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Specifically, Palantir was awarded this contract by NASA’s Shared Services Center. The deal is detailed in an official [contract listing](https://sam.gov/workspace/contract/opp/536c3250c34e41cfb91784ac419ea24c/view).
This sole-source agreement underscores Palantir’s unique ability to secure government contracts, as evidenced by its recent $10 billion contract with the US Army. Palantir currently serves approximately 800 customers but generates revenues comparable to Databricks, which has around 15,000 customers.
Despite a recent decline in share prices of about 20% due to broader market volatility and a short attack by Citron Research, Palantir continues to impress with its top-line growth. In the latest quarter, Palantir reported $1.004 billion in revenue against expectations of $939.71 million. The company closed over 150 deals worth at least $1 million and achieved a record TCV of $2.27 billion, marking a year-over-year growth rate of 140%.
Looking ahead, Palantir projects its commercial business to generate over $1.302 billion in FY 2025, representing an 85% year-over-year increase. CEO Alex Karp aims for this revenue to grow tenfold over the next five years, implying a CAGR of 58%.
Palantir’s third-quarter guidance suggests revenues between $1.083 billion and $1.087 billion, with full-year projections raised to $4.142 – $4.152 billion and free cash flow anticipated at $1.8 billion to $2.0 billion.
For further insights, NASA has been contacted for comments on this contract.
