Palantir, by contrast, reported US commercial revenue of $764 million, with a remaining deal value of $6.24 billion. "Investors should view [Anthropic's ARR] as a bullish data point for Palantir, as that's indicative of the total addressable market Palantir is also targeting," DiPalma said. "There's the potential that Palantir is going to significantly increase that as it's going after the same workloads as Anthropic, OpenAI, and the other frontier labs." Palantir first became steadily profitable through 2023 and 2024. · AlphaSpaceLate 2023 also marked the first quarters of profitability for Palantir, where net income sustainably flipped out of the red, a key bull signal for Wall Street.