Palantir Technologies Inc.

PLTR · Nasdaq · Technology · Software Infrastructure

下次财报：2026年11月2日

US$187.50-1.1%9月28日收盘

1M: +0.6%
6M: +36.3%
1Y: +2.8%
5Y: +639.9%

Palantir sells software that helps government agencies and businesses combine their data, analyze it, and use it to run operations and make decisions.

基于 Palantir Technologies Inc. 自己向 SEC 提交的申报文件。数字如实呈报，每股历史已重述到今天的股数口径。这是对一门生意的描述——不是投资建议，也不是买卖任何证券的推荐。

完整财务报表 →

关于Palantir Technologies Inc.

Palantir makes four main software products: Gotham for defense and intelligence work, Foundry for organizing data and building workflows, Apollo for delivering software updates across different computing environments, and the Artificial Intelligence Platform (AIP) for using artificial intelligence with an organization’s data and processes. Customers can combine these products, which are designed to work with data the customer already has access to. Contracts can include software access, continuing support and maintenance, and services such as configuration, training, and data modeling.

总部: Denver, Colorado, United States
成立于: 2003
员工人数: 4,429 (December 31, 2025, high)
上市于: Nasdaq
财年结束: December 31

怎么赚钱

Government customer contracts52%
Commercial customer contracts48%

各项收入占比是对six months ended June 30, 2026的估算，并非来自已提交报告的数字。

竞争对手

卖什么4

Gotham
Software that brings together information from different sources, including sensors, to help defense and intelligence users understand events, plan missions, and coordinate operations.
Foundry
Software that helps organizations bring their data together, analyze it, and build applications and workflows for everyday operations.
Apollo
Software for delivering software updates, security changes, and configuration updates across cloud services, customers’ own computers, and other environments.
Artificial Intelligence Platform (AIP)
Software that connects artificial intelligence models to an organization’s data and work processes, with tools for building automated tasks and controlling how the models are used.

谁在买4

U.S. and other government agencies that buy software for defense, intelligence, and other government work, often through separately contracted departments or agencies.
Commercial businesses that buy software to organize data and support work across their operations; the company reports customers in many industries.
Defense personnel, intelligence analysts, and military organizations using software for situational awareness and mission planning.
Workers and analysts in industries such as utilities, automotive manufacturing, oil and gas, and pharmaceuticals, who use the software for operational tasks.

靠什么支撑，什么会击垮它

业务依赖什么

1Palantir relies on computing services from third parties, including Amazon Web Services and Microsoft, for some customer systems and software operations.
2AIP connects to large language models provided by other companies or hosted by customers, so access to and compatibility with those models matters.
3A meaningful portion of revenue comes from government customers, whose purchasing can depend on budgets, contract awards, procurement rules, and required security clearances.

与同行业相比处在什么位置

三项评分，每一项都是相对我们在Software Infrastructure覆盖的 171 家公司的百分位。刻意分开而不揉成一个总分：便宜、上涨和经营得好是三件不同的事，一个数字会把它们是哪一件藏起来。

动量

73在同行业中满分 100

高于行业内多数公司

截至一个月前的 12 个月17.8%

截至一个月前的 6 个月35.8%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

22在同行业中满分 100

低于行业内多数公司

每单位价格对应的利润0.63%

每单位价格对应的现金0.70%

每单位价格对应的营收1.28%

每单位价格对应的资产1.53%

整个企业对应的经营利润0.30%

这些是收益率，所以数值越高越便宜——亏损的公司会排在最后，而不是被剔除。便宜不等于好：高收益率往往意味着股价是有原因才跌下来的。五项指标齐全。

资本配置

3/5参差

1 项检验未披露

资本回报率18.4%

股东回报率0.02%

股本数量，3 年24.5%

净债务 / EBITDA-4.82x

内部人，12 个月-US$615M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报投入资本回报 18.4%
债务与盈利之比现金多于债务
回馈给股东的现金几乎全部留存
三年间的股本数量三年间股本数量增加 24.5%
现金流对派付的覆盖自由现金流覆盖了派付的部分
内部人在公开市场的买入净卖出 US$615M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月29日。

4The company’s contracts often involve customer-specific setup and support, and some customers can terminate contracts for convenience.

可能出什么问题

1A relatively small number of customers account for a substantial portion of revenue; if major customers do not renew, expand, or continue their contracts, revenue could fall.
2Government sales can be affected by budget changes, delays in contract awards, shifts in spending priorities, procurement rules, and requirements for employee and facility security clearances.
3Palantir’s software can be complex to implement, and failures in its software, security, privacy controls, or artificial intelligence features could disrupt customer operations, harm its reputation, or lead to lost business or legal claims.