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Palantir's U.S. business customers now out-spend the U.S. government

In the quarter ended Sept 30, 2026, Palantir's U.S. commercial revenue of $984 million passed U.S. government revenue of $953 million, a first for the company.

Palantir's U.S. business customers now out-spend the U.S. government — slide 1 of 7Palantir's U.S. business customers now out-spend the U.S. government — slide 2 of 7Palantir's U.S. business customers now out-spend the U.S. government — slide 3 of 7Palantir's U.S. business customers now out-spend the U.S. government — slide 4 of 7Palantir's U.S. business customers now out-spend the U.S. government — slide 5 of 7Palantir's U.S. business customers now out-spend the U.S. government — slide 6 of 7Palantir's U.S. business customers now out-spend the U.S. government — slide 7 of 7
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For years, the standard description of Palantir was a software company built for spies and soldiers. According to the press release it filed with the SEC on Nov 2, 2026, that description now needs an asterisk. In the quarter ended Sept 30, 2026, Palantir's U.S. commercial revenue was $984 million. Its U.S. government revenue was $953 million. The company says commercial passed government for the first time in its history.

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General market information for educational purposes — not investment advice. Figures come from the linked sources.