PLTR · NasdaqGS
Palantir
Mission software, Maven/AIP, VNav for sUAS
Research score
62
Adjust weights in Scoring
Last Q revenue
n.d.
2026-08-24
Q YoY
n.d.
Backlog
n.d.
unable
Last print · Yahoo Finance spark (query1)
What it actually does
Sells software. One verified drone integration in this universe: VNav on Black Widow.
Defense autonomy enabler, not a drone manufacturer.
Verified software integration with a U.S. Army PoR sUAS (VNav × Black Widow). Included as a defense-autonomy enabler with a 6/100 pure-play score — not as a drone OEM.
Buy-side thesis
If sUAS need GPS-denied nav as a software attach, Palantir is already on a PoR airframe.
Quality of earnings is in a different league than UAS hardware micro-caps.
Sell-side thesis
Drone is rounding error. A 10x in Red Cat does not 10x Palantir.
Valuation risk is the stock's dominant factor (52-week $106–$207, mcap ~$420B).
Financial quality
High, and irrelevant to a drone book except as a partner check on RCAT.
Earnings review
Do not use PLTR prints as a drone monitor. Use the RCAT integration for the thesis.
Why the score / why it can break
Supports
- Balance-sheet heat is a relative strength.
- Verified software integration with a U.S. Army PoR sUAS (VNav × Black Widow). Included as a defense-autonomy enabler with a 6/100 pure-play score — not as a drone OEM.
- Verified software integration with a U.S. Army PoR sUAS (VNav × Black Widow). Included as a defense-autonomy enabler with a 6/100 pure-play score — not as a drone OEM.
Risks to the score
- Valuation risk is elevated vs. the rest of the book.
- Dilution / issuance flags are on.
- Incomplete disclosure in this research set.
Scenarios — not a price target
| Case | P | Revenue | Margins | Dilution | Multiple | Impl. cap / px |
|---|---|---|---|---|---|---|
| bear | 25% | Company | company | SBC | compression | n.d. / software multiple crush |
| base | 50% | Company | company | SBC | holds | n.d. / beta to software/gov |
| bull | 25% | Company + defense attach | company | SBC | holds/expands | n.d. / gov AI premium |
Implied prices are arithmetic from stated assumptions. They are not recommendations.