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| Date | Value |
|---|---|
| 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 |