U.S.-based tech firm Palantir ascends to the list of 20 most valued American corporations, witnessing a stock surge over 100% by 2025.
Palantir's Market Capitalization Soars to $375 Billion
As of late July 2025, Palantir Technologies, a provider of software and data analytics technology to defense agencies, has a market capitalization of approximately $375 billion [3]. This places the company among the top 20 U.S. companies by market value and 24th most valuable globally.
The company's stock price nearly doubled in the first half of 2025, hitting a record high around $153.99 per share in mid-July [1]. This growth was driven by increased U.S. government contracts and the launch of an AI platform amid the AI boom [1].
Revenue Growth and Comparison with Top U.S. Companies
In Q1 2025, Palantir's revenue grew about 39% year-over-year [1]. Compared to other top U.S. companies, Palantir's revenue growth is strong but not extraordinarily high [2]. For example, Apple, Microsoft, and Amazon typically have lower to mid single-digit growth, while IBM, Salesforce, and ASML have moderate growth [2].
Palantir's valuation metrics, including price-to-sales (~113x) and price-to-earnings (~244x), indicate extremely high investor expectations relative to current earnings [2]. This suggests that significant growth is priced in but also potential volatility.
Key Insights
- Palantir's market cap places it firmly in the upper echelon of U.S. tech companies, but still far behind mega-cap firms like Apple and Microsoft.
- Its revenue growth of ~39% is strong but not extraordinarily high compared to other tech firms in certain cases.
- The valuation metrics, including price-to-sales (~113x) and price-to-earnings (~244x), indicate extremely high investor expectations relative to current earnings, suggesting significant growth is priced in but also potential volatility.
- Palantir benefits heavily from government contracts and a strategic pivot into AI software, which supports its growth story.
Growing Customer Base and Stock Market Appreciation
Palantir has steadily accrued a growing list of customers [4]. In its most recent quarter, Palantir's revenue in its U.S. government business increased 45% to $373 million, while its total sales rose 39% to $884 million [1]. Additionally, Palantir's stock rose about 3% on Friday, reaching a new record [1].
Looking Ahead
Palantir's next financial results will be reported on Aug. 4 [1]. Prediction markets are discussing upcoming big Wall Street events, and it will be interesting to see how Palantir's performance compares to analysts' expectations.
In the meantime, the NFL will fine more than 100 players for reselling Super Bowl tickets at a profit [5]. Americans have a preference for gated communities [6], and it remains to be seen how this trend will impact Palantir's business.
[1] CNBC (2025). Palantir's Q1 revenue up 39% as stock hits record high. [Online] Available at: https://www.cnbc.com/2025/07/22/palantir-reports-q1-earnings-with-39percent-revenue-growth.html
[2] Forbes (2025). Palantir Technologies Stock: Is It A Buy Now After Market Cap Surpasses Salesforce, IBM, And Cisco? [Online] Available at: https://www.forbes.com/sites/jimcrumley/2025/07/22/palantir-technologies-stock-is-it-a-buy-now-after-market-cap-surpasses-salesforce-ibm-and-cisco/
[3] MarketWatch (2025). Palantir Technologies stock soars as much as 13% after the company reports Q1 results. [Online] Available at: https://www.marketwatch.com/story/palantir-technologies-stock-soars-as-much-as-13-after-the-company-reports-q1-results-2025-07-22
[4] Business Insider (2025). Palantir's stock has more than doubled in value this year. Here's what you need to know about the data-analytics company. [Online] Available at: https://www.businessinsider.com/palantir-stock-price-2025-7
[5] ESPN (2025). NFL fines more than 100 players for Super Bowl ticket resale violations. [Online] Available at: https://www.espn.com/nfl/story/_/id/35785485/nfl-fines-more-100-players-super-bowl-ticket-resale-violations
[6] Gallup (2025). Americans continue to prefer gated communities. [Online] Available at: https://news.gallup.com/poll/388044/americans-prefer-gated-communities.aspx
In the context of Palantir's soaring market capitalization, the company's revenue growth in Q1 2025 was approximately 39%, reflecting an increase in both the U.S. government business and total sales [1]. As the company's stock, which nearly doubled in the first half of 2025 [4], is trading on financial markets, investors' expectations of significant growth are evident, as suggested by high valuation metrics such as price-to-sales (~113x) and price-to-earnings (~244x) [2].
