Palantir’s billionaire co-founder Peter Thiel on Monday filed with the SEC to offload 2 million shares in the data analytics firm for $280 million.
Thiel helped establish the company in 2003 alongside Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. He contributed $30 million in seed capital, drawing inspiration from fraud-detection systems he developed at PayPal.
Early backing from In-Q-Tel, the CIA’s investment arm, enabled the firm to launch its Gotham platform in 2008, which serves intelligence and defense clients. The company went public in 2020.
Palantir capped 2025 with a strong fourth quarter, reporting revenue of $1.4 billion, up 70% year over year and above expectations. Adjusted earnings per share came in at $0.25, topping projections of $0.23.
The outperformance was fueled by a 137% surge in US commercial revenue and a 66% increase in US government sales. Palantir also guided to $1.5 billion in first-quarter revenue and roughly $7.2 billion for 2026, both above Wall Street expectations.