Technology · PLTR
Palantir (PLTR) gets 41.4% of its revenue from the U.S. government
What Palantir reports in its FY2025 10-K, and what federal contract records show.
Summary
Palantir reported that 41.4% of its FY2025 revenue came from the U.S. government: about $1.85B of $4.48B in total. That ranks 20th of the 30 companies we cover that disclose a share. The share fell 0.5 pts from FY2024.
Federal agencies obligated $1.02B in prime contracts to the 2 recipient records we matched to Palantir in federal fiscal year 2025, 70.2% of it from the Department of Defense. That is 0.55 times the U.S. government revenue the company reports.
Share of revenue over time
Palantir: U.S. government share of revenue, by fiscal year
What Palantir counts as government revenue
- Definition used
- U.S. government revenue (disclosed in dollars)
- Foreign military sales
- Not applicable
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- Same as reported
“Revenue from U.S. government customers was $1.9 billion for the year ended December 31, 2025 compared to $1.2 billion for the same period in 2024.”
Palantir, FY2025 Form 10-K · read the filing
U.S. government revenue grew 55% year over year.
The contract record
Prime contract obligations on USAspending.gov for the 2 recipient records we matched to Palantir (obligations are not revenue).
In FFY2025, 70.2% of these obligations came from the Department of Defense and 29.8% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 8 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of the Army | $488M | 47.8% |
| Department of the Air Force | $205M | 20.1% |
| U.S. Immigration and Customs Enforcement | $81.1M | 7.9% |
| Internal Revenue Service | $71.9M | 7% |
| Department of State | $47.0M | 4.6% |
| Department of Energy | $21.5M | 2.1% |
| Office of the Assistant Secretary for Administration | $20.5M | 2% |
| Federal Aviation Administration | $19.6M | 1.9% |
| Other | $65.2M | 6.4% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $1.98B | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $1.02B | Matched to FY2025 |
| FFY2024 | $541M | |
| FFY2023 | $348M | |
| FFY2022 | $377M | |
| FFY2021 | $229M |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| W911QX24F0053Palantir Usg Inc | Department of the Army | TASK ORDER #1 FOR MAVEN SMART SYSTEM - USER INTERFACE/USER EXPERIENCE (UI/UX) PROTOTYPE | $293M | 2024–2026 |
| 70CTD022FR0000170Palantir Technologies Inc. | U.S. Immigration and Customs Enforcement | INVESTIGATIVE CASE MANAGEMENT (ICM) OPERATIONS AND MAINTENANCE (O&M) SUPPORT SERVICES AND CUSTOM ENHANCEMENTS | $171M | 2022–2027 |
| FA880623C0002Palantir Usg Inc | Department of the Air Force | ESTABLISH BASIC LETTER CONTRACT FOR COMMERCIAL DATA AS A SERVE PLATFORM. | $130M | 2023–2025 |
| FA880625FB009Palantir Usg Inc | Department of the Air Force | DATA PLATFORM | $116M | 2025–2027 |
| W519TC25F0331Palantir Usg Inc | Department of the Army | FORSCOM TASK ORDER 1 | $115M | 2025–2026 |
| W519TC25C0008Palantir Usg Inc | Department of the Army | SOFTWARE AS A SERVICE (SAAS) MODEL OF ARMY VANTAGE ON BEHALF OF PEO EIS, PDM ADP. ARMY VANTAGE IS THE ARMY'S DATA-DRIVEN OPERATIONS AND… | $103M | 2024–2025 |
| 36C10B21F0353Palantir Technologies Inc. | Department of Veterans Affairs | SAAS SOLUTION. | $93.3M | 2021–2025 |
| 89233121FNA400352Palantir Technologies Inc. | Department of Energy | SAFER (SAFETY ANALYTICS, FORECASTING & EVALUATION REPORTING) PROJECT EXECUTION TASK ORDER SUPPORTING NA-50 | $91.0M | 2021–2026 |
| FA880623C0001Palantir Usg Inc | Department of the Air Force | ESTABLISH BASIC LETTER CONTRACT FOR COMMERCIAL DATA AS A SERVE PLATFORM. | $85.2M | 2023–2025 |
| FA880625FB011Palantir Usg Inc | Department of the Air Force | DATA SOFTWARE SERVICES (DSS) MULTIPLE AWARD IDIQ CONTRACT DELIVERY ORDER FOR HAF DATA PLATFORM REQUIREMENTS. | $76.1M | 2025–2027 |
Recipients we matched to Palantir
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| PALANTIR USG INC | HNN4F9JZWDY8 | USAspending parentPALANTIR TECHNOLOGIES INC. | $745M |
| PALANTIR TECHNOLOGIES INC. | FSY4LVSBGWB7 | USAspending parentPALANTIR TECHNOLOGIES INC. | $276M |
Peers
| Company | Sector | U.S. gov share | Total revenue |
|---|---|---|---|
| PLTRPalantir | Technology | 41.4% | $4.48B |
| ORCLOracle | Technology | not disclosed | $67.4B |
| ACNAccenture | Technology | 8% | $69.7B |
| DELLDell Technologies | Technology | not disclosed | $113.5B |
| MSFTMicrosoft | Technology | not disclosed | $331.8B |
| GOOGLAlphabet | Technology | not disclosed | $402.8B |
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Sources
- Palantir, FY2025 annual report (U.S. government share) (accessed October 15, 2026)
- Palantir, FY2024 annual report (U.S. government share) (accessed October 16, 2026)
- Palantir, FY2023 annual report (U.S. government share) (accessed October 16, 2026)
- Palantir, FY2022 annual report (U.S. government share) (accessed October 16, 2026)
- Palantir, FY2021 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for Palantir (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Palantir Usg Inc (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology