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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+40.4% YoYReported for FY 2025
Liabilities
+13.3% YoYReported for FY 2025
Equity
+47.6% YoYReported for FY 2025
Equity mix
+3.9 ppEquity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 11, 2026. The filing-backed figures above are the current source of truth.
Palantir Technologies’ balance sheet strengthened materially over the 2021–2025 period. Total assets rose from about $3.25 billion in 2021 to $8.90 billion in 2025, a strong multi-year increase that suggests meaningful growth in cash, investments, and/or other balance-sheet resources as the business scaled. Stockholders’ equity also expanded sharply, increasing from $2.29 billion to $7.39 billion over the same span, which indicates that net accumulated value to shareholders improved substantially. Overall, the company’s financial position appears to have become much more robust, with assets growing faster than liabilities. Liabilities increased more modestly, moving from roughly $956 million in 2021 to $1.41 billion in 2025. There was a dip in 2022 to about $819 million before rising again in 2023–2025, but the increase remained far smaller than the growth in assets and equity. This pattern implies improving capitalization and a conservative balance-sheet profile, with equity funding a larger share of the company’s asset base over time. In the context of a software/data analytics company like Palantir, such a balance-sheet expansion is notable because the sector often emphasizes cash generation, operating leverage, and limited capital intensity rather than heavy debt financing.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.