Palantir Technologies (PLTR) Research & Development (2019 - 2026)

Palantir Technologies (PLTR) reported Research & Development of $161.0 million for Q1 2026, up 19.34% year-over-year from $134.9 million in Q1 2025, and up 12.14% quarter-over-quarter from $143.6 million in Q4 2025.

Palantir Technologies (PLTR) Research & Development (2019 - 2026) Analysis & Trends

Palantir Technologies (PLTR) has 8 years of Research & Development data on file, last reported at $161.0 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $161.0 million, up 19.34% year-over-year; the trailing twelve-month figure through Mar 2026 was $583.8 million (up 9.58% YoY), and the FY2025 annual result was $557.7 million, up 9.81% from the prior year.
  • Research & Development advanced to $161.0 million in Q1 2026 per PLTR's latest filing, from $143.6 million in the prior quarter.
  • Over five years, Research & Development peaked at $171.5 million in Q4 2024 and troughed at $82.0 million in Q4 2022.
  • A 5-year average of $117.1 million and a median of $109.3 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2024: Research & Development dropped 20.22% in 2022, then surged 56.93% in 2024.
  • A 5-year view of Research & Development shows it stood at $82.0 million in 2022, then surged by 33.2% to $109.3 million in 2023, then surged by 56.93% to $171.5 million in 2024, then slipped by 16.3% to $143.6 million in 2025, then increased by 12.14% to $161.0 million in 2026.
  • Business Quant data shows PLTR's Research & Development at $161.0 million in Q1 2026, $143.6 million in Q4 2025, and $144.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn 8.92 Bn
2 Alarum Technologies 1,117.04 Bn 1,102.89 Bn 7.23 Mn 2.30 Mn
3 Oracle 608.54 Bn 569.96 Bn 15.14 Bn 2.61 Bn
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn 160.98 Mn
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn 511.00 Mn
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn 356.41 Mn
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn 214.00 Mn
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn 714.99 Mn
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn 150.97 Mn
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 160.98 Mn
Dec 31, 2025 143.55 Mn
Sep 30, 2025 144.19 Mn
Jun 30, 2025 135.04 Mn
Mar 31, 2025 134.89 Mn
Dec 31, 2024 171.50 Mn
Sep 30, 2024 117.56 Mn
Jun 30, 2024 108.78 Mn
Mar 31, 2024 110.04 Mn
Dec 31, 2023 109.28 Mn
Sep 30, 2023 105.71 Mn
Jun 30, 2023 99.53 Mn
Mar 31, 2023 90.10 Mn
Dec 31, 2022 82.04 Mn
Sep 30, 2022 100.86 Mn
Jun 30, 2022 88.17 Mn
Mar 31, 2022 88.60 Mn
Dec 31, 2021 84.18 Mn
Sep 30, 2021 94.32 Mn
Jun 30, 2021 110.52 Mn