Palantir Technologies debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Cash & equivalents

USD millions

$2,030.047M

Net debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / equity

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / assets

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Net debt / EBITDA

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Interest coverage

× · TTM

—

Current ratio

7.23×

Diluted shares

Million shares

2,568.69M shares

Basic shares

Million shares

2,399.82M shares

Share count growth

1.46%

Share repurchases

USD millions

—

Quarterly data

Palantir Technologies capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	2,030.05	—	—	—	—	—	—	7.23×	2,568.69	2,399.82	1.46%	—
FY 2026 Q1	Mar 31, 2026	—	2,291.63	—	—	—	—	—	—	6.91×	2,570.92	2,393.87	1.92%	—
FY 2025 Q4	Dec 31, 2025	—	1,423.8	—	—	—	—	—	—	7.11×	2,573.59	2,386.9	3.56%	19.2
FY 2025 Q3	Sep 30, 2025	—	1,615.97	—	—	—	—	—	—	6.43×	2,571.06	2,377.17	5.65%	19.2
FY 2025 Q2	Jun 30, 2025	—	929.55	—	—	—	—	—	—	6.32×	2,562.91	2,365.2	5.99%	18.6
FY 2025 Q1	Mar 31, 2025	—	993.46	—	—	—	—	—	—	6.49×	2,552.82	2,348.68	6.1%	18
FY 2024 Q4	Dec 31, 2024	—	2,098.52	—	—	—	—	—	—	5.96×	2,528.12	2,304.88	5.38%	18.6
FY 2024 Q3	Sep 30, 2024	—	768.71	—	—	—	—	—	—	5.67×	2,459.59	2,250.03	4.05%	18.9
FY 2024 Q2	Jun 30, 2024	—	512.66	—	—	—	—	—	—	5.92×	2,414.7	2,231.59	4.71%	17.7
FY 2024 Q1	Mar 31, 2024	—	520.39	—	—	—	—	—	—	5.91×	2,400.11	2,213.55	5.02%	9
FY 2023 Q4	Dec 31, 2023	—	831.05	—	—	—	—	—	34.57×	5.55×	2,347.13	2,187.21	4.65%	0
FY 2023 Q3	Sep 30, 2023	—	1,040.31	—	—	—	—	—	7.2×	5.53×	2,325.6	2,162.53	4.31%	0
FY 2023 Q2	Jun 30, 2023	—	1,055.92	—	—	—	—	—	-12.22×	5.22×	2,278.16	2,131.22	3.72%	0
FY 2023 Q1	Mar 31, 2023	—	1,264.74	—	—	—	—	—	-24.83×	5.41×	2,217.44	2,107.78	3.51%	0
FY 2022 Q4	Dec 31, 2022	—	2,598.54	—	—	—	—	—	-39.72×	5.17×	2,090.1	2,090.1	3.89%	—
FY 2022 Q3	Sep 30, 2022	—	2,411.29	—	—	—	—	—	-68.65×	4.28×	2,073.27	2,073.27	5.54%	—
FY 2022 Q2	Jun 30, 2022	—	2,358.39	—	—	—	—	—	-93.8×	4.36×	2,054.8	2,054.8	8.46%	—
FY 2022 Q1	Mar 31, 2022	—	2,269.41	—	—	—	—	—	-140.55×	4.38×	2,036.31	2,036.31	11.81%	—
FY 2021 Q4	Dec 31, 2021	—	2,290.67	—	—	—	—	—	-112.92×	4.34×	2,011.77	2,011.77	14.08%	0
FY 2021 Q3	Sep 30, 2021	—	2,335.07	—	—	—	—	—	-104.82×	4.13×	1,964.4	1,964.4	116.95%	0
FY 2021 Q2	Jun 30, 2021	—	2,341.16	—	—	—	—	—	-199.8×	3.9×	1,894.61	1,894.61	—	—
FY 2021 Q1	Mar 31, 2021	—	2,339.44	—	—	—	—	—	—	3.88×	1,821.16	1,821.16	—	—
FY 2020 Q4	Dec 31, 2020	—	2,011.32	—	—	—	—	—	-83.01×	3.74×	1,763.51	1,763.51	—	0
FY 2020 Q3	Sep 30, 2020	—	1,800.19	—	—	—	—	—	—	2.54×	905.46	905.46	—	0

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · PLTR, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.