Palantir Risk Score: 66/100 (Q2 2026)
Palantir, scored:
66 out of 100
93% revenue growth, a 47% operating margin, no debt, and one of the most demanding share prices in the market, all in the same quarter. Here is how Palantir scores when you run it through a three-pillar risk framework.
💡 What is a risk score?
A risk score is a way of turning a messy earnings report into one number you can compare across companies and across time. This framework scores three pillars: Valuation (35%), is the price you pay reasonable for the earnings and assets you get; Financial Health (35%), can the company fund itself through a bad year; and Growth (30%), is the business actually getting bigger, and is that growth reaching profits.
Each pillar scores 0 to 100 where higher means lower risk. The weighted total maps to five bands: High Risk (0 to 24), Elevated (25 to 49), Moderate (50 to 74), Low-Mod (75 to 89) and Low Risk (90 to 100). Every metric is tagged LOCK (hard number from the filings), FLEX (moves with the share price) or WATCH (a forward claim that is not proven yet). This is an educational scoring exercise, not a recommendation of any kind.
One number is worth pausing on, because it drives most of this report. Price to sales compares the entire market value of the company against one year of revenue. At roughly 67x you are paying about $67 for every $1 of revenue Palantir produced in the past twelve months, and around $50 for every $1 it expects to produce this year. For that to make sense, the growth has to keep going for a long time.
A $200 stock became a $113 stock, then bounced
Palantir's weekly close peaked at $200.47 in the week of 27 October 2025, then fell 44% to $112.93 by late June 2026. Nothing in the accounts caused that: over the same stretch the company reported growth of 63%, then 70%, then 85%. The rebound came with the Q2 print on 3 August, when the stock closed the week at $172.01, up about 40% in five days. Toggle the range to see the full price history back to the end of 2020.
Weekly closing prices, TradingView export. Three marked points: green is the highest weekly close, $200.47 in the week of 27 Oct 2025; red is the lowest, $112.93 in the week of 22 Jun 2026; amber is the Q2 2026 earnings week, which closed at $172.01. Tap any point for the exact close.
The quarter in context
Every figure below comes from Palantir's own quarterly business updates, so all eight rows are LOCK numbers. Adjusted operating margin strips out stock-based compensation, which is how the company reports it and how the Rule of 40 score is built. Tap any row and it charts itself below the table.
| Metric | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|
| Revenue ($M) | 1,003.7 | 1,181.1 | 1,406.8 | 1,632.6 | 1,935.5 |
| Revenue growth YoY (%) | 48 | 63 | 70 | 85 | 93 |
| Operating income, GAAP ($M) | 269 | 393 | 575 | 754 | 912 |
| Adjusted operating margin (%) | 46 | 51 | 57 | 60 | 62 |
| Net income, GAAP ($M) | 327 | 476 | 609 | 871 | 1,062 |
| Rule of 40 score | 94 | 114 | 127 | 145 | 155 |
| Billings ($M) | 1,102 | 1,226 | 1,489 | 1,750 | 2,072 |
| Stock-based compensation ($M) | 160.0 | 172.3 | 196.4 | 201.6 | 265.2 |
Default view: revenue growth. Very few companies of this size accelerate for this long, and it is the single line doing the most work in the score. The row worth checking second is stock-based compensation, the one number in these accounts that costs existing shareholders rather than helping them.
How the 66 is built
Two pillars score close to the ceiling. One scores near the floor. The weighting is what turns that into a middling number.
Disagree? Score it yourself.
These are my pillar scores; the framework surfaces, you judge. Think the valuation deserves more credit for a business compounding at 93%, or the growth pillar less because so much of it comes from existing customers spending more? Drag the sliders and watch the score and band recompute. The weights stay locked at 35 / 35 / 30.