Federal procurement activity for PALANTIR TECHNOLOGIES INCORPORATED is concentrated in software-related obligations, led by the National Institutes of Health, U.S. Immigration and Customs Enforcement, and the Internal Revenue Service. Annual obligations increased to $265.94 million in 2025 from $142.12 million in 2021, with 2024 and 2025 accounting for the largest yearly totals in the period.
Federal Contractor
PALANTIR TECHNOLOGIES INCORPORATED Federal Contract Obligations (Last 5 Years)
PALANTIR TECHNOLOGIES INCORPORATED (CAGE 470F5, UEI FSY4LVSBGWB7) received 434 federal award actions totaling $1.04 billion over the last 5 years.
NAICS 511210 accounts for $870.60 million of obligated value, followed by NAICS 513210 at $171.19 million; minor negative values appear in two other NAICS lines and do not change the overall total.
CAGE Code
470F5
UEI
FSY4LVSBGWB7
Total Obligated
1.04 billion
1,041,752,946.66
Award Actions
434
Average Action Value
2,400,352.41
About PALANTIR TECHNOLOGIES INCORPORATED federal contract activity
PALANTIR TECHNOLOGIES INCORPORATED (CAGE 470F5, UEI FSY4LVSBGWB7) recorded $1.04 billion in obligated funding across 434 awards in the last 5 years, for an average award value of about $2.40 million. The profile indicates a high-volume federal contracting footprint with concentrated activity in software-related procurement.
Agency mix and customer concentration
Award activity is led by the National Institutes of Health at $190.54 million across 69 awards, followed closely by U.S. Immigration and Customs Enforcement at $173.05 million across 32 awards and the Internal Revenue Service at $152.72 million across 67 awards. Veterans Affairs and the Department of Energy also represent material obligating agencies, indicating a customer base that spans health, enforcement, revenue, and science/energy missions.
Industry profile based on NAICS activity
The spending base is overwhelmingly centered on NAICS 511210, Software Publishers, which accounts for $870.60 million across 362 awards. NAICS 513210 also contributes significant obligated value at $171.19 million across 68 awards, while the remaining NAICS entries are minimal and include small negative obligated values that likely reflect contract adjustments or deobligations.
Annual contract trend over the analysis window
Annual obligations remain elevated throughout the window, rising from $142.12 million in 2021 to $265.94 million in 2025. After a strong 2022 and a softer 2023, obligations rebounded in 2024 and reached the period high in 2025, with award counts tracking upward in parallel.
How to interpret this page
This summary is based on FPDS award records associated with the vendor's CAGE code and UEI over the last 5 years. Totals reflect obligated dollars and award counts as provided, and NAICS/agency breakdowns are limited to the reported top categories; negative obligated values are presented as recorded in the source data.
Top Agencies
SELECT
agency_id,
agency_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__purchaserInformation__contractingOfficeAgencyID AS agency_id,
anyHeavy(content__award__purchaserInformation__contractingOfficeAgencyID__name) AS agency_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode = '470F5'
AND content__award__purchaserInformation__contractingOfficeAgencyID IS NOT NULL
AND content__award__purchaserInformation__contractingOfficeAgencyID != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY agency_id
)
ORDER BY total_obligated DESC
LIMIT 10| Agency ID | Agency Name | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| 7529 | NATIONAL INSTITUTES OF HEALTH | 190,544,110.11 | 190.54 million | 69 |
| 7012 | U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT | 173,049,236.00 | 173.05 million | 32 |
| 2050 | INTERNAL REVENUE SERVICE | 152,720,066.12 | 152.72 million | 67 |
| 3600 | VETERANS AFFAIRS, DEPARTMENT OF | 106,910,183.55 | 106.91 million | 15 |
| 8900 | ENERGY, DEPARTMENT OF | 90,967,788.61 | 90.97 million | 29 |
| 2100 | DEPT OF THE ARMY | 84,556,846.10 | 84.56 million | 50 |
| 6920 | FEDERAL AVIATION ADMINISTRATION | 56,725,488.55 | 56.73 million | 22 |
| 7570 | OFFICE OF THE ASSISTANT SECRETARY FOR ADMINISTRATION (ASA) | 48,155,925.29 | 48.16 million | 34 |
| 7524 | FOOD AND DRUG ADMINISTRATION | 44,874,102.68 | 44.87 million | 10 |
| 7523 | CENTERS FOR DISEASE CONTROL AND PREVENTION | 21,422,808.60 | 21.42 million | 16 |
Insight
Over the last 5 years, PALANTIR TECHNOLOGIES INCORPORATED received $1.04 billion across 434 awards, averaging about $2.40 million per award. Obligations are concentrated in a small set of civilian agencies, led by the National Institutes of Health ($190.54 million, 69 awards), U.S. Immigration and Customs Enforcement ($173.05 million, 32 awards), and the Internal Revenue Service ($152.72 million, 67 awards). The remaining top agencies are more distributed, with no other agency exceeding $106.91 million, indicating a broad but uneven customer base across health, homeland security, finance, and defense-related organizations.
Top NAICS
SELECT
naics_code,
naics_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__productOrServiceInformation__principalNAICSCode AS naics_code,
anyHeavy(content__award__productOrServiceInformation__principalNAICSCode__description) AS naics_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode = '470F5'
AND content__award__productOrServiceInformation__principalNAICSCode IS NOT NULL
AND content__award__productOrServiceInformation__principalNAICSCode != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY naics_code
)
ORDER BY total_obligated DESC
LIMIT 10| NAICS Code | Description | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| 511210 | SOFTWARE PUBLISHERS | 870,601,635.01 | 870.60 million | 362 |
| 513210 | SOFTWARE PUBLISHERS | 171,192,507.91 | 171.19 million | 68 |
| 541511 | CUSTOM COMPUTER PROGRAMMING SERVICES | -403.76 | -403.76 | 1 |
| 518210 | DATA PROCESSING, HOSTING, AND RELATED SERVICES | -40,792.50 | -40.79 thousand | 3 |
Insight
Over the last 5 years, PALANTIR TECHNOLOGIES INCORPORATED’s obligations are highly concentrated in NAICS 511210, which accounts for $870.60 million across 362 awards, or the clear majority of the vendor’s $1.04 billion total. NAICS 513210 is the secondary concentration point with $171.19 million across 68 awards, bringing the combined share of these two software-related NAICS codes to nearly all observed obligations. The remaining NAICS codes are immaterial in value and include small negative obligations in 541511 and 518210, indicating minimal activity outside the core software publishing categories.
Annual Trend
SELECT
year,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
toYear(parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate)) AS year,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode = '470F5'
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY year
)
ORDER BY year DESC| Year | Total Obligated | Readable | Award Actions |
|---|---|---|---|
| 2025 | 265,940,388.06 | 265.94 million | 109 |
| 2024 | 244,846,984.73 | 244.85 million | 99 |
| 2023 | 179,797,888.48 | 179.80 million | 82 |
| 2022 | 209,045,000.02 | 209.05 million | 81 |
| 2021 | 142,122,685.37 | 142.12 million | 63 |
Insight
Over the last 5 years, PALANTIR TECHNOLOGIES INCORPORATED (CAGE 470F5) recorded $1.04 billion across 434 awards, with an average award value of $2.40 million. Obligations increased from $142.12 million in 2021 to a peak of $265.94 million in 2025, despite a dip in 2023 and partial recovery in 2024, indicating an overall upward funding trend. Award volume also rose from 63 to 109 over the period, suggesting growth is driven by both higher award counts and larger obligated amounts.
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