Its $0 tax bill comes despite the company raking in $1.6 billion and landing a $10 billion military contract last year.

A new analysis finds that tech giant Palantir Technologies paid $0 in federal income taxes last year, despite raking in hundreds of millions in taxpayer money to build out a mass network to surveil Americans in partnership with the Department of Homeland Security (DHS).

Palantir, which has landed multiple massive contracts under the Trump administration, made $1.6 billion in net income last year.

It grew so much last year that it joined the list of the 20 most valuable U.S. companies, with its stock more than doubling in value in the first half of 2025 alone. In a report to shareholders, the company said it was “crushing” expectations in terms of growth, with revenue growing 93 percent year over year at the end of 2025.

    • fizzle@quokk.auEnglish
      0·
      10 days ago

      Im not sure if youre actually this daft but obviously thats not true - im sure you’re entitled to claim a deduction for expenses you incur in producing your income.

      • fonix232@fedia.io
        1·
        10 days ago

        In the US, maybe. Not in most other countries.

        Also while companies can expense ALL expenditure related in generating their income, people can’t. You can’t claim 1/3 of your rent, 1/3-1/2 of your food consumption, your bills, etc., as expenditure. Companies can, and they do, often disgustingly so.