Palantir Technologies Inc. (NASDAQ: PLTR)

Palantir Technologies Inc. builds software that enables organizations to integrate data, decisions, and operations at scale. The company provides data integration and analytics platforms that support both government and commercial customers in solving complex operational challenges. Its platforms facilitate real time connectivity between data, analytics, and operational teams, allowing users to derive actionable insights across diverse environments.

Palantir generates revenue primarily through the sale of its software platforms and related services, including Gotham, Foundry, Apollo, and its Artificial Intelligence Platform (AIP). Revenue is derived from long term contracts with government and commercial customers, with 54% of 2025 revenue coming from government clients and 46% from commercial clients. In 2025 the company reported total revenue of $4.5 billion and served 954 customers worldwide.

The company operates through the following segments:

• Gotham integrates with other platforms and broader defense offerings to enable users to see, understand, and act in the modern battlespace by integrating data from across domains and sensors in near real time, improving situational awareness and accelerating operational decision making, while facilitating the hand off between analysts and operational users to help operators plan and execute real world mission plans.

• Foundry transforms the ways organizations operate by creating a central operating system for interconnected data, logic, and action, allowing users to integrate and analyze needed data in one place, connect models across workflows, teams, and organization units, and build data pipelines, perform high scale analytics, and develop rich operational applications through intuitive graphical interfaces, APIs, and SDKs.

• Apollo provides a continuous delivery platform that orchestrates upgrades of services and assets daily to manage the underlying infrastructure hosting Palantir’s other platforms, acting as a cloud agnostic single control layer for ongoing delivery of new features, security updates, and platform configurations to help ensure continuous operation of critical systems and to let customers run software in virtually any environment.

• AIP delivers a generative artificial intelligence platform that offers secure connectivity to third party large language models, a development toolchain for building AI powered agents and automations, an array of AI enabled end user applications, and an evaluations framework for governing AI workflows in production, enabling organizations to power operational use of AI and LLMs with decision making interfaces, feedback mechanisms, and secure hand off controls between AI agents and human operators.

Palantir competes against internal IT projects, large enterprise software vendors, government contractors, and system integrators in the data integration and analytics market. Its competitive advantages stem from the Palantir Ontology, which unifies data, logic, and actions into a decision centric architecture, and from the rapid deployment capability of its platforms, allowing customers to derive value in days rather than months or years. The company also differentiates itself through a strong emphasis on privacy, security, and AI governance, as well as through its cloud agnostic Apollo delivery layer that enables operation in any environment.

The company serves a diverse customer base that includes U. S. federal defense and intelligence agencies, UK public health administrators, South Korean supply chain managers, as well as commercial enterprises in sectors such as utilities, automotive, oil and gas, pharmaceuticals, telecommunications, and healthcare, reflecting its broad appeal across government and commercial institutions worldwide.