As of Q4'25, Palantir's Cash & Short-term Investments reached 7.18B USD, while Debt stood at 229M USD. This marks the highest cash position in the observed period, with debt levels remaining relatively low and stable. From Q1'23 to Q4'25, the chart shows a strong and consistent upward trend in cash holdings, rising from 2.90B USD to 7.18B USD. In contrast, debt levels have remained stable, fluctuating slightly but staying within a narrow range around 230M–260M USD. This indicates a significant strengthening of the company's liquidity position over the nearly three-year period, with no notable increases in leverage.