Palantir Technologies (PLTR) Operating Expenses (2019 - 2026)
Palantir Technologies (PLTR) posted quarterly 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 reported Operating Expenses for 8 consecutive years, with $662.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 23.92% year-over-year to $662.8 million; the TTM figure through Mar 2026 stood at $2.4 billion (up 15.02% YoY), while the FY2025 annual figure was $2.3 billion, up 14.23% from the prior year.
- Operating Expenses advanced to $662.8 million in Q1 2026 per PLTR's latest filing, from $615.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $662.8 million in Q1 2026 and bottomed at $391.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $485.7 million across 5 years, with a median of $437.2 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 5.13% — and 2024, when it jumped 47.94%.
- Palantir Technologies' Operating Expenses stood at $422.1 million in 2022, then grew by 2.79% to $433.9 million in 2023, then jumped by 47.94% to $641.9 million in 2024, then dropped by 4.13% to $615.4 million in 2025, then advanced 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 833.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 726.59 Mn |
| 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 |