Palantir Technologies' Cost of Revenue rose 31.11% to $274.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $1.0 billion, marking a year-over-year increase of 30.90%. This contributed to the annual value of $887.8 million for FY2024, which is 19.16% up from last year.
Per Palantir Technologies' latest filing, its Cost of Revenue stood at $274.6 million for Q3 2025, which was up 12.65% from $243.8 million recorded in Q2 2025.
Palantir Technologies' 5-year Cost of Revenue high stood at $288.3 million for Q4 2024, and its period low was $136.1 million during Q1 2021.
Its 3-year average for Cost of Revenue is $217.0 million, with a median of $197.4 million in 2023.
The largest annual percentage gain for Palantir Technologies' Cost of Revenue in the last 5 years was 58.39% (2021), contrasted with its biggest fall of 54.18% (2021).
Over the past 5 years, Palantir Technologies' Cost of Revenue (Quarterly) stood at $162.6 million in 2021, then grew by 17.00% to $190.2 million in 2022, then climbed by 3.75% to $197.4 million in 2023, then surged by 46.07% to $288.3 million in 2024, then spiked by 31.11% to $274.6 million in 2025.
Its Cost of Revenue was $274.6 million in Q3 2025, compared to $243.8 million in Q2 2025 and $236.3 million in Q1 2025.

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