When revenue outpaces narrative, the next challenge is proving scalability beyond government adjacency
Palantir reports Q3 ‘25 US comm revenue growth of 121% Y/Y, our highest-ever revenue growth of 63% Y/Y, and our highest-ever adjusted operating margin of 51%, skyrocketing our Rule of 40 score to 114%, up a full 20 points Q/Q.
We expect Q4 ‘25 revenue of $1.327-$1.331B, representing growth of 61% Y/Y and 13% Q/Q — our highest-ever sequential quarterly growth rate guide.
And we are also raising our FY 2025 revenue guidance to 53% Y/Y growth and FY 2025 US comm revenue guidance to 104% Y/Y growth (implied Q4 growth of 121% Y/Y), crushing consensus expectations.
Nov 4, 2025 · 5:57 AM UTC

