Palantir’s U.S. government business has accelerated sharply.
From ~$0.7B in contract obligations between 2015–2019 to ~$1.9B in 2020–2024, and already ~$1.7B across 2025–2026 so far.
Defense remains the leading driver, including a $227M U.S. Army contract - the company’s largest single government transaction to date.