Palantir Technologies Inc. balance sheet PLTR

Annual Quarterly

As of Sep 30, 2026, Palantir Technologies Inc. had total assets of $13.4 billion and total liabilities of $2.1 billion. Total assets were up 65.3% from a year earlier. Stockholders' equity was $11.2 billion. It held $10.6 billion in cash and investments against $225.3 million of total debt, net cash of $10.3 billion. The current ratio, current assets divided by current liabilities, was 7.10.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Assets
Cash	3,619 +124.0%	1,424 -32.2%	2,099 +152.5%	831 -68.0%	2,599 +13.4%	2,291 +13.9%	2,011
Short-term investments	6,942 +44.0%	5,753 +83.7%	3,131 +10.1%	2,843 +7992.0%	35 -85.0%	234	—
Cash and investments	10,562 +64.1%	7,177 +37.2%	5,230 +42.3%	3,674 +39.5%	2,634 +4.3%	2,525 +25.5%	2,011
Receivables	1,883 +87.2%	1,042 +81.2%	575 +57.6%	365 +41.2%	258 +35.3%	191 +21.7%	157
Total current assets	12,768 +68.3%	8,358 +40.8%	5,934 +43.4%	4,139 +36.1%	3,042 +6.2%	2,863 +26.8%	2,257
Property and equipment, net	65 +42.2%	52 +31.1%	40 -17.0%	48 -31.0%	69 +121.0%	31 +6.0%	30
Goodwill	—	—	—	—	38	—	—
Total assets	13,413 +65.3%	8,900 +40.4%	6,341 +40.2%	4,522 +30.7%	3,461 +6.6%	3,247 +20.7%	2,691
Liabilities and equity
Accounts payable	90 +33.0%	8 +7729.1%	0 -99.2%	12 -72.9%	45 -40.2%	75 +357.9%	16
Total current liabilities	1,798 +52.3%	1,176 +18.0%	996 +33.5%	746 +26.9%	588 -10.9%	660 +9.3%	604
Total liabilities	2,068 +45.0%	1,412 +13.3%	1,246 +29.6%	961 +17.4%	819 -14.4%	956 -18.1%	1,168
Stockholders' equity	11,228 +70.4%	7,387 +47.6%	5,003 +44.0%	3,476 +35.5%	2,565 +12.0%	2,291 +50.5%	1,523
Debt
Long-term debt	—	—	—	—	—	0 -100.0%	198
Lease liabilities	225 -4.3%	229 -4.1%	239 +4.3%	229 -8.0%	249 -4.1%	260 +0.5%	259
Total debt	225 -4.3%	229 -4.1%	239 +4.3%	229 -8.0%	249 -4.1%	260 -43.1%	457
Net cash	10,336 +66.6%	6,948 +39.2%	4,991 +44.9%	3,445 +44.5%	2,384 +5.3%	2,265 +45.7%	1,554
Ratios
Current ratio	7.10x	7.11x	5.96x	5.55x	5.17x	4.34x	3.74x
Debt to equity	0.02x	0.03x	0.05x	0.07x	0.10x	0.11x	0.30x
Debt to EBITDA	0.07x	0.16x	0.70x	1.50x	—	—	—
Return on equity	32.68%	22.00%	9.24%	6.04%	-14.57%	-22.71%	-76.61%
Return on assets	27.35%	18.26%	7.29%	4.64%	-10.80%	-16.02%	-43.35%
Book value per share	4.66	3.09	2.14	1.58	1.22	1.13	0.85

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: PLTR (Nasdaq)
Fiscal year ends: December 31
Headquarters: Aventura, FL
SEC filer status: Large accelerated filer
SEC CIK: 1321655
Former names: Palantir Technologies Inc (until Sep 7, 2011)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.