Palantir Technologies (PLTR) Operating Expenses (2019 - 2026)

Palantir Technologies (PLTR) reported Operating Expenses of $662.8 million for Q1 2026, up 23.92% year-over-year from $534.8 million in Q1 2025, and up 7.69% quarter-over-quarter from $615.4 million in Q4 2025.

Palantir Technologies (PLTR) Operating Expenses (2019 - 2026) Analysis & Trends

Palantir Technologies (PLTR) has 8 years of Operating Expenses data on file, last reported at $662.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $662.8 million, up 23.92% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.4 billion (up 15.02% YoY), and the FY2025 annual result was $2.3 billion, up 14.23% from the prior year.
  • Operating Expenses improved to $662.8 million in Q1 2026 per PLTR's latest filing, from $615.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $662.8 million in Q1 2026 and troughed at $391.4 million in Q1 2022.
  • A 5-year average of $485.7 million and a median of $437.2 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses slipped 5.13% in 2023, then jumped 47.94% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $422.1 million in 2022, then climbed by 2.79% to $433.9 million in 2023, then soared by 47.94% to $641.9 million in 2024, then slipped by 4.13% to $615.4 million in 2025, then gained by 7.69% to $662.8 million in 2026.
  • Business Quant data shows PLTR's Operating Expenses at $662.8 million in Q1 2026, $615.4 million in Q4 2025, and $580.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn 10.85 Bn
2 Alarum Technologies 1,117.04 Bn 1,102.89 Bn 7.23 Mn 6.42 Mn
3 Oracle 608.54 Bn 569.96 Bn 15.14 Bn 11.73 Bn
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn 662.79 Mn
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn 979.89 Mn
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn 905.10 Mn
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn 1.57 Bn
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn 517.59 Mn
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn 2.22 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 662.79 Mn
Dec 31, 2025 615.44 Mn
Sep 30, 2025 580.53 Mn
Jun 30, 2025 541.45 Mn
Mar 31, 2025 534.84 Mn
Dec 31, 2024 641.94 Mn
Sep 30, 2024 465.74 Mn
Jun 30, 2024 444.23 Mn
Mar 31, 2024 437.20 Mn
Dec 31, 2023 433.92 Mn
Sep 30, 2023 410.25 Mn
Jun 30, 2023 416.34 Mn
Mar 31, 2023 413.43 Mn
Dec 31, 2022 422.14 Mn
Sep 30, 2022 432.46 Mn
Jun 30, 2022 412.53 Mn
Mar 31, 2022 391.39 Mn
Dec 31, 2021 404.25 Mn
Sep 30, 2021 397.28 Mn
Jun 30, 2021 430.86 Mn