Trailing revenue is up 78.9% and earnings 295.2%, with a 54.5% free-cash-flow margin. At $208.67 the stock is 2% below its 52-week high, trades at 180x earnings, and sits above the $198.24 average target of 23 analysts. Coverage: 61% Buy, 27% Hold, 13% Sell.
Changes over time: 1 dropped (Skywise aviation partnership with Airbus), 2 sustained, 3 evolved, 2 launched (AIP and the Palantir Ontology), across the 2022 to 2026 filings.
Palantir's platforms address a problem that grows with AI adoption: large organizations hold data scattered across systems and struggle to act on it in real time. Government agencies provide long-term contracts, while AIP, its generative AI platform, carries the push into commercial enterprises. The 10-K points to the Palantir Ontology, which links data, analytics and operations, as the layer that is hard for competitors to replicate.
Palantir converts deep, multi-year deployments into cash. Over the trailing twelve months it earned a 49.0% net margin and a 54.5% FCF margin (free cash flow margin, the share of revenue left as usable cash). ROA (return on assets, profit earned per dollar the company owns) is 25.8%, used here in place of ROIC. The open item is debt safety: debt is near zero, but interest expense is not reported clearly enough to measure coverage.
Y = price target. X = days remaining on call (negative = past expected hit window). Bubble size = Anachart Performance Score. Dashed vertical = the expected-hit boundary.
Chart shows 10 of 23 covering analysts. See all on Anachart →
Palantir's fundamentals sit near the top of restnvest's range. Over the trailing twelve months through Q2 FY2026, revenue grew 78.9% and earnings 295.2%, with a 49.0% net margin, a 54.5% free-cash-flow margin and a 25.8% return on assets. Debt safety is mixed only because interest expense is not reported clearly enough to measure coverage; debt-to-equity is 0.00x. The tension is valuation: the stock is 2% below its 52-week high and above its 200-day trend, which restnvest labels a Euphoric Entry, at a P/E of 180.2x, and timing reads Overheating with an RSI of 76. Analysts have moved toward the bulls since April: 60.58% Buy, 26.92% Hold and 12.5% Sell across 23 firms. Gil Luria of D.A. Davidson, the top visible performance score at 9.43, rates it Buy at $250, as does Karl Keirstead of UBS. Gabriela Borges of Goldman Sachs raised her Hold target to $230 from $188 on Oct 8. Thomas Blakey of Cantor Fitzgerald holds at $156 with 8 of 8 past targets met, and Brent Thill of Jefferies rates it Sell at $80. Seven of the ten visible targets sit above the current price, but the low end pulls the $198.24 average about 5% below it. Data notes: metrics are restnvest's trailing figures, ROA stands in for ROIC, performance scores are Anachart's own, and Q3 results due Nov 2 will update these numbers.
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