Palantir Technologies Inc.

Palantir Technologies Inc., a for-profit software and data analytics company headquartered in Aventura, Florida, operates as a full-and-open prime contractor delivering proprietary data integration, analytics, and software-as-a-service platforms to civilian, defense, and intelligence agencies. Palantir competes on open contract vehicles with no SBA set-aside certifications; the company maintains two named subsidiaries, Palantir USG Inc. and Syntropy Technologies LLC, and operates across defense and civilian markets without minority or disadvantaged-business designations.

Palantir's federal business centers on its proprietary Gotham and Foundry platforms—enterprise data integration, analytics, and decision-support systems—deployed across case management, fraud detection, compliance automation, grants intelligence, clinical research, and investigative operations. Representative prime work includes a $385.4 million delivery order from the Department of Veterans Affairs (September 2025) to establish the National Center for Veterans Analysis and Statistics Platform using Foundry for enterprise statistical analysis and reporting; an $86.3 million BPA call from Immigration and Customs Enforcement (May 2026) for Enforcement Case Management System modernization and operational capability for removal operations; a $94.7 million BPA call from the USDA Farm Production and Conservation unit (April 2026) to centralize farm production IT systems and integrate data under the Landmark Platform Initiative; a $79.1 million delivery order from the Department of Housing and Urban Development (September 2026) for an AI-powered Unified Grants Systems Recipient Analytics Platform delivering fraud detection and compliance automation; and a $99.9 million BPA call from the U.S. Secret Service (March 2026) for data modeling services in Washington, DC. The Internal Revenue Service represents Palantir's largest recurring customer by dollar volume, with over $100 million in cumulative task orders across lead case analytics, compliance hub analytics, unified data APIs, and procurement management platforms, delivered through Foundry and Gotham on a self-performing basis without subcontractor engagement.

Customer concentration reflects domestic civilian and law-enforcement leadership. The top five customer agencies by award count account for 43% of all awards: the National Center for Advancing Translational Sciences (57 awards, $414.2 million), the Internal Revenue Service (35 awards, $719.8 million), the FBI (34 awards, $116.3 million), U.S. Special Operations Command (15 awards, $442.5 million), and the CDC (14 awards, $54.6 million). By dollar potential value, the top five shift slightly: the Army's PEO Intelligence, Electronic Warfare & Sensors leads (8 awards, $951 million in combined potential value), followed by the IRS ($719.8 million on 35 awards), Immigration and Customs Enforcement ($483.6 million on 10 awards), SOCOM ($442.5 million on 15 awards), and NCATS ($414.2 million on 57 awards). The dollar-versus-count divergence signals Palantir's dual footprint—high-volume, medium-dollar recurring work at civilian agencies (NCATS, IRS, FBI) paired with strategic, larger-dollar engagements with defense and intelligence leadership (Army, ICE, SOCOM).

Palantir's vehicle portfolio is dominated by the GSA Multiple Award Schedule (MAS), under which 221 task orders generated $5.33 billion in combined potential value. A $650 million Federal Supply Schedule contract (awarded February 2024, running through February 2029) establishes catalog-based ordering authority for software licenses, maintenance, professional services, and training across federal agencies. Three high-value BPAs established under the GSA MAS parent extend procurement reach: a $300 million BPA with the Department of Agriculture (March 2026–March 2029) for compliance vertical federal platform services; a $1 billion BPA with the Department of Homeland Security (February 2026–February 2031) for departmentwide software licenses and implementation services; and a $100 million BPA with the IRS (September 2025–March 2028) for Lead Case Analysis Support Services. The Information Technology Schedule 70 vehicle places 49 task orders generating $654.6 million. Army-specific work flows through the Distributed Common Ground System Army (DCGS-A) indefinite delivery contract, with 21 task orders totaling $46.4 million for software licenses and hardware-software solutions supporting intelligence platform sustainment and capability drops. Additionally, Palantir holds $69.37 million and $65 million indefinite delivery contracts with the National Center for Advancing Translational Sciences to support secure platforms for the National COVID Cohort Collaborative (N3C) Data Enclave and related NIH secure scientific platforms, and a $90 million HHS SHARE (Solutioning With Holistic Analytics Restructured For The Enterprise) BPA for enterprise data integration and analytics across HHS civilian agencies.

Activity has grown consistently: from 28 awards in 2022 to 39 in 2025. Recent fiscal years show 31 awards in 2024 and 29 in 2026 (through September). Palantir faces a significant recompete cliff: 27 awards with combined potential value of $694.6 million reach ultimate completion within the next twenty-four months, exposing the company to competitive recompete or renewal risk across major vehicles and customer relationships.

Palantir operates as a self-performing prime across its federal footprint. Across SCI-reportable prime service contracts, the vendor invoiced $488.2 million from FY2022 through FY2025 ($60.8 million in FY2022, $90.9 million in FY2023, $170.2 million in FY2024, and $166.3 million in FY2025), with zero reported subcontractor labor-hours share. The company reported 21.2 FTEs in FY2022 and thereafter reported zero FTE data on SCI-reportable contracts, indicating either a shift to higher-skill or classified delivery models not captured in SCI or a change in service contract reporting structures. GSA Schedule labor offerings span six categories at rates ranging from $195.47 to $377.06 per hour, with roles requiring bachelor's degrees and two to three years of experience; no security-cleared labor categories are offered on the civilian GSA Schedule. Subcontractor engagement in the prime award portfolio is minimal: only three named subcontractors appear across twelve recorded sub-awards—General Dynamics Information Technology, Northrop Grumman Systems Corp, and Booz Allen Hamilton—working on cloud infrastructure, ground-based strategic deterrent engineering, and Department of Defense enterprise data platforms. Palantir does not operate as a significant subcontractor feeder to larger primes; its role is almost exclusively prime contractor and vehicle holder.

Palantir's federal posture centers on proprietary software licensing and platform services delivered under full-and-open competitive procurement. The company has not pursued or does not hold any SBA set-aside certifications (8(a), HUBZone, SDVOSB, WOSB, or small disadvantaged business), competing instead on commercial merit across government-wide and agency-specific acquisition vehicles.