Palantir Technologies announced better-than-expected fourth-quarter financial results, with revenue surging 70% year-over-year to $1.4 billion. Amid this strong performance, co-founder and billionaire Peter Thiel filed to sell 2 million shares, valued at approximately $280 million.
Thiel, who helped establish Palantir in 2003 with initial seed capital of $30 million, is divesting a portion of his holdings. The company, which went public in 2020, saw its outperformance in the last quarter driven by a 137% increase in US commercial revenue and a 66% rise in US government sales.
Palantir also provided optimistic guidance, forecasting $1.5 billion in first-quarter revenue and an estimated $7.2 billion for the full year 2026, both exceeding Wall Street projections.