Palantir Technologies (PLTR)
Builds data and AI operating platforms for government agencies and enterprises.
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Palantir sells software that turns scattered information into decisions people can act on, then sends engineers to make it work inside each customer's real operation. Government work still supplies the larger half, while business demand is catching up quickly. Its future rests on making the same core software useful in more industries and secure settings without becoming a custom consulting shop.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
8 in detail · 15 more below
Palantir Platforms
The four connected platforms sell through subscriptions, access for a set period and setup help. At June 2026, $4.9B of contracted work remained; watch whether renewals and new orders keep filling the path from promises to sales.
Competes with Data Intelligence Platform (Databricks) · C3 Agentic AI Platform (C3 AI) · AI Data Cloud (Snowflake)
In plain English
Picture one software workshop with four connected stations. Foundry organizes a customer's information, AIP lets AI use it safely, Gotham adapts the tools for defense work, and Apollo keeps everything updated wherever it runs. Engineers help fit the stations to the customer's daily jobs. No single customer supplied one tenth of sales.
Customers pay by subscription or for access over a set period, then also pay for upkeep and setup help. Because the same underlying software is reused, Palantir can keep collecting fees without rebuilding everything from scratch for each buyer.
Artificial Intelligence Platform (AIP)
AIP connects outside AI tools to a customer's own information and permission rules, then lets them take approved actions. It is the main door from short trials to broader use; watch whether those trials become lasting paid work.
Competes with C3 Agentic AI Platform (C3 AI) · Cortex AI (Snowflake)
In plain English
A company may own a powerful AI tool but still be unable to trust it with private records or real decisions. AIP works like a supervised kitchen: the AI can reach approved ingredients, follow house rules and hand important choices back to a person.
Palantir often starts with a short, free or inexpensive session that builds one useful job with the customer. If it works, the customer pays to keep that job running and adds more teams or tasks. AIP is sold together with the wider Palantir system, so it has no sales total of its own.
Palantir Foundry
Foundry joins messy information, applies access rules and turns it into usable views of real things such as orders or machines. Every commercial customer uses it; watch whether better-organized data leads to more paid uses of AIP.
Competes with Data Intelligence Platform (Databricks) · AI Data Cloud (Snowflake)
In plain English
Before a hospital, factory or insurer can use its information, someone has to make records from different systems agree. Foundry is the workroom that cleans those pieces, links them and shows who may see or change each one. Its shared catalog represents real things and the actions people can take around them.
The customer pays for continuing access plus help connecting its systems and building daily tools. Once teams rely on those tools to run work, replacing Foundry means rebuilding many links and habits. Foundry is included within larger Palantir contracts rather than priced as a reported business of its own.
Palantir Gotham
Gotham adapts Palantir's common software for defense and intelligence teams, joining sensor feeds, reports and operating plans. Its sales are buried inside government contracts; watch funding, security approval and whether rival mission systems win installations.
Competes with Lattice (Anduril Industries) · ConductorOS (BigBear.ai) · Thunderforge (Scale AI)
In plain English
In a defense operation, clues arrive as separate reports, sensor readings and messages. Gotham lays those pieces on one controlled worktable so permitted users can spot connections, plan a response and pass the plan to people carrying it out. It adds mission-specific tools to Palantir's shared foundation.
Agencies pay through fixed contracts and funded orders, often using larger purchasing agreements or a main contractor assembling a complete system. Continued money depends on lawmakers providing funds, the software passing security checks and operators choosing to keep it in their daily work.
Maven Smart System
Maven helps U.S. and NATO forces combine battlefield information for awareness and targeting. The U.S. program can reach about $1.28B through May 2029, but only placed orders become sales; watch field use and follow-on funding.
Competes with Thunderforge (Scale AI) · Lattice (Anduril Industries)
In plain English
Maven is a named military program, not a separate piece of boxed software. It pulls observations from many sources into a shared picture and helps forces choose and follow targets. Management described usage repeatedly doubling, while NATO added another buyer beyond the United States.
The customer does not hand Palantir the full maximum contract amount on day one. Military buyers place and fund individual orders as they expand access and missions, and Palantir earns money by providing the software and support. Adoption in real operations matters because the unused portion of the program maximum is not guaranteed.
Palantir Apollo
Apollo installs and updates software across rented computing space, customer-owned machines, locked networks and remote equipment. It earns within broader platform contracts; watch whether its unusual reach becomes a stronger product beyond Palantir's own installations.
Competes with Harness Continuous Delivery (Harness) · OpenShift GitOps (Red Hat)
In plain English
Software normally has an easy trip to an ordinary online server. Apollo handles the harder routes too: a customer's private machines, a locked military network or equipment far from a datacenter. It sends the right version, checks its health and fixes weaknesses without requiring every location to work alike.
Regulated companies and defense operators pay because they cannot simply move everything onto one public service. Apollo supports Palantir's other products and can also manage customer software. More places running Palantir can create more work for Apollo, but the company does not publish its sales separately.
Palantir Warp Speed
Warp Speed packages Palantir's tools for production plans, materials, quality checks and factory-floor work. Named users include Anduril, L3Harris and Lear; watch whether useful pilots spread from one task into whole plants.
Competes with Xcelerator / Opcenter X (Siemens) · 3DEXPERIENCE for Manufacturing / DELMIA (Dassault Systèmes)
In plain English
The factory floor is where a late part, a bad measurement or an outdated plan becomes expensive. Warp Speed brings those moving pieces into one system so planners and workers can adjust production with the same information. One user cut a balancing task from a day to an hour.
Manufacturers pay for the underlying Palantir software and the work needed to connect planning, material and shop-floor systems. Anduril, L3Harris and Lear are named users. The business grows when a quick win in one process leads the customer to add more lines, plants and decisions.
Sovereign AI Operating System Reference Architecture
This package combines Palantir software with NVIDIA computing and AI programs for buyers that must keep systems under their own control. By August 2026, nearly 200 organizations had attended two trial events; that is interest, not sales.
Competes with C3 Agentic AI Platform (C3 AI) · Oracle Sovereign/Isolated Cloud with Anduril Lattice (Oracle and Anduril)
In plain English
Some governments and regulated organizations want useful AI without sending sensitive information outside their own walls. This package is a build plan for keeping the computing, AI tools, permissions and operating software together in a controlled or fully disconnected setting. NVIDIA, a chip and AI software maker, supplies key computing pieces.
Palantir makes money only when interested organizations move from hands-on trial events into paid installations and support. Nearly two hundred organizations attended the first two events, but attendance itself brings no revenue. Security approval, available computing equipment and the buyer's control over its information decide how quickly projects can proceed.
Palantir PlatformsThe four connected platforms sell through subscriptions, access for a set period and setup help. At June 2026, $4.9B of contracted work remained; watch whether renewals and new orders keep filling the path from promises to sales.The four connected platforms sell through subscriptions, access for a set period and setup help. At June 2026, $4.9B of contracted work remained; watch whether renewals and new orders keep filling the path from promises to sales.
In plain English
Picture one software workshop with four connected stations. Foundry organizes a customer's information, AIP lets AI use it safely, Gotham adapts the tools for defense work, and Apollo keeps everything updated wherever it runs. Engineers help fit the stations to the customer's daily jobs. No single customer supplied one tenth of sales.
Customers pay by subscription or for access over a set period, then also pay for upkeep and setup help. Because the same underlying software is reused, Palantir can keep collecting fees without rebuilding everything from scratch for each buyer.
Competes with Data Intelligence Platform (Databricks) · C3 Agentic AI Platform (C3 AI) · AI Data Cloud (Snowflake)
Artificial Intelligence Platform (AIP)AIP connects outside AI tools to a customer's own information and permission rules, then lets them take approved actions. It is the main door from short trials to broader use; watch whether those trials become lasting paid work.AIP connects outside AI tools to a customer's own information and permission rules, then lets them take approved actions. It is the main door from short trials to broader use; watch whether those trials become lasting paid work.
In plain English
A company may own a powerful AI tool but still be unable to trust it with private records or real decisions. AIP works like a supervised kitchen: the AI can reach approved ingredients, follow house rules and hand important choices back to a person.
Palantir often starts with a short, free or inexpensive session that builds one useful job with the customer. If it works, the customer pays to keep that job running and adds more teams or tasks. AIP is sold together with the wider Palantir system, so it has no sales total of its own.
Competes with C3 Agentic AI Platform (C3 AI) · Cortex AI (Snowflake)
Palantir FoundryFoundry joins messy information, applies access rules and turns it into usable views of real things such as orders or machines. Every commercial customer uses it; watch whether better-organized data leads to more paid uses of AIP.Foundry joins messy information, applies access rules and turns it into usable views of real things such as orders or machines. Every commercial customer uses it; watch whether better-organized data leads to more paid uses of AIP.
In plain English
Before a hospital, factory or insurer can use its information, someone has to make records from different systems agree. Foundry is the workroom that cleans those pieces, links them and shows who may see or change each one. Its shared catalog represents real things and the actions people can take around them.
The customer pays for continuing access plus help connecting its systems and building daily tools. Once teams rely on those tools to run work, replacing Foundry means rebuilding many links and habits. Foundry is included within larger Palantir contracts rather than priced as a reported business of its own.
Competes with Data Intelligence Platform (Databricks) · AI Data Cloud (Snowflake)
Palantir GothamGotham adapts Palantir's common software for defense and intelligence teams, joining sensor feeds, reports and operating plans. Its sales are buried inside government contracts; watch funding, security approval and whether rival mission systems win installations.Gotham adapts Palantir's common software for defense and intelligence teams, joining sensor feeds, reports and operating plans. Its sales are buried inside government contracts; watch funding, security approval and whether rival mission systems win installations.
In plain English
In a defense operation, clues arrive as separate reports, sensor readings and messages. Gotham lays those pieces on one controlled worktable so permitted users can spot connections, plan a response and pass the plan to people carrying it out. It adds mission-specific tools to Palantir's shared foundation.
Agencies pay through fixed contracts and funded orders, often using larger purchasing agreements or a main contractor assembling a complete system. Continued money depends on lawmakers providing funds, the software passing security checks and operators choosing to keep it in their daily work.
Competes with Lattice (Anduril Industries) · ConductorOS (BigBear.ai) · Thunderforge (Scale AI)
Maven Smart SystemMaven helps U.S. and NATO forces combine battlefield information for awareness and targeting. The U.S. program can reach about $1.28B through May 2029, but only placed orders become sales; watch field use and follow-on funding.Maven helps U.S. and NATO forces combine battlefield information for awareness and targeting. The U.S. program can reach about $1.28B through May 2029, but only placed orders become sales; watch field use and follow-on funding.
In plain English
Maven is a named military program, not a separate piece of boxed software. It pulls observations from many sources into a shared picture and helps forces choose and follow targets. Management described usage repeatedly doubling, while NATO added another buyer beyond the United States.
The customer does not hand Palantir the full maximum contract amount on day one. Military buyers place and fund individual orders as they expand access and missions, and Palantir earns money by providing the software and support. Adoption in real operations matters because the unused portion of the program maximum is not guaranteed.
Competes with Thunderforge (Scale AI) · Lattice (Anduril Industries)
Palantir ApolloApollo installs and updates software across rented computing space, customer-owned machines, locked networks and remote equipment. It earns within broader platform contracts; watch whether its unusual reach becomes a stronger product beyond Palantir's own installations.Apollo installs and updates software across rented computing space, customer-owned machines, locked networks and remote equipment. It earns within broader platform contracts; watch whether its unusual reach becomes a stronger product beyond Palantir's own installations.
In plain English
Software normally has an easy trip to an ordinary online server. Apollo handles the harder routes too: a customer's private machines, a locked military network or equipment far from a datacenter. It sends the right version, checks its health and fixes weaknesses without requiring every location to work alike.
Regulated companies and defense operators pay because they cannot simply move everything onto one public service. Apollo supports Palantir's other products and can also manage customer software. More places running Palantir can create more work for Apollo, but the company does not publish its sales separately.
Competes with Harness Continuous Delivery (Harness) · OpenShift GitOps (Red Hat)
Palantir Warp SpeedWarp Speed packages Palantir's tools for production plans, materials, quality checks and factory-floor work. Named users include Anduril, L3Harris and Lear; watch whether useful pilots spread from one task into whole plants.Warp Speed packages Palantir's tools for production plans, materials, quality checks and factory-floor work. Named users include Anduril, L3Harris and Lear; watch whether useful pilots spread from one task into whole plants.
In plain English
The factory floor is where a late part, a bad measurement or an outdated plan becomes expensive. Warp Speed brings those moving pieces into one system so planners and workers can adjust production with the same information. One user cut a balancing task from a day to an hour.
Manufacturers pay for the underlying Palantir software and the work needed to connect planning, material and shop-floor systems. Anduril, L3Harris and Lear are named users. The business grows when a quick win in one process leads the customer to add more lines, plants and decisions.
Competes with Xcelerator / Opcenter X (Siemens) · 3DEXPERIENCE for Manufacturing / DELMIA (Dassault Systèmes)
Sovereign AI Operating System Reference ArchitectureThis package combines Palantir software with NVIDIA computing and AI programs for buyers that must keep systems under their own control. By August 2026, nearly 200 organizations had attended two trial events; that is interest, not sales.This package combines Palantir software with NVIDIA computing and AI programs for buyers that must keep systems under their own control. By August 2026, nearly 200 organizations had attended two trial events; that is interest, not sales.
In plain English
Some governments and regulated organizations want useful AI without sending sensitive information outside their own walls. This package is a build plan for keeping the computing, AI tools, permissions and operating software together in a controlled or fully disconnected setting. NVIDIA, a chip and AI software maker, supplies key computing pieces.
Palantir makes money only when interested organizations move from hands-on trial events into paid installations and support. Nearly two hundred organizations attended the first two events, but attendance itself brings no revenue. Security approval, available computing equipment and the buyer's control over its information decide how quickly projects can proceed.
Competes with C3 Agentic AI Platform (C3 AI) · Oracle Sovereign/Isolated Cloud with Anduril Lattice (Oracle and Anduril)
Named in filings, launches and programs
- GovernmentSegmentPublic agencies were the larger FY2025 customer group, led by defense work but also spanning health, space and administration.
- CommercialSegmentCompanies were the smaller FY2025 customer group, but rapid U.S. growth is pulling this side toward half.
- Palantir OntologyEcosystemThe shared catalog that links information to real things, permission rules and allowed actions across Foundry and AIP.
- AIP BootcampsServiceFree or inexpensive hands-on sessions build one useful job quickly, giving Palantir a route from demonstration to paid expansion.
- U.S. Army Enterprise AgreementCustomer programA ten-year purchasing route combines 75 Army contracts under a $10B maximum; only funded orders become sales.
- Tactical Intelligence Targeting Access Node (TITAN)Customer program · RampingArmy ground stations that join battlefield information; eight additional systems were announced in September 2026.
- Space C2 Data PlatformCustomer programA $217.8M Space Force order for a shared information base supporting space command and control.
- NATO Maven Smart System deploymentCustomer program · RampingNATO finalized its Maven purchase in March 2025, extending the military program beyond U.S. forces; price was not disclosed.
- NHS Federated Data PlatformCustomer programA shared data platform for England's health service, worth up to £330M over seven years.
- DHS Enterprise License Agreement BPACustomer program · AnnouncedA five-year U.S. homeland security purchasing route with a $1B maximum; the amount is not guaranteed.
- FedStartServiceHelps U.S. software companies create a government-ready environment and clear required security approvals.
- NGC2 Data LayerCustomer program · RampingA common information foundation for the Army's next command-and-control system.
- Palantir USG, Inc.BrandThe wholly owned U.S. government contractor that leads the TITAN program.
- Palantir Technologies Japan, G.K.BrandA controlled Japanese venture originally formed with insurer SOMPO.
- Palantir Technologies Korea LLCBrandA controlled Korean venture originally formed with HD Hyundai.
GovernmentSegment
Public agencies were the larger FY2025 customer group, led by defense work but also spanning health, space and administration.
CommercialSegment
Companies were the smaller FY2025 customer group, but rapid U.S. growth is pulling this side toward half.
Palantir OntologyEcosystem
The shared catalog that links information to real things, permission rules and allowed actions across Foundry and AIP.
AIP BootcampsService
Free or inexpensive hands-on sessions build one useful job quickly, giving Palantir a route from demonstration to paid expansion.
U.S. Army Enterprise AgreementCustomer program
A ten-year purchasing route combines 75 Army contracts under a $10B maximum; only funded orders become sales.
Tactical Intelligence Targeting Access Node (TITAN)Customer program · Ramping
Army ground stations that join battlefield information; eight additional systems were announced in September 2026.
Space C2 Data PlatformCustomer program
A $217.8M Space Force order for a shared information base supporting space command and control.
NATO Maven Smart System deploymentCustomer program · Ramping
NATO finalized its Maven purchase in March 2025, extending the military program beyond U.S. forces; price was not disclosed.
NHS Federated Data PlatformCustomer program
A shared data platform for England's health service, worth up to £330M over seven years.
DHS Enterprise License Agreement BPACustomer program · Announced
A five-year U.S. homeland security purchasing route with a $1B maximum; the amount is not guaranteed.
FedStartService
Helps U.S. software companies create a government-ready environment and clear required security approvals.
NGC2 Data LayerCustomer program · Ramping
A common information foundation for the Army's next command-and-control system.
Palantir USG, Inc.Brand
The wholly owned U.S. government contractor that leads the TITAN program.
Palantir Technologies Japan, G.K.Brand
A controlled Japanese venture originally formed with insurer SOMPO.
Palantir Technologies Korea LLCBrand
A controlled Korean venture originally formed with HD Hyundai.