Palantir Technologies PLTR
NASDAQ PLTR
$192.82 +1.03 (+0.53%)
As of: Sep 24, 2026 · 3:59 PM EDT

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

Palantir Technologies' (PLTR) quarterly Cost of Revenue came in at $296.9 million in Q2 2026, up 53.87% year-over-year from $192.9 million in Q2 2025, and up 37.57% quarter-over-quarter from $215.8 million in Q1 2026.

Analysis

Palantir Technologies (PLTR) Cost of Revenue (2019 - 2026) Analysis & Trends

Palantir Technologies (PLTR) has reported Cost of Revenue for 8 consecutive years, with $296.9 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Cost of Revenue rose 53.87% year-over-year to $296.9 million in Q2 2026; TTM through Jun 2026 was $935.9 million, a 36.22% increase from a year earlier, with the FY2025 full-year figure at $789.2 million, up 39.43% from the prior year.
  • Cost of Revenue was $296.9 million for Q2 2026 at Palantir Technologies, up from $215.8 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $296.9 million in Q2 2026 and troughed at $94.4 million in Q1 2022.
  • A 5-year average of $150.4 million and a median of $122.4 million in 2024 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue advanced 0.29% in 2023 and surged 60.65% in 2024, its largest moves.
  • Over 5 years, Cost of Revenue stood at $104.3 million in 2022, then climbed by 4.15% to $108.6 million in 2023, then jumped by 60.65% to $174.5 million in 2024, then climbed by 23.74% to $216.0 million in 2025, then surged by 37.46% to $296.9 million in 2026.
  • The last three Cost of Revenue figures came in at $296.9 million (Q2 2026), $215.8 million (Q1 2026), and $216.0 million (Q4 2025), per Business Quant data.
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