“Consequently, we are raising our full-year guidance for total revenue growth to 36% and our guidance for U.S. commercial revenue growth to 68%.”

Alex KarpCEO

Co-founder and CEO, Palantir Technologies

Palantir comfortably beat both targets — FY2025 revenue was $4.475 billion, up 56% (guidance implied ~$3.89–3.90 billion, +36%), and U.S. commercial revenue reached $1.465 billion, up 109% versus the 68% guided. The direction was right but the specific figures were far too conservative, and the company raised guidance three more times during the year.