# Palantir Technologies financial and market performance

> Live situation record from CLSTR: https://clstr.news/situations/palantir-technologies-financial-and-market-performance
> Updated: 2026-10-13T17:36:50.000Z. Sources: 3. Developments: 2.

Palantir Technologies has demonstrated significant growth driven by its Artificial Intelligence Platform (AIP), which has expanded its U.S. commercial customer base to over 650. For fiscal year 2025, the company reported revenue of approximately $4.5 billion, a 56.2% year-over-year increase, with a net income of nearly $1.6 billion.

Subsequent reports indicate continued momentum in the enterprise software sector through AI integration. Institutional interest in Palantir has remained active, with various entities such as N10 Assets LLC, First Citizens Bank & Trust Co., and Succession Financial Inc. increasing their holdings. Institutional investors currently own 45.65% of Palantir stock.

## Timeline

### 2026-10-13: Applied Digital reports revenue surge in fiscal Q1 2027

Applied Digital's fiscal Q1 2027 revenue rose to $341.9 million, driven largely by tenant fit-out services rather than recurring lease income.

3 sources. https://clstr.news/cluster/palantir-and-salesforce-lead-enterprise-software-growth

### 2026-09-26: Palantir and Figma show divergent financial paths amid AI growth

Palantir Technologies and Figma are both utilizing AI for growth, but Palantir shows strong profitability with $1.6 billion in net income, while Figma reported a $1.3 billion net loss for FY 2025.

2 sources. https://clstr.news/cluster/palantir-and-figma-show-divergent-financial-paths-amid-ai-growth

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Cite as: Palantir Technologies financial and market performance. CLSTR, https://clstr.news/situations/palantir-technologies-financial-and-market-performance