance, and demonstrated that AIP is the definitive platform for enterprise AI without 'slop'. The combination of accelerating U.S. commercial momentum and deep government penetration positions Palantir as a unique scalable infrastructure play, though execution risks around talent retention and budget cycles remain.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Blowout quarter: 85% revenue growth, raise across the board
Revenue
Total revenue reached $1.633B, up 85% YoY and 16% sequentially. U.S. business was the standout at $1.282B (+104% YoY), with U.S. commercial surging 133% YoY to $595M and U.S. government up 84% YoY to $687M. International commercial grew 26% YoY.
Profitability
GAAP net income was $871M (53% margin) and GAAP EPS $0.34. Adjusted net income per share was $0.33. Adjusted income from operations was $984M (60% margin), reflecting significant operating leverage.
Margins
Adjusted gross margin was 88%. Adjusted operating margin of 60% combined with 85% revenue growth drove a Rule of 40 score of 145, an 18-point improvement from Q4. Expense growth was controlled at 7% sequentially, mainly from AI platform investment and technical hiring.
Balance Sheet
Cash from operations was $899M (55% margin) and adjusted free cash flow $925M (57% margin). Ended quarter with $8.0B in cash, equivalents, and short-term U.S. Treasuries. No debt mentioned.
Key Risks
Management cited potential headwinds from extended continuing resolutions in government spending, intense competition for engineering talent, and the need to manage rapid demand scaling. Competitors deploying AI enterprise solutions could challenge market share, though leadership views this as a tailwind expanding the market.
Outlook
Q2 revenue guided to $1.797-1.801B with adjusted operating income of $1.063-1.067B. Full-year revenue guidance raised to $7.65-7.66B (71% YoY), U.S. commercial revenue at least $3.224B (120%+ YoY), and adjusted FCF of $4.2-4.4B. Management expects GAAP profitability in every quarter.
Generated by AI · Q1 2026 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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