Palantir Technologies (PLTR) Research & Development (2019 - 2026)
Palantir Technologies (PLTR) posted quarterly Research & Development of $161.0 million for Q1 2026, up 19.34% year-over-year from $134.9 million in Q1 2025, and down 46.72% quarter-over-quarter from $302.1 million in Q4 2025.
Palantir Technologies (PLTR) Research & Development (2019 - 2026) Analysis & Trends
Palantir Technologies (PLTR) has reported Research & Development for 8 consecutive years, with $161.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 19.34% year-over-year to $161.0 million; the TTM figure through Mar 2026 stood at $872.8 million (up 39.72% YoY), while the FY2025 annual figure was $1.1 billion, up 108.09% from the prior year.
- Research & Development slipped to $161.0 million in Q1 2026 per PLTR's latest filing, from $302.1 million in the prior quarter.
- Across five years, Research & Development topped out at $449.7 million in Q4 2023 and bottomed at $88.2 million in Q2 2022.
- Historically, Research & Development has averaged $203.7 million across 5 years, with a median of $176.4 million in 2023.
- Annual changes were most pronounced in 2023 — Research & Development jumped 108.87% — and 2024, when it plunged 61.86%.
- Palantir Technologies' Research & Development stood at $424.9 million in 2022, then increased by 5.83% to $449.7 million in 2023, then slumped by 61.86% to $171.5 million in 2024, then soared by 76.16% to $302.1 million in 2025, then slumped by 46.72% to $161.0 million in 2026.
- Business Quant data shows PLTR's Research & Development at $161.0 million in Q1 2026, $302.1 million in Q4 2025, and $274.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.01 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 339.50 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 664.96 Mn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 261.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 339.50 Mn |
| Mar 31, 2026 | 160.98 Mn |
| Dec 31, 2025 | 302.13 Mn |
| Sep 30, 2025 | 274.64 Mn |
| Jun 30, 2025 | 135.04 Mn |
| Mar 31, 2025 | 134.89 Mn |
| Dec 31, 2024 | 171.50 Mn |
| Sep 30, 2024 | 209.47 Mn |
| Jun 30, 2024 | 108.78 Mn |
| Mar 31, 2024 | 193.18 Mn |
| Dec 31, 2023 | 449.65 Mn |
| Sep 30, 2023 | 176.37 Mn |
| Jun 30, 2023 | 184.16 Mn |
| Mar 31, 2023 | 187.09 Mn |
| Dec 31, 2022 | 424.88 Mn |
| Sep 30, 2022 | 100.86 Mn |
| Jun 30, 2022 | 88.17 Mn |
| Mar 31, 2022 | 160.49 Mn |
| Dec 31, 2021 | 311.20 Mn |
| Sep 30, 2021 | 153.44 Mn |