Palantir Technologies Inc. PLTR

Revenue Intelligence Report • 24 quarters of SEC filing data • Updated 2026-03-06

Palantir Technologies Inc. demonstrates a robust revenue model, with the latest quarterly revenue reaching $1.407 billion, driven primarily by its investments in research and development (R&D) and selling, general, and administrative expenses (SG&A). However, the elasticity analysis reveals a negative impact on revenue from increases in both R&D and SG&A, indicating a need for careful management of these expenditures to optimize returns. With a strong FY forecast of $9 billion in revenue, reflecting a 98.2% year-over-year growth, the company is well-positioned for continued expansion, despite recent performance slightly missing predictions. Overall, Palantir's strategic spending and growth trajectory present an appealing opportunity for financial investors.

Next FY Revenue

$8.87B

+98.2% YoY

R&D Elasticity

-0.39x

SG&A Elasticity

-3.09x

Model Accuracy

0.8% MAPE

Holdout validation: The model predicted $1B vs the actual $1B — an error of 2.3%.

⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q4 2025	$1B	$1B	$1B – $1B	+66.2%	✗ Outside range
Q2 2026	$2B		$2B – $2B	+82.5%
Q3 2026	$2B		$2B – $2B	+92.8%
Q4 2026	$2B		$2B – $2B	+100.5%
Q1 2027	$3B		$3B – $3B	+110.0%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

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