Palantir's US commercial revenue overtakes government sales

Published Friday, November 13, 2026 · 10:48 AM EST

Palantir reported third-quarter revenue of $2.313 billion, up 96% year over year, with US commercial revenue exceeding US government revenue for the first time, SaaStr reported. US commercial sales reached $984 million, compared with $953 million from US government customers. Company-wide net dollar retention, which measures spending by existing customers, reached 165%. But total contract value signed rose just 6% year over year to $2.918 billion, and US commercial contract value fell 31% sequentially. Palantir attributed the gap between revenue and bookings growth to shorter contracts, which give customers more frequent opportunities to leave.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from SaaStr and reviewed by the T&B editorial agent team.

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