Palantir Technologies Inc - Ordinary Shares - Class A

Strong Revenue Growth: Palantir reported a 39% year-over-year revenue growth for Q1 2025, amounting to $884 million, which exceeded the high end of prior guidance by nearly 350 basis points. The U.S. commercial revenue specifically surged 71% year-over-year, surpassing a $1 billion annual run rate for the first time.

Guidance Revisions: The company raised its full-year 2025 revenue guidance midpoint to $3.896 billion (36% year-over-year growth) and US commercial revenue guidance to over $1.178 billion (at least 68% growth). They also increased their adjusted free cash flow guidance to a range of $1.6 billion to $1.8 billion.

Rule of 40 Score: Palantir’s Rule of 40 score improved from 81% in Q4 2024 to 83% in Q1 2025, indicating strong revenue growth combined with profitability. The expectation for the Rule of 40 for the full year is set at 80%, maintaining a high-performance metric for the company.