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Palantir Technologies (PLTR) crossed a historic milestone in the second quarter of 2025, reporting its first-ever billion-dollar quarter. Revenue surged nearly 48% year-over-year to approximately $1.004 billion, easily beating Wall Street’s expectations of roughly $937–940 million. Adjusted earnings per share came in at $0.16, topping consensus forecasts of $0.14, while adjusted operating margins climbed to an impressive 46%.
Free cash flow soared to $569 million, representing a margin of 57%, and the company posted GAAP net income of about $327 million, or a 33% net margin. Palantir’s Rule of 40 score — a key measure of growth and profitability — hit a remarkable 94%, underlining its rare balance of aggressive expansion and strong operational efficiency. The company’s balance sheet remains robust, with a cash and short-term investment reserve of approximately $6 billion.
