Palantir Technologies — Company Profile

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Palantir Technologies

Defense Software/AICombat-fieldedUSPublic

Palantir supplies data-integration and AI software to military and industrial customers, according to the U.S. Army and Palantir's HD Hyundai announcement.

Founded

2003

HQ

Aventura, FloridaSEC

Headcount

4,42931 Dec 2025; SEC

Total raised

Not established

Valuation

~$442.43B market cap30 Oct 2026; Public reported

Stage

PublicNasdaq: PLTR; SEC

Background

Palantir was founded in 2003 by Peter Thiel, Stephen Cohen, Joe Lonsdale, Alex Karp, and Nathan Gettings, originally to apply data-fusion techniques from counterterrorism finance to military intelligence analysis.

The CIA's In-Q-Tel was an early backer. Alex Karp has served as CEO since inception.

Palantir's 2025 SEC annual report identifies Gotham, Foundry, Apollo and AIP as its four principal software platforms. Palantir announced on 12 February 2026 that DISA had extended the Palantir Federal Cloud Service's Impact Level 5 and 6 provisional authorizations to PFCS Forward for on-premises and edge deployments.

The company said the authorization package covered its four platforms and supporting infrastructure on customer-selected hardware, including tactical-edge configurations, and supported FedStart and Mission Manager deployments, in the PFCS Forward announcement.

Palantir and NVIDIA announced on 29 June 2026 an engine for training and deploying NVIDIA Nemotron open models using AIP, Ontology, Foundry and Apollo, including in classified and air-gapped environments.

The companies subsequently announced deployment of a related stack within NVIDIA's supply chain, combining customized models, operational data and supply-chain decision support, in Palantir's 10 September announcement.

Method Security and Palantir announced the Cardinal Program on 10 September 2026, offering selected municipalities, utilities and critical-infrastructure operators opt-in autonomous security assessments at no cost.

The companies said Method would provide cyber systems and operators while Palantir supplied Foundry, AIP and the Ontology for Cybersecurity, with participant-defined scope and human oversight, in the Cardinal announcement.

Knox Systems and Palantir announced a partnership on 19 October 2026 for customers operating in FedRAMP and IL5 environments, combining Palantir's accredited deployment infrastructure with Knox's managed-cloud and authorization services to deliver commercial software to federal customers.

Palantir's 2025 SEC annual report lists Aventura, Florida, as its headquarters and Nasdaq: PLTR as its listing, and records 4,429 full-time employees on 31 December 2025, including 28% outside the United States. Its 2026 SEC proxy identifies Alex Karp as CEO, Stephen Cohen as president and secretary, and Peter Thiel as chairman, with founder voting arrangements providing the three collectively 49.999999% of voting power as of 6 April 2026.

Palantir announced on 2 September 2026 that Peter Zaffino would become Global Head of Financial Services effective 15 January 2027, covering insurance, banking, asset management, private equity and related institutions.

Latest developments

2026-06-11: More than 100 companies are training AI on Ukraine's combat data, Defense Ministry says

Linked records

Wired to the rest of BattlePolicy — the systems it builds in the Lexicon and the contracts it wins in the Procurement Tracker. Every link below is a record in our own datasets.

⌖ Lexicon — systems

none linked yet

⌖ Procurement — contracts

none linked yet

⌖ Analysis — coverage

Financial footing

The U.S. Army established a $10 billion enterprise-agreement ceiling on 31 July 2025 for purchases over up to ten years, with no commitment to spend the maximum
A 9 March 2026 directive ordered Maven Smart System's transition to a program of record by the end of fiscal 2026, DefenseScoop reported
The U.S. Army announced on 1 September 2026 that TITAN production orders dated 31 August totaled $192 million, comprising $127 million to overall production lead Palantir and a separate $65 million hardware and shelter-integration order to Anduril, covering eight systems, four Advanced and four Basic, for delivery over 18 months alongside nine prototypes retained for operational use
Backers: Public shareholders (Nasdaq: PLTR; SEC annual report), Alex Karp/Stephen Cohen/Peter Thiel founder voting control (~50% combined as of 6 Apr 2026; SEC proxy)

Q2 2026 revenue of $1.935 billion, up 93% year over year, net income attributable to common stockholders of $1.062 billion, and diluted EPS of $0.41 on both GAAP and adjusted bases.

In the same release, Palantir recorded U.S. government revenue of $809 million, up 90%, and U.S. commercial revenue of $764 million, up 149%.

Palantir management raised its full-year 2026 revenue forecast from $7.650–7.662 billion in its May results to $8.150–8.158 billion in its August results.

Palantir's Q2 release records $9.2 billion in cash, cash equivalents and short-term U.S. Treasury securities, and $3.373 billion in total contract value closed during the quarter.

Palantir's definition of total contract value assumes customers exercise their options and do not terminate agreements; it is separate from recognized revenue and capital raised.

Palantir announced that it would release Q3 results on 2 November 2026.

Major customers & contracts

The U.S. Army's enterprise-agreement announcement records a 31 July 2025 agreement consolidating 75 contracts, comprising 15 prime contracts and 60 related contracts.

The Army announcement establishes a $10 billion ceiling for purchases by the Army and other Defense Department agencies over up to ten years, with no commitment to spend the maximum.

The Pentagon's contract notice records a $795 million Maven Smart System modification awarded on 20 May 2025, with estimated completion on 28 May 2029. The modification raised the previous $480 million ceiling to approximately $1.275 billion, with future orders determining purchases, DefenseScoop reported.

A 9 March 2026 memorandum directed Maven's transition to a program of record by the end of fiscal 2026, with administration and oversight moving toward the CDAO MSS Program Office and contracts transitioning to the Army enterprise-agreement vehicle, DefenseScoop reported.

The Pentagon's FY2027 budget justification proposes a $1.589 billion increase to expand Maven access under the Joint Force AI-Enabled Headquarters initiative.

The budget justification requests $2.030963 billion for the broader Mission Command Applications project and separately identifies $60 million for the Virtual Joint Operations Center initiative; these are budget requests, rather than awarded Palantir orders.

The Pentagon launched Agent Network on 25 June 2026 as a CDAO-led battle-management and targeting initiative with Pacific, Southern and European commands, identifying Palantir's Maven-related command-and-control work and Lumbra's AI orchestration as foundations.

The Pentagon announcement describes AI agents presenting options to commanders while retaining human decisions and requiring testing, operational evaluation and oversight, without disclosing a Palantir-specific contract value. The Marine Corps' MARADMIN 505/26 establishes unlimited Maven access across applicable networks for authorized personnel in covered commands and organizations effective 1 October 2026, adding Marine Forces Reserve Command to previously covered units.

The U.S. Army announced on 1 September 2026 that TITAN production orders dated 31 August totaled $192 million: $127 million to Palantir and $65 million to Anduril for eight systems, four Advanced and four Basic, scheduled for delivery over 18 months.

The Army's announcement names Palantir as overall production lead with L3Harris, Sierra Nevada Corporation, Strategic Technology Consulting and World Wide Technology, and assigns Anduril critical hardware and shelter integration under its separate order. The Army retains nine prototypes for operational use and anticipates another production order in FY2027.

The U.S. Army's 22 June 2026 NGC2 announcement establishes an Anduril-led common data-layer baseline combining Lattice and Palantir Foundry for an edge-to-cloud data mesh, with Raft providing data services. The Army announced on 7 October that I Corps would be the next formation to receive NGC2 software, following division-scale application use during July's Project Convergence Capstone 6.

Its October announcement assigns approximately $93.6 million in collective one-year awards to nine application vendors, adding to data-layer and core-AI capabilities supplied by Anduril, Palantir, Raft and Striveworks, rather than identifying that amount as a Palantir award.

The U.S. Army announced a $48,094,071 firm-fixed-price delivery order to Palantir USG on 17 September 2026 to replace nine legacy ammunition-management platforms, with a 12-month base period and up to five optional years.

The Army describes the system as providing visibility across munitions production, storage, distribution and expenditure after a competitive three-phase selection completed in six weeks.

The U.S. Navy announced a $448 million Ship OS program investment on 9 December 2025, using Palantir software under NAVSEA and Maritime Industrial Base Program management, initially focused on submarine shipbuilders, shipyards and suppliers. The Navy reported pilot reductions in Electric Boat schedule-planning work from 160 manual hours to under ten minutes and Portsmouth Naval Shipyard material reviews from weeks to under one hour.

Separately, Federal News Network reported that a 4 August 2026 draft Pentagon memo directed planned spending of up to $244 million on Palantir services through March 2027, with a Pentagon official describing it as a planning directive, without an identified executed contract or Ship OS allocation.

NCIA's acquisition announcement records the acquisition of Maven Smart System NATO for Allied Command Operations on 25 March 2025, covering intelligence fusion, targeting, battlespace awareness, planning and decision support, without disclosing a contract value.

NCIA announced on 7 July 2026 that Palantir, Anduril and Athea SAS had received contracts for the first implementation phase of Enhanced Air Command and Control, with each deploying a solution in NATO environments for evaluation. The NCIA announcement provides for final offers and selection of one long-term solution after evaluation, without disclosing award values.

The UK procurement notice records a £240.6 million Ministry of Defence direct award signed on 30 December 2025, covering analytics licensing and support from 1 April 2026 through 31 March 2029.

The UK government's September 2025 partnership announcement sets out plans for up to £1.5 billion in Palantir investment, London as its European defense business base, up to 200 Palantir hires and up to 150 jobs in the wider defense-tech sector, alongside potential UK defense opportunities worth up to £750 million over five years. El País reported in October 2026 that the UK government intended to seek domestic alternatives for the NHS and Ministry of Defence.

France plans to replace Palantir's DGSI tools with ChapsVision, The Guardian and Politico reported in June 2026. Politico reported that the December 2025 renewal ran to 2028 and that Palantir said the contract remained fully in force during the transition.

Spain plans not to renew its military-intelligence contract, El País and Infodefensa reported in October. Infodefensa identifies the system as SIFAS, linked to CIFAS, and dates contract expiry to November 2026.

Business Insider and WIRED reported an approximately $30 million modification to an existing ICE contract in April 2025 for ImmigrationOS, with planned functions covering enforcement prioritization, tracking self-departures and immigration-case workflows. The prototype deadline was 25 September 2025, WIRED reported.

Palantir's April 2026 USDA announcement describes a $300 million blanket purchase agreement supporting the National Farm Security Action Plan, One Farmer, One File and modernization of farmer-facing services, building on the Palantir-powered Landmark platform.

HD Hyundai and Palantir announced an expanded Foundry and AIP partnership in January 2026, extending existing refinery, shipbuilding and construction-equipment work into electric systems, robotics and marine aftermarket services, with plans for a center of excellence.

In its October customer update, Palantir said L3Harris had unified more than 30 ERP systems, developed hundreds of Ontology-connected applications and was testing customer-controlled models. Ondas said Warp Speed supported Ondas Sentinel's manufacturing and supply-chain operations alongside SkyWeaver mission-autonomy work, in Palantir's customer update.

Regna AI on 12 October 2026 as a standalone private company initially wholly owned and bootstrapped by Ondas, with Palantir providing model-training infrastructure, delivery support and forward-deployed engineering.

The Ondas announcement identifies Ondas as the first customer and describes planned mission-specialized models for drones, balloons, ground vehicles, surface vessels and command nodes, building on the SkyWeaver C4I collaboration.

Leadership & contact surface

Leadership: Alex Karp
Official site: https://www.palantir.com

Contact policy. BattlePolicy maps roles and official, published channels only — who owns a decision and the front door — never individuals’ personal phone numbers, private emails or home details. This keeps the file GDPR-clean and welcome to the companies we profile.

Competitive position

France plans to replace Palantir's DGSI tools with ChapsVision, The Guardian and Politico reported in June 2026. Politico reported that the renewed contract ran to 2028 and that Palantir said it remained fully in force during the transition. Spain plans not to renew its military-intelligence contract, El País and Infodefensa reported in October, with Infodefensa identifying a November 2026 expiry for the SIFAS system linked to CIFAS.

El País reported that the UK government intended to seek domestic alternatives for the NHS and Ministry of Defence in early October, while the UK procurement notice records an executed £240.6 million MoD agreement covering April 2026 through March 2029.

The East Midlands Special Operations Unit decided against a new Foundry contract after a two-year pilot that began in October 2024, the BBC reported on 12 October 2026.

The unit cited its assessment and future funding position after Home Office funding ended and required Palantir to demonstrate disconnection and data deletion, according to the BBC.

NCIA's July 2026 eAirC2 announcement places Palantir alongside Anduril and Athea SAS as contracted evaluation suppliers, with selection of a single long-term solution following assessment and final offers.

Palantir executive Louis Mosley said neither Palantir nor the U.S. government could remotely switch off NATO's Maven system and that customers could operate it independently, The Next Web reported on 22 October 2026 in its account of a Reuters interview.

Palantir named Nebius its preferred sovereign AI infrastructure partner for commercial customers in September 2026, announcing plans to integrate Nebius compute and inference within the Palantir enterprise perimeter and add capacity through future deployments.

Palantir and Armada announced on 1 October that Armada would become Palantir's inaugural certified modular-data-center partner, combining Palantir's Sovereign AI Operating System with Armada Galleon modular data centers, the Armada Platform and Sovereign AI Grid. The companies described customer-controlled and potentially fully air-gapped deployments, with hardware manufactured in the United States and allied countries, in the Armada partnership announcement.

Battlefield relevance

DefenseScoop and the BBC reported Maven Smart System's use in U.S. operations against Iran during Operation Epic Fury in 2026. The BBC described Maven organizing intelligence, satellite imagery and drone footage, with language models assisting analysis and potential-target identification.

Deputy undersecretary James Mazol said Maven usage had risen from approximately 50,000 personnel in January to more than 100,000 following Epic Fury, DefenseScoop reported.

The BBC reported on 5 October 2026 that the Pentagon said it had ceased using Anthropic products, although the broadcaster's sources said Claude, which had been deeply integrated into Maven, remained in use as recently as the preceding week.

Palantir CTO Shyam Sankar told CBS on 11 October that Anthropic's models had been replaced and claimed no operational impact, describing access to multiple model providers.

The U.S. Army selected its Anduril-led NGC2 common data-layer baseline combining Lattice and Palantir Foundry after validation in the 4th Infantry Division's Ivy Sting/Ivy Mass series and the 25th Infantry Division's Lightning Surge events.

The Army described Ivy Mass testing NGC2 under cyber and electromagnetic attack in May 2026, while Lightning Surge 3 during Balikatan linked activity across Hawaii, the continental United States and the Philippines. In October, the Army reported division-scale application use during July's Project Convergence Capstone 6 and identified I Corps as the next formation to receive NGC2 software.

Ukraine's Ministry of Defence said on 11 June 2026 that more than 100 Ukrainian companies had access to Brave1 Dataroom and were training military AI using real-world visual and thermal datasets.

The ministry identified Palantir among the organizations that created the environment and named automatic detection and interception of enemy drones, including Shahed-type threats, as a principal focus.

Ukraine's Ministry of Defence said Mykhailo Fedorov and Alex Karp discussed AI, data analysis and technology expansion in May 2026, when Ukraine demonstrated its own systems for combat analytics, target detection and mission planning.

Sources & verification

Analyst verdict Pro

⌖ Analyst note · BattlePolicy assessment — judgment, not reporting

Palantir's valuation comparison pairs the approximately $442.43 billion market capitalization Public reported for 30 October 2026 with the 93% revenue growth and $1.062 billion in net income attributable to common stockholders recorded in Palantir's Q2 release.

Management's $8.150–8.158 billion full-year revenue forecast in Palantir's August release sets the next test of whether that operating growth can continue.

The enterprise-agreement thesis still depends on converting procurement access into purchases: the U.S. Army consolidated 75 contracts under a $10 billion ceiling over up to ten years but committed no spending against the maximum. Broader adoption strengthens the demand case without settling the revenue question: the Marine Corps expanded Maven enterprise access effective 1 October, while the Pentagon's FY2027 budget proposes a $1.589 billion increase for Maven access rather than awarding a new Palantir order.

Industrial roles also define the revenue opportunity: the Army's NGC2 baseline places Foundry within an Anduril-led common data layer, and the Army's TITAN orders allocate $127 million to overall production lead Palantir and a separate $65 million to Anduril for hardware and shelter integration.

European replacement plans make retention a separate test of expansion: The Guardian and Politico reported France's planned DGSI migration to ChapsVision, El País and Infodefensa reported Spain's planned non-renewal, and El País reported the UK's search for domestic alternatives.

Watch whether those plans become completed migrations, whether the additional TITAN production order anticipated by the U.S. Army for FY2027 materializes, and whether Palantir sustains the 149% U.S. commercial growth disclosed in its Q2 release.