Palantir Technologies Inc. filed its quarterly report on Form 10-Q with the SEC on November 3, 2026, covering the three and nine months ended September 30, 2026, disclosing revenue of $2.313 billion and net income attributable to common stockholders of $1.128 billion for the third quarter.

Key Highlights

  • Q3 2026 revenue: $2,313,411 thousand, compared with $1,181,092 thousand in Q3 2025, according to the filing.
  • Q3 2026 net income attributable to common stockholders: $1,128,012 thousand, up from $475,599 thousand in Q3 2025.
  • Nine-month revenue: $5,881,458 thousand for the nine months ended September 30, 2026, versus $3,068,644 thousand for the same period in 2025.
  • Diluted EPS: $0.44 for Q3 2026, compared with $0.18 in Q3 2025; $1.19 for the nine months ended September 30, 2026, versus $0.40 for the same period in 2025.
  • Total assets: $13,412,976 thousand as of September 30, 2026, up from $8,900,392 thousand as of December 31, 2025.
  • Accumulated deficit narrowed: from $(3,562,390) thousand as of December 31, 2025, to $(501,961) thousand as of September 30, 2026.
  • Shares outstanding: 2,306,705,341 Class A, 101,787,133 Class B, and 1,005,000 Class F shares as of October 26, 2026.

Palantir's Q3 2026 Financial Results: Revenue, Earnings, and Balance Sheet

According to the 10-Q filed with the SEC for the period ended September 30, 2026, Palantir Technologies Inc. (NASDAQ:PLTR) reported third-quarter revenue of $2,313,411 thousand, with cost of revenue of $383,286 thousand, resulting in gross profit of $1,930,125 thousand. Total operating expenses for the quarter were $845,280 thousand, comprised of sales and marketing expenses of $396,711 thousand, research and development of $219,720 thousand, and general and administrative costs of $228,849 thousand. Income from operations reached $1,084,845 thousand for the quarter.

The filing reported interest income of $88,936 thousand and other expense, net, of $(25,780) thousand for Q3 2026, bringing income before provision for income taxes to $1,148,001 thousand. After a tax provision of $13,560 thousand, net income was $1,134,441 thousand, of which $1,128,012 thousand was attributable to common stockholders. For the nine months ended September 30, 2026, net income attributable to common stockholders was $3,060,429 thousand, compared with $1,016,357 thousand for the same period in 2025.

On the balance sheet as of September 30, 2026, the company disclosed cash and cash equivalents of $3,619,414 thousand and marketable securities of $6,942,117 thousand. Accounts receivable, net, stood at $1,883,498 thousand. Total liabilities were $2,067,876 thousand, and total Palantir stockholders' equity was $11,227,981 thousand. Stock-based compensation recognized in Q3 2026 was $319,230 thousand, according to the statements of equity.

What Was Disclosed

Palantir Technologies filed a Form 10-Q for the quarter ended September 30, 2026, disclosing third-quarter revenue of $2.313 billion, net income of $1.134 billion, diluted EPS of $0.44, and total assets of $13.413 billion, with the accumulated deficit narrowing substantially from year-end 2025.