Palantir U.S. Commercial Revenue grew 109% YoY in 2025. Is the "government contractor" label finally dead?

We all know Palantir as the secretive government data contractor, but their latest earnings report shows a massive, under-the-radar transformation in *where* their growth is actually coming from. Here is a breakdown of a recent article highlighting the shift in PLTR's business model and why the commercial sector might be the real bull case going forward. **The Key Numbers from 2025:** * **U.S. Commercial Revenue:** Grew a massive **109% YoY**, hitting \~$1.5 billion. * **U.S. Government Revenue:** Grew \~55%, totaling $1.9 billion. While government contracts are still their bread and butter, the commercial side is accelerating twice as fast. Industries like manufacturing, healthcare, utilities, and energy are rapidly adopting their platforms. [https://www.fsonews.com/palantirs-growth-story-is-starting-to-shift-and-investors-are-taking-notice/](https://www.fsonews.com/palantirs-growth-story-is-starting-to-shift-and-investors-are-taking-notice/)