Q1 2025 Earnings — Results of Operations, Reg FD Disclosure

U.S. revenue surged 55% year-over-year to $628 million, powered by a 71% jump in U.S. commercial revenue, while management raised full-year 2025 revenue guidance to 36% growth and hiked U.S. commercial revenue growth guidance to at least 68%, blowing past Wall Street expectations. With a Rule of 40 score of 83%, $5.4 billion in cash, and record U.S. commercial bookings up 183%, Palantir is translating its AI platform momentum into accelerating demand that's widening its competitive moat.