Palantir at a glance
As of- [1] Market cap: companiesmarketcap.com, September 5, 2026
- [2] Founded: Wikipedia (retrieved September 5, 2026)
- [3] Headquarters: Wikipedia (retrieved September 5, 2026)
What Palantir does
Palantir was founded in 2003 and began by building software for the U.S. intelligence community to help with counterterrorism investigations.[1] Palantir also holds stakes in private companies: privately-held equity securities on its balance sheet totaled $167 million at June 30, 2026.[2] It has also taken stakes in younger public companies; by October 2024 it owned nearly 9% of EV maker Faraday Future.[3]
Business model and customers
Second-quarter 2026 revenue grew 93% from a year earlier to $1.935 billion.[4],[5] U.S. commercial revenue rose 149% to $764 million.[4] U.S. government revenue, its original business, grew 90% to $809 million.[4]
Leadership
- Co-founder Peter Thiel has chaired its board since 2003 and has been a partner at venture firm Founders Fund since 2005.[1]
Palantir profile
written 2026-10-24Palantir is a Nasdaq-listed data software company that reported $1.935 billion of Q2 2026 revenue after a 2020 listing with no underwritten IPO.
What Palantir does
Palantir builds software platforms that governments and companies use to work with their data. Its quarterly filing for the period ended June 30, 2026 says the company has built four principal software platforms: Gotham, Foundry, Apollo and its Artificial Intelligence Platform, called AIP. The 2020 prospectus describes Gotham as the first platform, constructed for analysts at defense and intelligence agencies.[1],[2]
History
Palantir says in its 2020 prospectus that it was founded in 2003 and started by building software for the U.S. intelligence community to assist in counterterrorism investigations and operations. Its June 2026 quarterly filing says the company was incorporated in Delaware on May 6, 2003.[2],[1]
Palantir's prospectus calls Alexander Karp, Stephen Cohen and Peter Thiel its founders, and lists Karp as chief executive and Cohen as president and secretary. Thiel is described as a co-founder who has been chairman of the board since 2003.[2]
Palantir's 2020 prospectus lists its principal executive offices at 1555 Blake Street, Denver, Colorado. Its June 2026 quarterly filing lists 19505 Biscayne Blvd., Aventura, Florida, and the second-quarter release is datelined Miami. The filings opened do not say when the company moved.[2],[1],[3]
Palantir had 2,391 full-time employees at December 31, 2019, according to the prospectus. The sources opened do not give a current headcount.[2]
IPO and ownership
Palantir did not run a conventional IPO. Its September 2020 prospectus says "This is not an underwritten initial public offering of our Class A common stock" and registers the resale of up to 257,135,415 Class A shares by existing holders. It expected the shares to begin trading on the NYSE on or about September 30, 2020.[2]
Palantir's stock is now registered on The Nasdaq Stock Market LLC under the symbol PLTR, according to its June 2026 quarterly filing, and its second-quarter release carries the tag NASDAQ:PLTR. The filings opened do not give the date it moved from the NYSE.[1],[3]
Palantir reported 2,300,713,329 Class A shares, 101,340,151 Class B shares and 1,005,000 Class F shares outstanding as of July 27, 2026.[1]
People
Palantir's second-quarter 2026 release identifies Alex Karp as co-founder and chief executive officer. The 2020 prospectus adds that Karp has been a director since 2003 and that Stephen Cohen, listed there as president and secretary, has been a director since 2005.[3],[2]
Palantir's prospectus says Peter Thiel has been a partner at Founders Fund, a venture capital firm, since 2005 and president of Thiel Capital since 2011. Those roles are as of the 2020 filing and the sources opened do not confirm them for 2026.[2]
Investments
Palantir put $25 million into the PIPE portion of Faraday Future's SPAC merger, TechCrunch reported in October 2024. In exchange, Faraday Future signed a commercial contract to use Palantir's services, and TechCrunch says Palantir ultimately sold those shares.[4]
References
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Company Snapshot
Palantir is an enterprise SaaS company, based in Miami, Florida, USA, founded 2003 by Peter Thiel, Stephen Cohen, Alex Karp, Joe Lonsdale, Nathan Gettings.
Recent changes
- Nov 2, 2026Nov 2, 2026Palantir Posts $2.3B Q3 Revenue | Stock Drops Despite 96% Growth Pulse story
- Oct 15, 2026Oct 15, 2026Aldaron Closes $885M Debut Fund From Palantir, Carlyle Vets Pulse story
- Sep 24, 2026Sep 24, 2026Anthropic Seeks Palantir-Style Voting Control Pre-IPO Pulse story
- Sep 2, 2026Sep 2, 2026Palantir's Karp Backs Fedorov's New Defense Startup Pulse story
- Sep 2026Sep 2026First reported market cap: ~$432B (Sept 2026)Estimated Value Add Pulse enrichment
Earlier changes (5)
- Aug 7, 2026Aug 7, 2026Palantir Jumps 10% as BofA Turns Bullish Pulse story
- Aug 4, 2026Aug 4, 2026Palantir Revenue Jumps 93%, Stock Surges 29% Pulse story
- Aug 4, 2026Aug 4, 2026Palantir Revenue Nearly Doubles, Erases Short Bets Pulse story
- Aug 3, 2026Aug 3, 2026Palantir Posts Blowout Quarter, Revenue Up 93% Pulse story
- Aug 3, 2026Aug 3, 2026Palantir's Commercial Business Just Tripled Its Bet Pulse story
How Palantir has been funded
Founders Fund-affiliated entities held 12.7% of Palantir's Class B shares when it went public.[1] Rather than a traditional IPO, Palantir went public in 2020 through a direct listing, with its shares sold on the New York Stock Exchange.[1] On October 22, 2026, Nasdaq data put its market value at $471.25 billion.[5] The company raised its full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion.[4],[5]
Investors
Latest Pulse
- Nov 2, 2026Palantir Posts $2.3B Q3 Revenue | Stock Drops Despite 96% GrowthPalantir's third-quarter revenue reached $2.3 billion, up 96% year-over-year and the fastest sequential growth in company history, even as the stock fell in after-hours trading on broader AI-trade worries.→
- Nov 2, 2026Trajectory Raises $45M Series A, Hits $300M ValuationTrajectory, a one-year-old AI startup that automates continual model retraining, has raised a $45 million Series A led by Sequoia Capital at a $300 million valuation.→
- Oct 29, 2026Dream Raises $17M To Replace AutoCAD With AIDream, a startup founded by two former Palantir executives, raised $17 million in seed funding led by Andreessen Horowitz to build AI world models that automate building design, aiming to replace AutoCAD and Revit.→
- Oct 27, 2026Disruptive Closes $10B Fund | Largest Ever Raised In TexasDallas-based Disruptive closed a $10 billion blind-pool fund on Oct. 27, 2026, its first after 14 years of deal-by-deal SPVs, to write checks up to $1 billion into at least 10 late-stage AI and defense companies.→
- Oct 21, 2026Tether Leads $15M Round For Mural's AI-Agent PaymentsMural, a New York fintech founded by former Palantir engineers, raised a $15 million Series A led by stablecoin issuer Tether to build payment infrastructure for AI agents, bringing its total funding to $28 million.→
- Oct 21, 2026ASI Raises $325M Series C At $3 Billion ValuationASI, the AI startup that models physical systems like air traffic and energy grids, raised a $325 million Series C at a $3 billion valuation led by Spark Capital, SiliconANGLE reported Oct. 20.→
- Oct 20, 2026Watchtower Labs Emerges With $35M To Build Military AIWatchtower Labs emerged from stealth with $35 million in seed financing led by Shield Capital and Conviction to build AI decision software for military logistics and operational planning.→
- Oct 20, 2026Arda's $1.5B Launch Already Powers Anduril's Factory LinesArda Industries, the manufacturing-AI startup founded by ex-OpenAI research chief Bob McGrew, emerged from stealth with $232M in total funding, including a $160M Series A at a $1.5B valuation co-led by Altimeter, Accel and Khosla Ventures.→
- Oct 19, 2026Accenture, Google Launch Gemini Agent Hubs For Federal AgenciesAccenture Federal Services and Google Public Sector launched Gemini Launchpads, a centralized hub of Forward Deployed Engineers meant to move federal agencies from piloting AI agents to running them in production at scale.→
- Oct 16, 2026Value Add Pulse Tracker Tops $196B As Mega-Rounds Pile UpValue Add Pulse's funding tracker has logged $196.2 billion across 521 deals, separate from $44 billion in VC fund closes -- and this week alone added Ramp's $60B valuation and OrbiMed's $3B in new funds.→
Coverage Timeline
newest first- Nov 2, 2026AIPalantir Posts $2.3B Q3 Revenue | Stock Drops Despite 96% Growth$2.3B Revenue, +96% YoY→
- Sep 14, 2026AIAnthropic Data Fears Push Nvidia, Palantir To Restrict Models→
- Sep 2, 2026FUNDINGPalantir's Karp Backs Fedorov's New Defense Startup→
- Aug 11, 2026REGULATIONPalantir Could Land $244M Pentagon Contract Without Bidding→
- Aug 7, 2026AIPalantir Jumps 10% as BofA Turns Bullish+10.3% stock move→
- Aug 5, 2026BIG TECHDow Hits a Record as AI Capex Jitters Hit Nasdaq→
- Aug 4, 2026IPOPalantir Revenue Jumps 93%, Stock Surges 29%$1.94B Q2 revenue→
- Aug 4, 2026BIG TECHPalantir Revenue Nearly Doubles, Erases Short Bets$1.94B Q2 revenue→
- Aug 4, 2026BIG TECHThe AI Trade Is Splitting Into Two Economies→
- Aug 3, 2026BIG TECHPalantir Posts Blowout Quarter, Revenue Up 93%$1.94B Q2 revenue→
- Aug 3, 2026BIG TECHPalantir's Commercial Business Just Tripled Its Bet$1.94B Q2 revenue→
- Jul 17, 2026FUNDINGNuclear Startup Valar Atomics Talks $6B Valuation~$1B at $6B→
All Coverage
AI$2.3B Revenue, +96% YoY
Palantir Posts $2.3B Q3 Revenue | Stock Drops Despite 96% Growth
Palantir's third-quarter revenue reached $2.3 billion, up 96% year-over-year and the fastest sequential growth in company history, even as the stock fell in after-hours trading on broader AI-trade worries.
BY THE NUMBERS
Anthropic Data Fears Push Nvidia, Palantir To Restrict Models
AI
Anthropic Data Fears Push Nvidia, Palantir To Restrict Models
Data-handling concerns about Anthropic's model training and retention practices have led Nvidia, Palantir and Booz Allen Hamilton to restrict how their employees use Claude internally, underscoring how enterprise trust has become a competitive variable among the AI labs selling to security-conscious buyers.
DEEP DIVE
Palantir's Karp Backs Fedorov's New Defense Startup
FUNDING
Palantir's Karp Backs Fedorov's New Defense Startup
Palantir CEO Alex Karp is becoming the first lead investor in a new, still-unnamed defense tech company from Mykhailo Fedorov, Ukraine's former digital and defense minister.
DEEP DIVE
Palantir Could Land $244M Pentagon Contract Without Bidding
REGULATION
Palantir Could Land $244M Pentagon Contract Without Bidding
A Pentagon memo drafted by Deputy Secretary of Defense Stephen Feinberg would direct up to $243.9 million in consulting work to Palantir without competitive bidding through March 2027.
DEEP DIVE
Palantir Jumps 10% as BofA Turns Bullish
AI+10.3% stock move
Palantir Jumps 10% as BofA Turns Bullish
Palantir shares rose 10.3% after Bank of America issued a bullish note following the company's blowout Q2 earnings -- even as BofA's own market-wide sentiment gauge flashes a rare sell signal.
FOLLOW-UP
Dow Hits a Record as AI Capex Jitters Hit Nasdaq
BIG TECH
Dow Hits a Record as AI Capex Jitters Hit Nasdaq
The Dow closed at a record for a fifth straight session while the Nasdaq fell on AI-capex jitters, and Palantir's still-standing 29% earnings pop shows investors separating AI infrastructure spending from AI software margins.
Palantir Revenue Jumps 93%, Stock Surges 29%
IPO$1.94B Q2 revenue
Palantir Revenue Jumps 93%, Stock Surges 29%
Palantir posted $1.94B in Q2 revenue, raised full-year guidance to roughly $8.15B, and watched its stock climb 29% in a single session as US commercial revenue grew 149% year over year.
Palantir Revenue Nearly Doubles, Erases Short Bets
BIG TECH$1.94B Q2 revenue
Palantir Revenue Nearly Doubles, Erases Short Bets
Palantir's Q2 revenue rose 93% to $1.94B and full-year guidance climbed to at least $8.15B, sending shares up 29% in a single session and wiping out roughly $3B in short-sellers' gains.
The AI Trade Is Splitting Into Two Economies
BIG TECH
The AI Trade Is Splitting Into Two Economies
Amazon just crossed $3 trillion and Palantir posted its best quarter ever on real enterprise deployment, while SpaceX's stock and AI pricing power keep getting cheaper -- the money is bifurcating into what's shipped and what's still promised.
Palantir Posts Blowout Quarter, Revenue Up 93%
BIG TECH$1.94B Q2 revenue
Palantir Posts Blowout Quarter, Revenue Up 93%
Palantir's Q2 revenue jumped 93% to $1.94B, with U.S. commercial revenue up 149%, and the company raised full-year guidance well above what Wall Street expected.
Palantir's Commercial Business Just Tripled Its Bet
BIG TECH$1.94B Q2 revenue
Palantir's Commercial Business Just Tripled Its Bet
Palantir posted 93% revenue growth and raised its full-year commercial guidance after U.S. commercial revenue surged 149% -- the clearest evidence yet that enterprise AI deployment, not just government contracts, can carry a real growth story.
Nuclear Startup Valar Atomics Talks $6B Valuation
FUNDING~$1B at $6B
Nuclear Startup Valar Atomics Talks $6B Valuation
Valar Atomics, a three-year-old maker of small modular nuclear reactors backed by Palmer Luckey and Palantir's Shyam Sankar, is in talks to raise roughly $1 billion at a $6 billion valuation, three times its mark from just four months ago.
Value Add Research
- AI & Technology · Oct 16, 2026Anduril Valuation 2026: $90B Tender, Reported $100B Talks
- Fundraising · Oct 13, 2026Peregrine Technologies: $6.8B Valuation, $470M Raised
- Market & Trends · Sep 5, 2026Valar Atomics Valuation: $6B After Sequoia's $1B Series B
- VC & Investing · Aug 31, 2026Happenstance AI Review: How I Use It to Find Warm Intros
- Market & Trends · Aug 27, 2026Anduril Industries: The $61B Defense Startup's Business Model
- VC & Investing · Aug 21, 2026Family Office AI Investing 2026: Billions Into AI
- Market & Trends · Aug 21, 2026Wall Street South 2026: Every Firm That Moved
- VC & Investing · Aug 13, 2026Ryan Beiermeister — Founders Fund Ex-OpenAI
Related Companies
Shared investors
Palantir FAQ
What is Palantir's market cap?
On October 22, 2026, Nasdaq data put its market value at $471.25 billion.[5]
How much revenue does Palantir make?
Second-quarter 2026 revenue grew 93% from a year earlier to $1.935 billion.[4],[5]
Who founded Palantir?
Co-founder Peter Thiel has chaired its board since 2003 and has been a partner at venture firm Founders Fund since 2005.[1]
Is Palantir publicly traded?
Yes. Palantir trades under the ticker PLTR, with a market cap of $418.92B (September 5, 2026, companiesmarketcap.com).
When was Palantir founded and where is it based?
Palantir was founded in 2003 and is headquartered in Miami, Florida, USA, according to Wikipedia.
References
researched 2026-10-24Sources & methodologyshow
Where these figures come from
- companiesmarketcap.comresearch database1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.