By Adam Levine

Software-maker Palantir exceeded high expectations for its first-quarter earnings results on Monday afternoon. Its shares were still sliding in after-hours trading.

Adjusted earnings-per-share were in-line with Wall Street's consensus estimate of 13 cents, and up from eight cents last year. Revenue for the quarter reached $884 million, above expectations of $862 million, and up 39% on the year.

Palantir stock was down 1.5% in after-hours trading following the release.

Though it began as a vendor to intelligence and defense agencies, Palantir has expanded into commercial markets, and now gets roughly half of revenue from its corporate customers.

Through the lens on price-to-sales ratio for the next twelve months, Palantir is the most richly valued company in the S&P 500, more-than-doubling up second place Texas Pacific Land. As such, earnings are always a high stakes affair.

Shares of Palantir are up 65% this year.

This is breaking news. Check back for more updates soon.

Write to Adam Levine at adam.levine@barrons.com

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May 05, 2025 16:13 ET (20:13 GMT)

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