Palantir Technologies (PLTR) Cost of Revenue (2019 - 2026)

Palantir Technologies has disclosed Cost of Revenue across 8 years of filings, most recently posting $215.8 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 24.76% year-over-year to $215.8 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 110.81% YoY), while the FY2025 annual figure was $1.1 billion, up 86.73% from the prior year.
• Cost of Revenue declined to $215.8 million in Q1 2026, from $483.6 million in the prior quarter.
• Over the last five years, Cost of Revenue for PLTR reached as high as $483.6 million in Q4 2025 and fell as low as -$116.5 million in Q4 2023.
• The 5-year median for Cost of Revenue is $168.9 million (2022), against an average of $167.9 million.
• Annual changes were most pronounced in 2023 — Cost of Revenue sank 129.26% — and 2025, when it surged 1545.02%.
• A 5-year view of Cost of Revenue shows it stood at $398.3 million in 2022, then slumped by 129.26% to -$116.5 million in 2023, then jumped by 71.28% to -$33.5 million in 2024, then soared by 1545.02% to $483.6 million in 2025, then sank by 55.38% to $215.8 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $215.8 million, $483.6 million, and $207.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.