Palantir Technologies reported trailing twelve-month revenue of approximately $5.22 billion as of 31 March 2026, reflecting year-over-year revenue growth of 84.7% [SEC 10-Q - PLTR - 2026-03-31]. Net income on the same basis stood at approximately $2.28 billion, producing a net margin of 43.7% and an operating margin of 38.1%. Gross margin was recorded at 84.1%. The company carried $2.29 billion in cash with zero total debt on its balance sheet. The trailing P/E ratio stood at 154.31 against a market capitalisation of approximately $329.2 billion. EPS grew 325% year-over-year over the same period [SEC 10-Q - PLTR - 2026-03-31].
Insider activity constitutes the primary trigger for this report. In the 30-day window ending May 2026, 38 insider transactions were recorded, with a net direction of selling and a net disposed value of approximately $127.6 million [SEC Form 4 - PLTR - 2026-05]. This volume of transactions and the aggregate net sale figure represent notable activity relative to the company's recent reporting period. No purchases offsetting these disposals were recorded in the cited filings [SEC Form 4 - PLTR - 2026-05].
The prevailing interest rate environment shows the 10-year US Treasury yield at 4.56% and the 2-year at 4.13%, producing a normal yield curve spread of 43 basis points [FRED DGS10; FRED DGS2]. This configuration reflects the broader fixed-income backdrop against which equity instruments with elevated valuation multiples, such as PLTR's reported P/E of 154.31, are currently priced in the market [SEC 10-Q - PLTR - 2026-03-31].