Global marketsUpdated November 3

U.S. commercial revenue tops Palantir’s U.S. government revenue for the first time

Palantir’s third-quarter revenue came to $2.313 billion, up 96% year over year. In the U.S., commercial revenue reached $984 million after growing 148%, and the company said it exceeded U.S. government revenue for the first time. That change is specifically between the U.S. commercial and government revenue lines, not a crossover between all of Palantir’s commercial and government business. Alongside the jump in total revenue, the quarter marks a new balance between those two parts of its U.S. business.

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Coverage started November 3