RPO Tracker · PLTR · Updated 2026-08-03
Palantir: Contracted Revenue
Palantir reported $4.9B of RPO at Q2 2026, which is 0.80x the trailing twelve months of the revenue it converts into. The median across all 11 disclosures tracked is 3.34x.
Contracted
$4.9B
Q2 2026, Whole company
Coverage
0.80x
against $6.2B of trailing revenue
Due within 12 months
Not disclosed
no near-term split published
Weighted duration
Not disclosed
the company published none
Q2 2026
Period ended 2026-06-30 · reported 2026-08-03
- Metric
- RPO · Whole company
- Contracted balance
- $4.9B, +102% year over year
- Denominator
- Total revenue for the four quarters to June 30, 2026: $1.18bn (Q3 2025) plus $1.41bn (Q4 2025) plus $1.63bn (Q1 2026) plus $1.935bn (Q2 2026).
- Coverage
- 0.80x (scopes match)
- Duration
- No duration or 12-month split published with the result.
- Notes
- The most instructive row in the table, because it is the counterexample. Palantir grew revenue 93% and doubled RPO, and still has the thinnest coverage here at 0.8x, less than a year of contracted sales. The reason is definitional, not commercial: Palantir's RPO counts only non-cancellable contracted revenue, and a large share of its government work is optional or cancellable at the customer's discretion, so it never enters the disclosure. Anyone ranking AI names by RPO alone would conclude Palantir has the weakest demand in the sector, which is not what this number means.
Sources: company filing or release · company filing or release
Our Coverage
Part of the free RPO and Backlog Coverage Tracker, CC BY 4.0. Cite as: RPO and Backlog Coverage Tracker, Regards of Wallstreet, https://www.regardsofwallstreet.com/data/rpo/entity/palantir. The methodology explains how coverage is calculated and why the scope of both halves matters.