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Palantir10-K: Backlog growth

Average revenue from top 20 customers surged 45% YoY to $93.9M in 2025

What happened

This indicates a healthy land-and-expand motion and validates the value proposition for large enterprises.

Source

SEC EDGARFeb 17, 2026

Annual report (Form 10-K)

Palantir 10-K for FY2025

Filing excerpt

The average revenue for our top twenty customers during the trailing twelve months ended December 31, 2025 was $93.9 million, and is up from 2024, when the average revenue from our top twenty customers during the trailing twelve months ended December 31, 2024 was $64.6 million, demonstrating our expanding relationships with existing customers.

sec.gov/Archives/edgar/data/1321655/000132165526000011/pltr-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Backlog growth

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 17, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$93.9M (Average revenue from top 20 customers in 2025)
Percent
45% (Year-over-year growth in average revenue from top 20 customers)

Details

CIK
1321655
Accession number
0001321655-26-000011
Timeframe
Current year
Filing year
2026
Why it matters
Capacity/fulfillment needs
Signal category
Revenue

Extraction

Confidence
High
Relevance
90%
Sentiment
Positive
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
backlogGrowth

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/f933d794-d417-4029-8912-3fba6dcb0d89 returns this record as JSON. POST /v1/companies/enrich returns every signal for palantir.com.

{
  "signal_id": "f933d794-d417-4029-8912-3fba6dcb0d89",
  "signal_type": "sec-10k",
  "signal_subtype": "backlogGrowth",
  "detected_at": "2026-02-24T09:18:29.412+00:00",
  "company": {
    "name": "Palantir",
    "domain": "palantir.com"
  },
  "data": {
    "detail": "The significant increase in spending from top customers, up from $64.6M in 2024, demonstrates successful account expansion and strong budget allocation for Palantir's platforms. This indicates a healthy land-and-expand motion and validates the value proposition for large enterprises.",
    "metrics": {
      "pct": 0.45,
      "timeframe": "current_year",
      "pct_context": "Year-over-year growth in average revenue from top 20 customers",
      "dollar_context": "Average revenue from top 20 customers in 2025",
      "dollar_millions": 93.9
    },
    "summary": "Average revenue from top 20 customers surged 45% YoY to $93.9M in 2025",
    "excerpts": "The average revenue for our top twenty customers during the trailing twelve months ended December 31, 2025 was $93.9 million, and is up from 2024, when the average revenue from our top twenty customers during the trailing twelve months ended December 31, 2024 was $64.6 million, demonstrating our expanding relationships with existing customers.",
    "relevance": 0.9,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1321655/000132165526000011/pltr-20251231.htm",
    "filing_date": "2026-02-17",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Capacity/fulfillment needs",
    "signal_category": "revenue"
  }
}

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