Palantir Technologies (PLTR) Cost of Revenue (2019 - 2026)
Palantir Technologies (PLTR) posted quarterly Cost of Revenue of $215.8 million for Q1 2026, up 24.76% year-over-year from $173.0 million in Q1 2025, and little changed quarter-over-quarter from $216.0 million in Q4 2025.
Palantir Technologies (PLTR) Cost of Revenue (2019 - 2026) Analysis & Trends
Palantir Technologies (PLTR) has reported Cost of Revenue for 8 consecutive years, with $215.8 million the latest figure, recorded in 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 $832.0 million (up 33.61% YoY), while the FY2025 annual figure was $789.2 million, up 39.43% from the prior year.
- Cost of Revenue was little changed at $215.8 million in Q1 2026 per PLTR's latest filing, from $216.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $216.0 million in Q4 2025 and bottomed at $94.4 million in Q1 2022.
- Historically, Cost of Revenue has averaged $141.8 million across 5 years, with a median of $116.3 million in 2024.
- Annual changes were most pronounced in 2023 — Cost of Revenue climbed 0.29% — and 2024, when it soared 60.65%.
- Palantir Technologies' Cost of Revenue stood at $104.3 million in 2022, then increased by 4.15% to $108.6 million in 2023, then soared by 60.65% to $174.5 million in 2024, then increased by 23.74% to $216.0 million in 2025, then dropped by 0.08% to $215.8 million in 2026.
- Business Quant data shows PLTR's Cost of Revenue at $215.8 million in Q1 2026, $216.0 million in Q4 2025, and $207.3 million in Q3 2025.
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