Palantir Technologies, the data analytics firm founded by Peter Thiel, crossed the $1 billion mark in US government contracts for fiscal year 2026. The company secured a $10 billion, 10-year Enterprise Agreement with the US Army in July 2025, consolidating multiple existing contracts as part of a data infrastructure modernization project. Federal obligations to Palantir reached $970.5 million in 2025, while the Pentagon allocated an additional $244 million in August 2026 for the company’s services through March 2027. Palantir’s US government revenue surged 84% year-over-year in the first quarter of 2026, reaching $687 million.
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