Palantir Technologies Inc.

PLTRNASDAQTechnology● Active

$136.12

+$0.59(+0.44%)

Market Cap$312.5B

P/E Ratio—

52W High$207.52

52W Low$118.93

Avg Volume45.9M

Open$135.65

Beta1.51

Free Cash Flow Financials Revenue

Palantir Technologies Inc. (PLTR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PLTR · free cash flow · updated Jun 8, 2026

Core FCF metrics

PLTR · FCF · TTM · margin & CAGR

Free cash flow was $2.10B for FY2025 (fiscal year ending 2025-12-31), up 84.1% year-over-year The FCF margin was 46.9%.

FY2025 Free Cash Flow$2.10B▲ +84.1% YoY

Trailing 12M (TTM)$2.69Btrailing 4 quarters sum

FCF Margin46.9%$2.10B ÷ revenue

3-Year CAGR+125.3%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PLTR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.13B(34M)$2.10B▲ +84.1%46.9%

FY2024$1.15B(13M)$1.14B▲ +63.7%39.8%

FY2023$712.2M(15M)$697.1M▲ +279.4%31.3%

FY2022$223.7M(40M)$183.7M▼ 42.8%9.6%

FY2021$333.9M(13M)$321.2M▲ +204.0%20.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PLTR · P/FCF · FCF yield · FCF per share

Palantir Technologies Inc. (PLTR) trades at a FCF yield of 0.86% and a price-to-free-cash-flow ratio of 120.5x. FCF per share stands at $1.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.86%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x120.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x114.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PLTR · cash flow statement · operating / investing / financing

For FY2025, Palantir Technologies Inc. generated $2.13B in operating cash flow and spent 34M in capital expenditures, yielding $2.10B in free cash flow.

Operating Activities

+$2.13B

Cash from core business operations

2025-12-31

Investing Activities

−$2.78B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$26.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.13B) − |CapEx| (34M) = FCF ($2.10B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

PLTR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Palantir Technologies Inc.YOU

PLTR

$2.10B+84.1%46.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Palantir Technologies Inc. (PLTR) reported free cash flow of $2.10B for FY2025 (fiscal year ending 2025-12-31), up 84.1% year-over-year. The FCF margin was 46.9%.

Based on available data, Palantir Technologies Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $2.10B in FY2025.

Palantir Technologies Inc.'s FCF yield is 0.86% and price-to-FCF ratio is 120.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PLTR free cash flow · 8 questions

Palantir Technologies Inc. free cash flow was $2.10B for FY2025, up 84.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.69B.

PLTR free cash flowPLTR FCFPLTR FCF 2025PLTR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Palantir Technologies Inc. · Palantir Technologies Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026