PLTR
Palantir Technologies Inc.

Palantir Technologies Inc.PLTR

Technology · Software - Infrastructure
184.99USD
+1.04%
Sep 23, 2026
PLTR overview ready
Mission-Command Software Integrating Defense AI and Operational Data
Palantir is a direct software-platform beneficiary of defense and intelligence modernization budgets, supplying the data-integration, operational AI, and mission-command layer rather than the physical weapon, sensor, or communications hardware.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Defense AI, Data Fusion and Mission Command Software — pure play.
Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Dependence on government contracts.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 2

Conviction Level

NarrativeHeat8.3ThemeHeat8.6PriceAction7.1Valuation2.7CompanyPosition9.3
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$444.5B
Avg Volume (60D)
36.8M
60 sessions
Revenue Growth YoY
+56.2%
FY2025 vs FY2024
Gross Margin
+84.8%
Trailing twelve months
Operating Margin
+42.8%
Trailing twelve months
Free Cash Flow Yield
+0.8%
Distance from 200DMA
+21.8%
Next Earnings
2026-11-02
P/E
147.4x
EV / EBITDA
163.4x
EV / Sales
70.7x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Dec 31, 2021

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
Palantir Technologies Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

Company Research

Thesis
Palantir is a direct software-platform beneficiary of defense and intelligence modernization budgets, supplying the data-integration, operational AI, and mission-command layer rather than the physical weapon, sensor, or communications hardware.
Opportunity
Moderate opportunity
Defense and intelligence spending on software that unifies classified and operational data, applies AI to analysis and workflows, and supports faster command-and-control decisions across domains and echelons.
Key risk
Dependence on government contracts.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Defense AI, Data Fusion and Mission Command Software, with strong fit.
PLTR has a genuine, direct fit with defense AI/data-fusion/mission-command software: its government platforms integrate disparate operational data and deploy AI-supported workflows on sensitive and classified networks.
Narrative HeatHeating up8.3 / 10
Theme HeatHot8.6 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Infrastructure
What they do

Palantir Technologies Inc. develops and deploys software platforms that integrate and analyze data to support intelligence, defense, and government operations globally.

How it earns

The company primarily generates revenue through subscription-based contracts with government and commercial customers.

Products & services
Palantir Gotham
Palantir Foundry
Customers & end markets
Government intelligence and defense agencies
Commercial enterprises
Market position

Leader in data integration and analytics software for intelligence and defense applications.

Demand drivers
Low cyclicality

Driven by long-term government contracts and mission-critical applications less sensitive to economic cycles.