Palantir
Enterprise AI platforms · https://www.palantir.com
Verdict: Buy · Confidence: high · Reviewed 2026-10-15
Public company with audited acceleration: US commercial revenue +149% YoY in Q2 2026. Valuation is the main concern, not the business.
Rubric
| Dimension | Score (1–5) | Notes & sources |
|---|---|---|
| Real customers & revenue quality Are there named paying customers, recurring revenue, and retention evidence? | 5/5 | Q2 2026 US commercial revenue $764M (+149%), total revenue growth 93%.
|
| Unit economics Do gross margins survive inference/compute costs? Is pricing durable? | 5/5 | Profitable on GAAP basis per Q2 2026 release; see filing for margin detail (to be extracted).
|
| Moat Proprietary data, distribution, switching costs, or tech that is hard to copy? | 4/5 | Deep government and enterprise deployments with ontology platform.
|
| Platform risk Could a model provider or incumbent ship this as a feature? (higher score = lower risk) | 4/5 | Model-agnostic; not dependent on a single LLM vendor. |
| Team & execution Shipping cadence, leadership track record, stability. | 5/5 | Raised FY26 guidance to 82% growth.
|
| Funding vs. traction Is capital raised justified by verifiable traction? | 5/5 | Self-funded, public.
|
| Hype signals Demo-driven marketing, vague metrics, valuation outrunning evidence? (higher score = fewer red flags) | 3/5 | Analyst judgment: market valuation multiple is very high relative to revenue; business metrics themselves are audited. |
Listing source: https://www.palantir.com. Revenue, users, and valuation figures appear only when publicly sourced; otherwise they are marked unknown.