Palantir · customer concentration
Palantir’s biggest customers
Who are Palantir’s biggest customers?
Customer I: 15% of FY2023 revenue
stale FY2023 is the latest fiscal year with a 10% customer fact in the SEC data; the latest fiscal year with reported revenue is FY2025, for which no 10% customer is in the data yet.
The filing does not name this customer. Hollsteen never guesses names.
“Our top three customers together accounted for 16% and 17% of our revenue for the years ended December 31, 2025 and 2024, respectively.”
Palantir 10-K, verbatim · 10-K · filed Feb 17, 2026
Numbers, method and sources
Share of revenue per customer as tagged in the filing’s XBRL (ConcentrationRiskPercentage, benchmark revenue). US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
FY2025
No customer ≥ 10% of revenue disclosed.
FY2024
No customer ≥ 10% of revenue disclosed.
FY2023
- Customer I (not named in filing) 15%
FY2021
No customer ≥ 10% of revenue disclosed.
FY2020
- Customer F (not named in filing) 10%
FY2019
- Customer D (not named in filing) 12%
SEC filings only. No market data.
Is Palantir getting more dependent on one customer?
Largest disclosed customer, by fiscal year
All Palantir facts from SEC filings · Customer concentration of all companies