PLTR

Financial Performance and Capital Allocation

Cluster Description

Financial guidance, profitability, and capital return commitments; the November 4, 2025 guidance updates supersede earlier 2025 outlooks.

Commitments

• November 04, 2025: Raised full-year 2025 guidance to revenue of $4.396–$4.400B, U.S. commercial revenue of at least $1.433B, adjusted income from operations of $2.151–$2.155B, and adjusted free cash flow of $1.9–$2.1B, superseding the August 04 and May 05, 2025 updates.
• November 04, 2025: Guided Q4 2025 revenue to $1.327–$1.331B and adjusted income from operations to $695–$699M, reiterating and finalizing the prior-day release.
• November 04, 2025: Committed to GAAP operating income and net income in each quarter of fiscal 2025.
• November 04, 2025: Guided to a full-year Rule of 40 score of 102% for 2025.
• November 04, 2025: Continued repurchasing shares with approximately $880M of authorization remaining.
• August 04, 2025: Raised full-year 2025 revenue guidance to $4.142–$4.150B and U.S. commercial revenue to in excess of $1.302B, later superseded on November 04, 2025.
• May 05, 2025: Raised full-year guidance to 36% revenue growth, at least 68% U.S. commercial growth, adjusted income from operations of $1.711–$1.723B, and adjusted free cash flow of $1.6–$1.8B, superseded by subsequent August and November raises.
• February 03, 2025: Initiated FY 2025 guide of $3.741–$3.757B revenue, U.S. commercial revenue >$1.079B, adjusted income from operations of $1.551–$1.567B, and adjusted free cash flow of $1.5–$1.7B, superseded by later updates.

Government and Defense Mission Delivery

Cluster Description

Programs and partnerships enabling defense missions and modernization across U.S. and allied governments; later 2025 commitments build on prior contract expansions.

Commitments

• November 04, 2025: Supported the U.S. Army’s consolidation onto Vantage and rapid sunsetting of legacy systems in line with current directives.
• November 04, 2025: Sustained investment in delivering advanced defense capabilities to the U.S. government and allied partners.
• September 10, 2025: Deployed Hadean’s simulation, C2, and training tools on Foundry across the UK Armed Forces, including availability in real-world classified MoD environments within months.
• July 02, 2025: Launched Warp Speed for Warships to accelerate warship production, fleet readiness, and digital transformation across the maritime industrial base.
• June 30, 2025: Established a strategic partnership with Accenture Federal Services as a preferred implementation partner training 1,000 practitioners on Foundry and AIP and co-developing key offerings.
• December 18, 2024: Extended Army Vantage with a contract up to four years, committing to continuously add AI capabilities and operationalize data across the Department of the Army.
• December 09, 2024: Expanded the USSOCOM contract to deliver advanced AI and mission management capabilities as lead software integrator.
• December 06, 2024: Formed a national security consortium using Anduril’s Lattice and Palantir AIP (including Maven Smart System) to improve decision-making across joint missions.

Security, Compliance, and Market Access Credentials

Cluster Description

Security accreditations and programs enabling compliant operations for government workloads and partner technologies; newer certifications reinforce and extend earlier authorizations.

Commitments

• September 17, 2025: Achieved CMMC Level 2 certification validating capability to secure national defense data and handle CUI.
• September 17, 2025: Offered FedStart to help SaaS partners rapidly achieve FedRAMP and CMMC compliance and access federal opportunities.
• September 17, 2025: Continued to invest in security-first architectures and robust compliance frameworks to protect sensitive government data and empower the DIB.
• April 17, 2025: Through FedStart, enabled Anthropic’s Claude to be offered to federal users with FedRAMP High and DoD IL5 compliance via a multi-cloud strategy.
• December 03, 2024: Achieved FedRAMP High Authorization for federal cloud services enabling secure processing of sensitive unclassified workloads.
• December 03, 2024: Accelerated collaboration with technology partners to operate securely for U.S. government missions post–FedRAMP High.

Manufacturing, Industrial, and Energy Transformation

Cluster Description

AI-driven operational excellence across manufacturing, MRO, energy, and complex industrial programs; later 2025 partnerships emphasize production ramp and cost efficiency.

Commitments

• November 17, 2025: Entered a multi-year strategic partnership with FTAI Aviation to leverage AIP across its global MRO footprint.
• November 17, 2025: Used AIP to improve maintenance scheduling, inventory, automation, and internal supply chain to reduce costs, speed turnaround, and improve unit economics toward a long-term 25% market share goal.
• September 04, 2025: Expanded a five-year partnership with Lear to broaden Foundry, Warp Speed, and AIP across global manufacturing, building on more than $30M in H1 2025 savings.
• June 26, 2025: Co-developed and deployed a Nuclear Operating System via Warp Speed to deliver on-time, on-budget nuclear construction with AI-driven regulatory and predictive capabilities.
• June 10, 2025: Entered a multi-year AI partnership with Fedrigoni to optimize stock and demand forecasting and build a data-driven organization.
• March 13, 2025: Scaled Warp Speed adoption across new manufacturers (e.g., Epirus, Red Cat, Saildrone, Saronic, SNC, Ursa Major) to accelerate U.S. production and ensure on-time delivery for complex programs like TITAN.
• December 11, 2024: Supported the inaugural Warp Speed manufacturing cohort, with reported up to 200x gains in supply-shortage responsiveness and expanded deployments at Shield AI and L3Harris.
• December 11, 2024: Extended a three-year partnership with Panasonic Energy to transform U.S. battery manufacturing and bolster energy self-sufficiency.

Healthcare and Life Sciences Data and AI Transformation

Cluster Description

Modernizing healthcare delivery, accreditation, clinical data access, and operational finance through AI; recent commitments focus on workforce enablement and regulatory-grade data.

Commitments

• November 17, 2025: Launched NHS Federated Data Platform apprenticeship programmes with Multiverse, with first cohorts in February 2026 to upskill staff in data and AI.
• October 06, 2025: Entered a multi-year partnership with OneMedNet to integrate AIP and deliver anonymized, regulatory-grade near real-time clinical data with faster inquiries and AI-powered cohorting and search.
• May 08, 2025: Formed a long-term strategic partnership with The Joint Commission to modernize accreditation using AI to improve patient safety and outcomes.
• March 14, 2025: Launched the R37 AI lab with R1 to automate revenue cycle operations and deploy enterprise solutions in H2 2025.
• December 18, 2024: Partnered with Pray.com to accelerate AI translation, reducing content translation from days to minutes to broaden access for ministries and nonprofits.

Financial Services and Insurance AI Modernization

Cluster Description

Embedding AI into core FS/insurance operations for measurable outcomes; the 2025 initiatives span modular AI workforces, institution-wide integration, and risk controls.

Commitments

• August 12, 2025: Expanded a multi-year partnership with SOMPO to scale Foundry across subsidiaries in Japan, targeting about $10M annual financial improvement via AI-enhanced underwriting.
• May 06, 2025: Collaborated with xAI and TWG Global to embed a modular AI workforce across financial services on an outcome-based model delivering measurable P&L impact in roughly 90 days.
• March 05, 2025: Established a joint venture with TWG Global to integrate AI at scale across financial services and insurance by embedding intelligence across core functions.
• March 04, 2025: Partnered with Societe Generale to deploy solutions enhancing security, data integrity, and financial-crime risk management across international retail banking.

Telecom and Network Modernization

Cluster Description

AI-enabled transformation of telecom operations and decommissioning of legacy infrastructure to deliver next-generation services.

Commitments

• September 04, 2025: Collaborated with Lumen to deploy Foundry and AIP to streamline workflows, decommission legacy telecom infrastructure, migrate products, and make operations AI-driven.

Urban Services and Smart City Operations

Cluster Description

Digitizing environmental services and mobility management to optimize resources, sustainability, and citizen outcomes.

Commitments

• November 06, 2025: Partnered with Valoriza to power waste and urban services with AIP and Foundry, unifying IoT and operational data to optimize routes, reduce emissions, and launch new digital services at scale.
• March 06, 2025: Formed a three-year strategic partnership with EYSA to integrate Palantir software and AI for smarter urban mobility applications including real-time road safety management and dynamic pricing.
• February 19, 2025: Established a multi-year partnership with SAUR to enhance contract management with generative AI, deploying to 300+ users and reducing complex processes from hours to minutes.

Ecosystem, Channels, and Go-to-Market Partnerships

Cluster Description

Alliances that expand delivery capacity and interoperability for enterprise AI; later 2025 deals deepen preferred-partner motions and platform integration.

Commitments

• November 19, 2025: Expanded a multi-year, multi-million-pound alliance with PwC UK to act as preferred partners in the UK, with PwC as Palantir’s preferred delivery partner to scale AI-led transformation.
• October 16, 2025: Partnered with Snowflake to integrate the AI Data Cloud with Foundry and AIP, enabling zero-copy interoperability and rapid deployment of AI agents to improve KPIs.
• April 11, 2025: Launched the Aither joint venture with Dubai Holding to scale enterprise-grade AI across UAE strategic sectors, aligned to D33 and national talent development, with formal signing slated for October 31, 2025.

Workforce Development and Customer Enablement

Cluster Description

Programs to train builders and customer teams on modern AI-driven operations; 2025 efforts broaden access beyond internal cohorts.

Commitments

• November 04, 2025: Continued and expanded Warp Speed and American Tech Fellowship initiatives to support reindustrialization and train frontline builders.
• November 04, 2025: Created American Tech Fellowship-style programs for customers’ employees upon request to accelerate capability building.

Australia Market Expansion via IRAP and Local Cloud Delivery

Cluster Description

Commitments enabled by IRAP PROTECTED to grow Australian public and commercial adoption with in-country hosting and high security; these initiatives are new and do not supersede prior public commitments.

Commitments

• November 20, 2025: Enabled a broader set of Australian government and commercial customers to use Palantir platforms while meeting national security and privacy standards following IRAP PROTECTED.
• November 20, 2025: Delivered Palantir Platform Australia cloud services, including Foundry and AIP, hosted in Australian AWS regions to meet locality, security, and compliance needs.
• November 20, 2025: Expanded software delivery across Australia to accelerate digital transformation and AI adoption in government and commercial sectors.
• November 20, 2025: Committed to the highest security standards to support Australia’s mission to safeguard sensitive data and infrastructure.

Product Innovation and R&D

Cluster Description

Ongoing investment in AIP, agents, and edge capabilities, with sustained R&D to extend functionality and customer value; later 2025 focuses on production-grade AI and agentic systems.

Commitments

• November 04, 2025: Delivered production-grade AI capabilities via AIP to turn AI from promise into performance.
• November 04, 2025: Shared AIP’s compounding AI leverage with customers with a company-wide focus on value creation.
• November 04, 2025: Continued investment in AIP product development and elite technical hiring with expenses expected to increase in Q4.
• November 04, 2025: Continued development and deployment of AI Hivemind for agent-driven problem solving integrated with ontology.
• November 04, 2025: Provided Edge Ontology for far-edge deployments on mobile and embedded devices integrated with enterprise AIP.
• July 22, 2025: Committed to continued R&D investment to enhance offerings and develop new features for the foreseeable future.
• April 30, 2025: Continued investing in research and development and usability enhancements with expected expense increases.
• February 18, 2025: Continued R&D investment with a 26% YoY increase in 2024 to enhance offerings and functionality.

Investor and Community Engagement

Cluster Description

Open communications and community events to showcase results and customer outcomes; later 2025 items are informational and do not supersede strategic commitments.

Commitments

• November 03, 2025: Held a live public webcast to discuss Q3 2025 results and financial outlook with replay availability.
• November 03, 2025: Made the CEO’s quarterly letter available on the company website.
• November 03, 2025: Published an investor presentation with supplemental financial information and reconciliations on the Investor Relations website.
• September 04, 2025: Hosted AIPCon 8 with exclusive pre-stream content and 70+ U.S. commercial customer speakers available via YouTube livestream.