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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.94B | $1.63B | $1.41B | $1.18B | $1.00B | $883.86M | $827.52M | $725.52M |
| Cost of revenue | $296.87M | $215.80M | $215.97M | $207.31M | $192.93M | $172.97M | $174.53M | $146.64M |
| Gross profit | $1.64B | $1.42B | $1.19B | $973.79M | $810.76M | $710.89M | $652.99M | $578.88M |
| Gross margin | 84.7% | 86.8% | 84.6% | 82.4% | 80.8% | 80.4% | 78.9% | 79.8% |
| Research and development | $192.51M | $160.98M | $143.55M | $144.19M | $135.04M | $134.89M | $171.50M | $117.56M |
| Selling, general and administrative | $534.08M | $501.81M | $471.89M | $436.34M | $406.40M | $399.95M | $470.44M | $348.18M |
| Operating expenses | $726.59M | $662.79M | $615.44M | $580.53M | $541.45M | $534.84M | $641.94M | $465.74M |
| Operating income | $912.00M | $754.00M | $575.39M | $393.26M | $269.32M | $176.05M | $11.04M | $113.14M |
| Operating margin | 47.1% | 46.2% | 40.9% | 33.3% | 26.8% | 19.9% | 1.3% | 15.6% |
| EBITDA | $920.22M | $760.76M | $582.41M | $399.23M | $275.85M | $182.67M | $18.05M | $121.23M |
| Interest income | $77.51M | $66.39M | $62.72M | $59.76M | $56.26M | $50.44M | $54.73M | $52.12M |
| Income before taxes | $1.08B | $888.60M | $621.38M | $480.50M | $332.17M | $223.32M | $80.54M | $157.15M |
| Income taxes | $15.38M | $12.20M | $9.78M | $3.75M | $3.60M | $5.60M | $3.60M | $7.81M |
| Net income | $1.07B | $876.40M | $611.61M | $476.75M | $328.57M | $217.72M | $76.94M | $149.34M |
| Net margin | 55.1% | 53.7% | 43.5% | 40.4% | 32.7% | 24.6% | 9.3% | 20.6% |
| EPS, basic | $0.44 | $0.36 | $0.25 | $0.20 | $0.14 | $0.09 | $0.03 | $0.06 |
| EPS, diluted | $0.41 | $0.34 | $0.24 | $0.18 | $0.13 | $0.08 | $0.03 | $0.06 |
| Diluted shares | 2.57B | 2.57B | 2.57B | 2.57B | 2.56B | 2.55B | 2.53B | 2.46B |
Figures describe Palantir shares, not any token. As of Aug 4, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.