Palantir’s billionaire co-founder Peter Thiel filed with the SEC on Monday to sell 2 million shares of the data analytics company’s stock for $280 million.
Thiel helped found the company in 2003, along with Alex Karp, Joe Lonsdale, Stephen Cohen and Nathan Gettings. He took inspiration from the fraud detection system he developed at PayPal and contributed $30 million in seed capital.
Early support from In-Q-Tel, the investment arm of the CIA, enabled the company to launch the Gotham platform in 2008 to serve intelligence and defense clients. The company went public in 2020.
Palantir ended 2025 with a strong fourth quarter, with revenue of $1.4 billion, up 70% year-over-year and beating expectations. Adjusted earnings per share were $0.25, beating expectations of $0.23.
The strong results were driven by a 137% increase in U.S. commercial revenue and a 66% increase in U.S. government sales. Palantir also said it expected revenue of $1.5 billion in the first quarter and about $7.2 billion in 2026, both of which beat Wall Street expectations.
