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Side-by-side financial comparison of Palantir Technologies (PLTR) and VEON Ltd. (VEON). Click either name above to swap in a different company.

Palantir Technologies is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× VEON Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs 53.3%, a 2.6% gap on every dollar of revenue. On growth, Palantir Technologies posted the faster year-over-year revenue change (84.7% vs 5.8%).

Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics platforms enabling government agencies, militaries, and corporations to combine and analyze data from multiple sources. Its flagship products—Gotham and Foundry —connect previously siloed databases to support intelligence operations, counterterrorism analysis, law enforcement, and enterprise analytics.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

PLTR vs VEON — Head-to-Head

Bigger by revenue
PLTR
PLTR
1.5× larger
PLTR
$1.6B
$1.1B
VEON
Growing faster (revenue YoY)
PLTR
PLTR
+78.9% gap
PLTR
84.7%
5.8%
VEON
Higher net margin
VEON
VEON
2.6% more per $
VEON
55.9%
53.3%
PLTR

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
PLTR
PLTR
VEON
VEON
Revenue
$1.6B
$1.1B
Net Profit
$870.5M
$608.0M
Gross Margin
86.8%
Operating Margin
46.2%
75.4%
Net Margin
53.3%
55.9%
Revenue YoY
84.7%
5.8%
Net Profit YoY
306.7%
583.1%
EPS (diluted)
$0.34
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PLTR
PLTR
VEON
VEON
Q1 26
$1.6B
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.0B
$1.1B
Q1 25
$883.9M
Q4 24
$827.5M
Q3 24
$725.5M
Q2 24
$678.1M
$1.0B
Net Profit
PLTR
PLTR
VEON
VEON
Q1 26
$870.5M
Q4 25
$608.7M
Q3 25
$475.6M
Q2 25
$326.7M
$608.0M
Q1 25
$214.0M
Q4 24
$79.0M
Q3 24
$143.5M
Q2 24
$134.1M
$89.0M
Gross Margin
PLTR
PLTR
VEON
VEON
Q1 26
86.8%
Q4 25
84.6%
Q3 25
82.4%
Q2 25
80.8%
Q1 25
80.4%
Q4 24
78.9%
Q3 24
79.8%
Q2 24
81.0%
Operating Margin
PLTR
PLTR
VEON
VEON
Q1 26
46.2%
Q4 25
40.9%
Q3 25
33.3%
Q2 25
26.8%
75.4%
Q1 25
19.9%
Q4 24
1.3%
Q3 24
15.6%
Q2 24
15.5%
27.1%
Net Margin
PLTR
PLTR
VEON
VEON
Q1 26
53.3%
Q4 25
43.3%
Q3 25
40.3%
Q2 25
32.6%
55.9%
Q1 25
24.2%
Q4 24
9.5%
Q3 24
19.8%
Q2 24
19.8%
8.7%
EPS (diluted)
PLTR
PLTR
VEON
VEON
Q1 26
$0.34
Q4 25
$0.24
Q3 25
$0.18
Q2 25
$0.13
$0.34
Q1 25
$0.08
Q4 24
$0.03
Q3 24
$0.06
Q2 24
$0.06
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLTR
PLTR
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$2.3B
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$8.6B
$1.5B
Total Assets
$10.2B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTR
PLTR
VEON
VEON
Q1 26
$2.3B
Q4 25
$7.2B
Q3 25
$6.4B
Q2 25
$6.0B
$1.3B
Q1 25
$5.4B
Q4 24
$5.2B
Q3 24
$4.6B
Q2 24
$4.0B
$862.0M
Stockholders' Equity
PLTR
PLTR
VEON
VEON
Q1 26
$8.6B
Q4 25
$7.4B
Q3 25
$6.6B
Q2 25
$5.9B
$1.5B
Q1 25
$5.4B
Q4 24
$5.0B
Q3 24
$4.5B
Q2 24
$4.1B
$1.1B
Total Assets
PLTR
PLTR
VEON
VEON
Q1 26
$10.2B
Q4 25
$8.9B
Q3 25
$8.1B
Q2 25
$7.4B
$8.5B
Q1 25
$6.7B
Q4 24
$6.3B
Q3 24
$5.8B
Q2 24
$5.2B
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLTR
PLTR
VEON
VEON
Operating Cash FlowLast quarter
$899.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTR
PLTR
VEON
VEON
Q1 26
$899.2M
Q4 25
$777.3M
Q3 25
$507.7M
Q2 25
$539.3M
Q1 25
$310.3M
Q4 24
$460.3M
Q3 24
$419.8M
Q2 24
$144.2M
Free Cash Flow
PLTR
PLTR
VEON
VEON
Q1 26
Q4 25
$764.0M
Q3 25
$500.9M
Q2 25
$531.6M
Q1 25
$304.1M
Q4 24
$457.2M
Q3 24
$415.8M
Q2 24
$141.3M
FCF Margin
PLTR
PLTR
VEON
VEON
Q1 26
Q4 25
54.3%
Q3 25
42.4%
Q2 25
53.0%
Q1 25
34.4%
Q4 24
55.3%
Q3 24
57.3%
Q2 24
20.8%
Capex Intensity
PLTR
PLTR
VEON
VEON
Q1 26
Q4 25
0.9%
Q3 25
0.6%
Q2 25
0.8%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.4%
Cash Conversion
PLTR
PLTR
VEON
VEON
Q1 26
1.03×
Q4 25
1.28×
Q3 25
1.07×
Q2 25
1.65×
Q1 25
1.45×
Q4 24
5.83×
Q3 24
2.92×
Q2 24
1.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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