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Palantir Technologies Inc · NASDAQ NMS - GLOBAL MARKET · Technology

Palantir (PLTR) builds mission-critical software for the US government, defense agencies, and Fortune 500 enterprises — with a growing AI Platform (AIP) that's reshaping how enterprises deploy generative AI. Live NASDAQ price and every AIP customer win.

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About Palantir Technologies Inc (PLTR)

Palantir Technologies Inc. builds enterprise software platforms that integrate, secure, and analyze massive datasets for defense, intelligence, healthcare, financial services, and industrial customers. Founded in 2003 by Peter Thiel, Alex Karp (still CEO), Joe Lonsdale, Stephen Cohen, and Nathan Gettings — with early backing from the CIA's venture arm In-Q-Tel — Palantir is listed on the NASDAQ under PLTR and headquartered in Denver, Colorado. The stock joined the S&P 500 in September 2024.

Palantir has three flagship products. **Gotham** is the original mission-focused platform used by US intelligence, defense, and law enforcement agencies (NSA, CIA, FBI, DoD, US Army, US Air Force, ICE, and NATO allies). **Foundry** brings the same integration and analytics capabilities to commercial enterprise customers (Airbus, Merck, BP, JPMorgan, HSBC, Ferrari). **AIP (Artificial Intelligence Platform)** — launched in 2023 — is the growth engine, enabling enterprises to deploy LLMs against their own private data with the governance and security controls that public LLMs can't provide. AIP has become one of the fastest-growing enterprise software products in the AI wave.

The government business is highly durable — massive multi-year contracts with the US Army, Air Force, Space Force, and allied militaries — but the commercial business is where the growth acceleration has come from. Palantir's US commercial revenue grew 50%+ YoY in 2024, driven by AIP boot-camps that convert 30-day pilots into 7-figure annual contracts at unusually high win-rates. Free cash flow is now consistently positive and expanding. Debates: valuation (~130× forward EPS) is priced for continued execution, and government-contract concentration remains meaningful.

What Palantir Technologies Inc Actually Does

  • Gotham — mission-critical software for defense + intelligence
  • Foundry — commercial data integration + analytics platform
  • AIP — Artificial Intelligence Platform (enterprise LLM deployment)
  • Apollo — deployment + operations layer for all Palantir products
  • US government contracts (DoD, Army, Air Force, Space Force, intel agencies)
  • NATO ally + friendly-government defense contracts

Investment Thesis

▲ Bull Case

AIP is the leading enterprise-AI deployment platform — winning $1M+ ARR contracts with weeks-long sales cycles. US commercial revenue growth accelerated to 50%+ YoY. Massive multi-year US government contracts (Army TITAN, Space Force) provide floor. $5B+ net cash balance sheet + growing free cash flow.

▼ Bear Case

Valuation is extreme — ~130× forward EPS and ~40× forward revenue. Historical growth rates rely on AIP maintaining torrid growth. Government-contract renewal cycles are lumpy. Stock is heavily-held by retail investors and prone to sharp drawdowns.

HeadquartersDenver, Colorado
FoundedMay 6, 2003
CEOAlex Karp
Employees~4,000
Annual Revenue~$2.9 billion
ExchangeNASDAQ NMS - GLOBAL MARKET
IndustryTechnology
Market Cap$294.68B
IPO Date2020-09-30
CountryUS

Company profile data sourced from Finnhub. TickerNews is a news aggregator and does not provide investment advice — see our Disclaimer.

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