Palantir Technologies
PLTRQ4 2025(PLTR Q3 FY2025)Derived65% AI
AI Revenue %
65%
AI Fair Value
$196.4B
AI Revenue (Q)
$1.3B
Total Revenue (Q)
$2.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AIP as the defining product. Revenue was $1,181.1M, up 63% YoY from $725.5M — extraordinary acceleration. Operating income was $393.3M, up from $113.1M YoY (248% increase). Nine months ended September 30, 2025 revenue = $3,068.6M vs $2,038.0M (51% growth). This growth rate is far beyond anything Palantir achieved in its pre-AI era and is directly correlated with AIP demand. Customer deposits reached $368.2M. No AI-specific revenue breakout, but the magnitude of growth acceleration post-AIP strongly indicates AI is now the majority of the value proposition. Estimating 65% — AIP and AI-enhanced features are the dominant driver of new sales, expansions, and the accelerating growth trajectory. $767.7M AI / $1,181.1M total = 65.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $1,181,092 (three months ended September 30, 2025)
10-Q for period ending 2025-09-30, Condensed Consolidated Statements of Operations
Income from operations $393,256 (three months ended September 30, 2025) vs $113,140 (three months ended September 30, 2024)
10-Q for period ending 2025-09-30, Condensed Consolidated Statements of Operations
Customer deposits $368,170 as of September 30, 2025
10-Q for period ending 2025-09-30, Balance Sheet
Note 12. Segment and Geographic Information for disaggregated revenue by customer segment and geographic region
10-Q Segment Note — no AI-specific segment disclosed
AI Products Identified (Ring 1)
AIP (Artificial Intelligence Platform)Gotham ML/AI featuresFoundry ML/AI capabilities
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Foundry data integrationGotham intelligence analyticsApollo operations
Confidence Tier
DerivedCalculated from reported segments primarily serving AI