Palantir Technologies, a prominent data analytics and artificial intelligence firm, has amassed over $6 billion in federal government contracts as of July 2025, solidifying its extensive reach across various U.S. agencies. This significant portfolio underscores the company's deepening integration into critical government operations, from defense to public health, and highlights its pivotal role in the administration's push for advanced data utilization.
A recent social media post by Jason Bassler, an observer of Palantir's activities, detailed the company's extensive contract portfolio as of July 2025. The tweet listed significant agreements, including $1.2 billion with the Department of Defense, $1 billion each with the Department of Homeland Security and Health and Human Services, and $1 billion with the Army. Further contracts included $920 million with the Navy, $443 million with the Centers for Disease Control and Prevention, and $44.4 million with the Food and Drug Administration, alongside $30 million with Immigration and Customs Enforcement. Bassler summarized the scope, stating:
"Over $6B in federal contracts — and still growing," also mentioning undisclosed contracts with the Department of Veterans Affairs, Department of Transportation, Internal Revenue Service, and Social Security Administration.
Palantir's growth in government contracts is largely attributed to the current administration's emphasis on data sharing and AI-driven decision-making across federal departments. The company's platforms, such as Foundry and the Maven Smart System, are being widely adopted, with the Army's Maven contract alone seeing a $795 million boost in May 2025, pushing its total value to $1.3 billion. Discussions are ongoing for Palantir to provide technology to the IRS and SSA, potentially creating centralized data systems.
These federal engagements represent a substantial portion of Palantir's revenue, accounting for approximately 42% to 55% of its total sales in recent periods. The influx of government contracts has significantly boosted Palantir's stock performance, with its valuation soaring to nearly $300 billion by June 2025, driven by investor optimism in its defense and government sector wins. Analysts like Wedbush's Daniel Ives have cited these contracts as "game-changers," raising price targets for the stock.
Despite its financial success, Palantir's expanding government role has drawn considerable scrutiny regarding privacy and ethical implications, particularly concerning the aggregation of sensitive citizen data. Democratic lawmakers have raised questions about its contracts under the Trump administration, and its work with ICE on tracking migrant movements has faced criticism from human rights groups. The company, however, maintains its nonpartisan stance, emphasizing its long-standing partnerships across multiple administrations.
As Palantir continues to secure and expand its federal contracts, including potential involvement in large-scale projects like the "Golden Dome" missile defense system, its trajectory remains closely tied to government spending and policy. The company's ability to navigate regulatory challenges and public concerns will be crucial in sustaining its growth and market position in the coming years.