Palantr Technologies: Q2 2025 Insights

Palantr Technologies: Q2 2025 Insights

• 1. Business Update Q2 2025 ©2025 Palanr Technologies Inc.

• 2. Disclaimer Safe Harbor This presentaon contains “forward-looking” statements within the meaning of the federal securies laws, and these statements involve substanal risks and uncertaines. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding our financial outlook, product development, distribuon, and pricing, expected benefits of and applicaons for our soware platforms, business strategy and plans (including strategy and plans relang to our Arficial Intelligence Platform (“AIP”), sales and markeng eorts, sales force, partnerships, and customers), investments in our business, market trends and market size, our expectaons regarding any current or potenal customers, partnerships, or other business relaonships or iniaves, opportunies (including growth opportunies), our expectaons regarding our exisng and potenal investments in, and commercial contracts with, various enes, our expectaons regarding macroeconomic events, our expectaons regarding our share repurchase program, and posioning, as well as assumpons relang to the foregoing. Forward-looking statements are inherently subject to risks and uncertaines, some of which cannot be predicted or quanfied. In some cases, you can idenfy forward-looking statements by terminology such as “guidance,” “expect,” “ancipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “esmate,” “potenal,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variaons of these terms or the negave of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indicaons of the mes at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to a number of risks and uncertaines, many of which involve factors or circumstances that are beyond our control. Our actual results could dier materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to risks detailed in our filings with the Securies and Exchange Commission (the “SEC”). You can locate these reports on our investor relaons website (investors.palanr.com) or on the SEC website (www.sec.gov). If the risks or uncertaines ever materialize or the assumpons prove incorrect, our results may dier materially from those expressed or implied by such forward-looking statements. Except as required by law, we assume no obligaon and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectaons. We use the non-GAAP financial measures adjusted free cash flow and adjusted free cash flow margin; adjusted gross profit and adjusted gross margin; billings; adjusted operang income and adjusted operang margin; operang income when excluding one-me SAR-related expenses; net income when excluding one-me SAR-related expenses; adjusted earnings per share (“EPS”), diluted; and adjusted expenses to help us evaluate our business, idenfy trends aecng our business, formulate business plans and financial projecons, and make strategic decisions. Our definions may dier from the definions used by other companies and therefore comparability may be limited. In addion, other companies may not publish these or similar metrics. Further, these metrics have certain limitaons in that they do not include the impact of certain expenses that are reflected in our consolidated statements of operaons. Thus, these non-GAAP financial measures should be considered in addion to, not as a substute for, or in isolaon from, measures prepared in accordance with GAAP. We compensate for these limitaons by providing reconciliaons of these non-GAAP financial measures to the most comparable GAAP measures. We encourage investors and others to review our business, results of operaons, and financial informaon in its enrety, not to rely on any single financial measure, and to view these non-GAAP financial measures in conjuncon with the most directly comparable GAAP financial measures. This presentaon may contain stascal data, esmates, and forecasts that are based on independent industry publicaons or other publicly available informaon, as well as other informaon based on our internal sources. This informaon involves many assumpons and limitaons, and you are cauoned not to give undue weight to these esmates. We have not independently verified the accuracy or completeness of the data contained in these industry publicaons and other publicly available informaon. Accordingly, we make no representaons as to the accuracy or completeness of that data nor do we undertake to update such data aer the date of this presentaon. This presentaon may also contain links or references to publicly-available or third-party websites, data, or other informaon. We have not independently verified the accuracy or completeness of such websites, data, or informaon and accordingly we make no representaons as to their accuracy or completeness nor do we undertake to update such data or informaon aer the date of this presentaon. The inclusion of, or references to, links or third-party data or informaon does not constute endorsement or verificaon by Palanr of such websites, data, or informaon. This presentaon may refer to various growth rates when discussing our business. These rates reflect year-over-year comparisons unless otherwise stated. Any non-Palanr logos or trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the platform and products of Palanr. The appearance of any U.S. Department of Defense (DoD) visual informaon does not imply or constute DoD endorsements. By aending or receiving this presentaon you acknowledge that you will be solely responsible for your own assessment of the market and our market posion and that you will conduct your own analysis and be solely responsible for forming your own view of such informaon, including the potenal future performance of our business. Copyright © 2025 Palanr Technologies Inc. ("Palanr").

• 3. Source: S&P Capital IQ / Screen Criteria → Company Type: Public Company / Industry Classificaon: Enterprise Soware / Total LTM Revenue: Greater than $1 billion / Informaon as of August 3, 2025 Chart reflects data available as of August 3, 2025 from publicly traded companies worldwide that are classified in the “Enterprise Soware” industry by the S&P Capital IQ platform and that generated greater than $1 billion in revenue in the last twelve months of each respecve company’s most recently reported 12-month period. To enable comparability across companies in this presentaon, Rule of 40 refers to the sum of a company’s revenue growth rate year-over-year and its adjusted operang margin. For the purposes of our Rule of 40 calculaons, adjusted operang margin for companies besides Palanr reflects reported total operang expenses adjusted for stock-based compensaon. Our definion of adjusted operang margin reflects reported total operang expenses adjusted for stock-based compensaon and related employer payroll taxes. Other companies may calculate or report a dierent Rule of 40 score, including based on other profitability or liquidity metrics. As our definions may dier from that used by other companies, comparability may be limited. Q2 Business Update © 2025 Palanr Technologies Inc. Adjusted Operating Margin (Most Recent Quarter) Y/Y Revenue Growth (Most Recent Quarter) Rule of 40 - Enterprise Soware Companies with >$1B in TTM Revenue DSY: 19% MANH: 39% ADBE: 55% INTU: 69% NICE: 34% INFA: 27% PEGA: 24% FICO: 77% FIVN: 30% PTC: 65% ADSK: 50% SAP: 43% BSY: 45% WDAY: 42% TYL: 33% SGE: 31% DOCU: 35% DT: 42% CSU: 27% PGY: 39% ESTC: 30% ROP: 44% TEMN: 46% TOI: 33% XRO: 46% NTNX: 43% NEM: 53% ACIW: 43% GWRE: 37% PLTR: 94% BILL: 20% ZETA: 47% PCOR: 23% 0% 10% 20% 30% 40% 50% 5% 15% 25% 35% 45% 55% 65% 75% 85% KVYO: 38% RULE OF 80 FRONTIER RULE OF 40 FRONTIER SNPS: 46%

• 4. Q2 Business Update © 2025 Palanr Technologies Inc. Rule of 40 - Top 25 Market Cap Companies Globally Adjusted Operating Margin (Most Recent Quarter) Y/Y Revenue Growth (Most Recent Quarter) Source: S&P Capital IQ / Top 25 companies by market capitalizaon, excluding ETFs / Informaon as of August 3, 2025 Chart reflects data available on S&P Capital IQ as of August 3, 2025 from the top 25 publicly traded companies by market capitalizaon worldwide. For the purposes of our Rule of 40 calculaons, adjusted operang margin for companies besides Palanr reflects reported total operang expenses adjusted for stock-based compensaon. Our definion of adjusted operang margin reflects reported total operang expenses adjusted for stock-based compensaon and related employer payroll taxes. Other companies may calculate or report a dierent Rule of 40 score, including based on other profitability or liquidity metrics. As our definions may dier from that used by other companies, comparability may be limited. AMZN: 29% HD: 23% PG: 23% JNJ: 35% COST: 12% WMT: 7% XOM: -1% TSLA: -5% JPM: 33% SAUDI ARABIAN OIL: 43% MSFT: 67% MA: 77% V: 83% META: 75% NFLX: 51% AVGO: 72% AAPL: 43% ORCL: 52% GOOGL: 52% NVDA: 122% PLTR: 94% TSM: 88% LLY: 89% 0% -15% -5% 5% 15% 25% 35% 45% 55% 65% 75% 85% 10% 20% 30% 40% 50% 60% 70% 80% BRK.A:21% RULE OF 80 FRONTIER RULE OF 40 FRONTIER TENCENT: 53%

• 5. Adjusted free cash flow of $569 million; 57% margin Q2 Business Update © 2025 Palanr Technologies Inc. Q2 2025 Highlights The term “Strategic Commercial Contracts” is as defined in our Quarterly Report on Form 10-Q filed on May 6, 2025. The value of deals closed reflects the total contract value of contracts that have been entered into with, or awarded by, our government and commercial customers and includes exisng contractual obligaons and unexercised contract opons available to those customers. Adjusted free cash flow and adjusted free cash flow margin exclude employer payroll taxes related to stock-based compensaon and purchases of property and equipment. Adjusted operang income excludes stock-based compensaon expense and related employer payroll taxes. Total contract value (“TCV”) is the total potenal lifeme value of contracts entered into with, or awarded by, our customers at the me of contract execuon and remaining deal value (“RDV”) is the total remaining value of contracts as of the end of the reporng period. Except as noted below, TCV and RDV each presume the exercise of all contract opons available to our customers and no terminaon of contracts. However, the majority of our contracts are subject to terminaon provisions, including for convenience, and there can be no guarantee that contracts are not terminated or that contract opons will be exercised. Further, RDV may exclude all or some poron of the value of certain commercial contracts as a result of our ongoing assessments of customers’ financial condion, including the consideraon of such customers’ ability and intenon to pay, and whether such contracts connue to meet the criteria for revenue recognion, among other factors. Adjusted EPS excludes stock-based compensaon expense, related employer payroll taxes, and income tax eects and adjustments. Please see the appendix for reconciliaons of these and other non-GAAP financial measures to the most directly comparable GAAP measures. US commercial revenue grew +93% Y/Y and +20% Q/Q to $306 million US revenue grew +68% Y/Y and +17% Q/Q to $733 million US commercial remaining deal value (“RDV”) grew +145% Y/Y and +20% Q/Q to $2.8 billion Adjusted operang income of $464 million; 46% margin US government revenue grew +53% Y/Y and +14% Q/Q to $426 million Closed 157 deals of at least $1 million, 66 deals of at least $5 million, and 42 deals of at least $10 million Revenue grew +48% Y/Y and +14% Q/Q to $1.004 billion; +49% Y/Y and +14% Q/Q excluding Strategic Commercial Contracts Highest ever quarter of US commercial total contract value (“TCV”) of $843 million; +222%Y/Y Highest ever quarter of TCV of $2.3 billion; +140% Y/Y Adjusted EPS of $0.16 Rule of 40 score of 94%

• 6. © 2025 Palanr Technologies Inc. Q2 Business Update Transforming Healthcare Operations with AI-Powered Insights TeleTracking is using AIP to deliver a next-generaon soluon for hospitals that will opmize stang workflows, accelerate decisions, and put paents at the center of every acon. Learn more

• 7. © 2025 Palanr Technologies Inc. Q2 Business Update Fannie Mae uses AIP to accelerate mortgage fraud detection from months to seconds. Learn more “This new partnership will combat mortgage fraud, helping to safeguard the US mortgage market for lenders, homebuyers, and taxpayers.” PRISCILLA ALMODOVAR, PRESIDENT & CEO

• 8. © 2025 Palanr Technologies Inc. Q2 Business Update At AIPCon 7, our customers showed how they are using Palantir to leverage AI at scale. Land O’Frost partnered with Palanr to revoluonize producon planning. “[Producon schedules] used to take us about 40 hours to put together. This can now be done in 30 minutes.” KELLI HOWARD VICE PRESIDENT OF SUPPLY CHAIN LAND O’FROST The State Department uses Palanr to help safeguard the well-being of America’s diplomac community. “We put the first applicaon into producon in 3 months, reducing the me it takes to clear candidates to the foreign service from 60 days down to 12.” ALAN LEWIS IT DIRECTOR AT THE BUREAU OF MEDICAL SERVICES US DEPARTMENT OF STATE

• 9. © 2025 Palanr Technologies Inc. Q2 Business Update “We set the bale cry of ‘must go faster,’ and boy, have we. In fact, we’ve been using the term ‘a Palanr unit of me’—and that represents when we’re driving value in less than an hour.” DR. MICHAEL ASH, PRESIDENT & COO Speed → Value DISCHARGE LOUNGE TRANSFERS BACK OR PACU/PPU STAFFING BED BOARD STAFFING REPORTING CLINICALS FOR PRIOR AUTH CMS INPATIENT ONLY UM APPEALS OR OPTIMIZATION APPEALS 2,000+% increase in discharge lounge ulizaon 99% approval rate on AI-driven packet generaon 1,061 procedures flagged to prevent downstream denials 1,100%+ eciency gain— reducing leer me from 80 to 7 minutes 3,000+ minutes less error per week in case length predicons if all predicons were used 10,000+ appeals sent in under one year saving 2,000+ hours and improving overturn rate by 5% 30-minutes saved for PACU nurse leads each day with automated views 2 hours saved per shi by removing manual bed board updates 2+ days saved in generang stang reports upon state visits 50% increase in paents transferred back month over month

• 10. © 2025 Palanr Technologies Inc. Q2 Business Update Palantir and TWG Global are partnering to revolutionize AI adoption in the financial services industry. By uning TWG’s deep industry experse and Palanr's world-class soware, our joint venture empowers banks to thrive in today’s complex global market. Learn more

• 11. © 2025 Palanr Technologies Inc. Q2 Business Update At DevCon 3, we unveiled new AIP tools that will enable our customers to reach breakthroughs faster than ever. AI FDE Amplify your development work by using AI labor to create funcons, edit your ontology, and build enre applicaons. AI Workbench Develop, debug, and monitor your automaon workflows with an AI-driven workbench. Ontology-as-Code Bring the power of the Ontology to your favorite IDEs, tools, and agenc workflows. INCLUDING Watch the Videos

• 12. Financials Q2 2025 ©2025 Palanr Technologies Inc.

• 13. US commercial connues to accelerate in Q2 2025 alongside AIP revoluon Q2 Financials 2x Y/Y US Commercial Deals Closed of $1M or Greater 5x Y/Y US Commercial Deals Closed of $5M or Greater US Commercial Total Contract Value $843M US Commercial Total Contract Value +222% Y/Y +93% Y/Y US Commercial Revenue +20% Q/Q US Commercial Revenue +64% Y/Y US Commercial Customer Count +12% Q/Q US Commercial Customer Count +145% Y/Y US Commercial Remaining Deal Value +20% Q/Q US Commercial Remaining Deal Value © 2025 Palanr Technologies Inc. We define a customer as an organizaon from which we have recognized revenue during the trailing twelve months period.

• 14. Our Q2 2025 GAAP earnings per share was $0.13. Q2 Financials $50.0M $100.0M $150.0M $200.0M $350.0M $300.0M $250.0M $—M Q2 2025 GAAP Net Income Net income when excluding one-me SAR-related expenses excludes the one-me accelerated stock-based compensaon expense, employer payroll taxes, and income tax eects and adjustments related to our Market-Vesng © 2025 Palanr Technologies Inc. SARs. The term “Market-Vesng SARs” is as defined in our Annual Report on Form 10-K filed on February 18, 2025. $134.1M $79.0M $143.5M Net income when excluding one-time SAR-related expenses $164.7M $214.0M $326.7M Q2 2024 Q3 2024 Q4 2024 Q1 2025

• 15. Our Q2 2025 GAAP operang margin was 27%. Q2 Financials $—M GAAP Operang Income $50.0M $100.0M $150.0M $200.0M $300.0M $250.0M Operang income when excluding one-me SAR-related expenses excludes the one-me accelerated © 2025 Palanr Technologies Inc. stock-based compensaon expense and employer payroll taxes related to our Market-Vesng SARs. $105.3M $11.0M $113.1M $142.3M $176.0M $269.3M Operating income when excluding one-time SAR-related expenses Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025

• 16. Q2 Financials Rule of 40 60% 50% 40% Q1 2025 Q2 2025 70% 80% 100% 90% // © 2025 Palanr Technologies Inc. Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 46% 54% 57% 64% 68% 81% 83% 94%

• 17. Q2 Financials Q2 2024 Q2 2025 US Revenue Growth $300M $200M $100M $733M $437M +68% $400M $500M $800M $700M $600M US revenue grew 68% Y/Y and 17% Q/Q, driven by acceleraon in US commercial and US government. © 2025 Palanr Technologies Inc. $—M

• 18. US Government Revenue Growth $426M $278M +53% Q2 2024 Q2 2025 $200M $350M $300M $250M $150M $100M $50M US Commercial Revenue Growth Q2 2024 Q2 2025 $306M $159M +93% Q2 Financials © 2025 Palanr Technologies Inc. $300M $250M $450M $400M $350M $200M $150M $100M $50M

• 19. Commercial Revenue Growth Q2 2024 Q2 2025 $451M $307M +47% Q2 Financials $600M $500M $400M $300M $200M Government Revenue Growth $553M $371M +49% Q2 2024 Q2 2025 $300M $200M $400M $500M $100M $100M © 2025 Palanr Technologies Inc.

• 20. Q2 Financials Q2 2024 Q2 2025 Total Revenue Growth $1,004M $678M +48% Total revenue grew 48% Y/Y and 14% Q/Q, driven by the connued acceleraon of our US business. © 2025 Palanr Technologies Inc. $600M $800M $200M $400M $1,000M $1,200M

• 21. Q2 Financials Total revenue excluding strategic commercial contracts grew 49% Y/Y and 14% Q/Q. Q2 2024 Q2 2025 Total Revenue Growth excl. Strategic Commercial Contracts $600M $800M $200M $400M $999M $669M +49% $1,000M $1,200M © 2025 Palanr Technologies Inc.

• 22. Q2 Financials We connue to invest aggressively in AIP and the US while driving operang leverage at scale. Q2 2025 adjusted operang income was $464M, represenng a margin of 46%. © 2025 Palanr Technologies Inc. $300M $500M $450M $400M $350M $250M $200M $100M $150M $50M Q2 2025 $391M 44% MARGIN $—M Q2 2024 Q3 2024 Q4 2024 Q1 2025 $254M 37% MARGIN $276M $373M 38% MARGIN 45% MARGIN $464M 46% MARGIN

• 23. Q2 Financials US Commercial Customer Count 300 500 400 200 100 485 TTM ENDED JUN 30, 2025 © 2025 Palanr Technologies Inc. +64% Y/Y 432 +12% TTM ENDED MAR 31, 2025 TTM ENDED JUN 30, 2024 295 321 382 +9% +19% TTM ENDED SEP 30, 2024 TTM ENDED DEC 31, 2024 +13%

• 24. We connue to invest aggressively in AIP and the US while driving operang leverage at scale. Q2 Financials © 2025 Palanr Technologies Inc. Q2 Financials Customer Count 849 TTM ENDED JUN 30, 2025 500 300 400 600 900 800 700 200 100 © 2025 Palanr Technologies Inc. +10% +43% Y/Y 769 TTM ENDED MAR 31, 2025 593 629 711 TTM ENDED JUN 30, 2024 TTM ENDED SEP 30, 2024 TTM ENDED DEC 31, 2024 +6% +13% +8% Commercial Customer Count 692 800 700 600 500 200 300 400 100 TTM ENDED JUN 30, 2025 +11% +48% Y/Y 622 TTM ENDED MAR 31, 2025 467 498 571 +7% +15% +9% TTM ENDED JUN 30, 2024 TTM ENDED SEP 30, 2024 TTM ENDED DEC 31, 2024

• 25. During Q2 2025, we closed of at least $1 million. 157 deals 66 of which were at least $5 million. 42 of which were at least $10 million. Q2 Financials © 2025 Palanr Technologies Inc.

• 26. We ended Q2 2025 with in cash, cash equivalents, and US Treasury securies and no debt. Q2 Financials $6.0B $100M $200M $300M $600M $500M $400M Cash from Operaons and Adjusted Free Cash Flow CASH FROM OPERATIONS ADJUSTED FREE CASH FLOW $539M $144M 54% MARGIN 21% MARGIN 22% MARGIN 57% MARGIN $569M $149M Q2 2024 Q2 2025 Q2 2024 Q2 2025 $—M © 2025 Palanr Technologies Inc.

• 27. Q3 2025 Adjusted income from operaons of between $493 million — $497 million. GAAP operang income and net income in each quarter of this year. Revenue of between $1.083 billion — $1.087 billion. For third quarter 2025, we expect: For full year 2025, we expect: FY 2025 Adjusted income from operaons of between $1.912 billion — $1.920 billion. Adjusted free cash flow of between $1.8 billion — $2.0 billion. Revenue of between $4.142 billion — $4.150 billion. US commercial revenue in excess of $1.302 billion, represenng a growth rate of at least 85%. Q2 Financials © 2025 Palanr Technologies Inc.

• 28. Appendix Q2 2025 ©2025 Palanr Technologies Inc.

• 29. Additional Metrics and Notes ($ MILLIONS) ($ BILLIONS) Long-Term RPO Total RPO Net dollar retention was 128% in Q2 2025. Billings Short-Term RPO $ $ Appendix Net dollar retenon is calculated as (a) revenue for the trailing twelve months as of each period aributable to the customers as counted for the prior trailing twelve months divided by (b) revenue for the prior trailing twelve months recognized from those same customers. Remaining performance obligaons (“RPO”) reflects the values of contracts that have been entered into with, or awarded by, our government and commercial customers and represents non-cancelable contracted revenue that has not yet been recognized, which includes deferred revenue and, in certain instances, amounts that will be invoiced. We have elected the praccal expedient, as permied under Accounng Standards Codificaon 606—Revenue from Contracts with Customers, to not disclose remaining performance obligaons for contracts with original terms of twelve months or less. Q2 2025 1.40 2.42 1,102 1.02 © 2025 Palanr Technologies Inc. $ $ Q1 2025 1.00 1.90 905 0.90 $ $ $ $ $ $ Q2 2024 0.68 1.37 718 0.69 Q3 2024 0.84 1.57 823 0.73 Q4 2024 0.90 1.73 779 0.83

• 30. © 2025 Palanr Technologies Inc. Revenue Excluding Strategic Commercial Contracts ($ THOUSANDS) Revenue Revenue Excluding Strategic Commercial Contracts Q2 2025 $ 1,003,697 5,091 $ 998,606 Q1 2025 $ 883,855 5,147 $ 878,708 Q2 2024 $ 678,134 9,179 $ 668,955 Revenue from Strategic Commercial Contracts Less: Appendix © 2025 Palanr Technologies Inc.

• 31. Reconciliation of Rule of 40 Year-Over-Year Revenue Growth Adjusted Operating Margin Rule of 40 Q2 2025 48% 46% 94% Q1 2024 21% 36% 57% Q2 2024 27% 37% 64% Q3 2024 30% 38% 68% Q4 2024 36% 45% 81% Q1 2025 39% 44% 83% Q4 2023 20% 34% 54% Q3 2023 17% 29% 46% Appendix © 2025 Palanr Technologies Inc.

• 32. Reconciliation of Cash Flow from Operating Activities to Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin Adjusted free cash flow margin is calculated as adjusted free cash flow divided by revenue Cash Flow from Operating Activities Cash Paid for Employer Payroll Taxes Related to Stock-Based Compensation Add: Adjusted Free Cash Flow Adjusted Free Cash Flow Margin Cash Used to Purchase Property and Equipment Less: ($ THOUSANDS) Appendix $ 144,187 7,352 (2,879) 22% $ 148,660 Q2 2024 $ 539,251 37,152 (7,634) 57% $ 568,769 Q2 2025 © 2025 Palanr Technologies Inc.

• 33. Reconciliation of Gross Profit to Adjusted Gross Profit & Adjusted Gross Margin Excluding Stock-Based Compensation Adjusted gross margin is calculated as adjusted gross profit divided by revenue Gross Profit Stock-Based Compensation Add: Adjusted Gross Profit Adjusted Gross Margin Q2 2025 $ 810,763 14,973 82% $ 825,736 ($ THOUSANDS) Appendix © 2025 Palanr Technologies Inc.

• 34. Reconciliation of Income from Operations to Adjusted Operating Income and Adjusted Operating Margin Excluding Stock-Based Compensation and Related Employer Payroll Taxes ($ THOUSANDS) Income From Operations Stock-Based Compensation Add: Adjusted Operating Income Adjusted Operating Margin Employer Payroll Taxes Related to Stock-Based Compensation Appendix Q2 2025 $ 269,317 159,971 46% $ 464,385 35,097 © 2025 Palanr Technologies Inc. Q1 2025 $ 176,048 155,339 44% $ 390,710 59,323 Q3 2024 $ 113,140 142,425 38% $ 275,515 19,950 Q2 2024 $ 105,339 141,764 37% $ 253,567 6,464 Q4 2024 $ 11,043 281,798 45% $ 372,522 79,681

• 35. Appendix Reconciliation of Income from Operations to Operating Income When Excluding One-Time SAR-Related Expenses ($ THOUSANDS) Income From Operations Accelerated Stock-Based Compensation Expense Related to Market-Vesting SARs Add: Operating Income When Excluding One-Time SAR-Related Expenses Employer Payroll Taxes Related to Market-Vesting SARs Q4 2024 $ 11,043 115,776 $ 142,347 15,528 © 2025 Palanr Technologies Inc.

• 36. Appendix Reconciliation of GAAP Net Income to Net Income When Excluding One-Time SAR-Related Expenses (AMOUNTS IN THOUSANDS) Net Income Attributable to Common Stockholders Accelerated Stock-Based Compensation Expense Related to Market-Vesting SARs Net Income When Excluding One-Time SAR-Related Expenses Employer Payroll Taxes Related to Market-Vesting SARs Income Tax Effects and Adjustments Related to Market-Vesting SARs [1] Q4 2024 $ 79,009 115,776 $ 164,714 15,528 (45,599) Add / (Less): [1] Income tax eect is based on an esmated long-term annual eecve tax rate of 23.0% for the period ended 2024. The Company’s esmated long-term annual eecve tax rate excludes certain noncash items, such © 2025 Palanr Technologies Inc. as stock-based compensaon, and is used in order to provide consistency across periods by eliminang the eects of certain items, such as changes in the tax valuaon allowance.

• 37. Reconciliation of GAAP Earnings Per Share, Diluted to Adjusted Earnings Per Share, Diluted (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Net Income Attributable to Common Stockholders Stock-Based Compensation Add / (Less): Employer Payroll Taxes Related to Stock-Based Compensation Income Tax Effects and Adjustments [1] Adjusted Net Income Attributable to Common Stockholders, Diluted Weighted-Average Shares Used in Computing Adjusted Earnings Per Share, Diluted Adjusted Earnings Per Share, Diluted Q2 2025 $ 326,727 159,971 35,097 (117,244) $ 404,551 2,562,912 $ 0.16 Appendix [1] Income tax eect is based on an esmated long-term annual eecve tax rate of 23.0% for each of the periods presented. The Company’s esmated long-term annual eecve tax rate excludes certain © 2025 Palanr Technologies Inc. noncash items, such as stock-based compensaon, and is used in order to provide consistency across periods by eliminang the eects of certain items, such as changes in the tax valuaon allowance.

• 38. Reconciliation of Revenue to Billings ($ THOUSANDS) Revenue Change in Contract Liabilities Billings Appendix Q2 2025 $ 1,003,697 98,439 $ 1,102,136 © 2025 Palanr Technologies Inc. Q1 2025 $ 883,855 21,044 $ 904,899 Q4 2024 $ 827,519 (48,636) $ 778,883 Q3 2024 $ 725,516 97,924 $ 823,440 Q2 2024 $ 678,134 39,934 $ 718,068

• 39. Reconciliation of Cost of Revenue and Total Operating Expenses to Adjusted Expenses ($ THOUSANDS) Total Expenses Adjusted Expenses Q2 2024 $ 572,795 141,764 $ 424,567 6,464 Q2 2025 $ 734,380 159,971 $ 539,312 35,097 Q1 2025 $ 707,807 155,339 $ 493,145 59,323 Stock-Based Compensation Less: Employer Payroll Taxes Related to Stock-Based Compensation Appendix © 2025 Palanr Technologies Inc.