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