PLTR · Forward model · International government
What has to happen in International government
Model as of
This page changes International government inside the complete PLTR model. Every other vertical, corporate programme and valuation assumption stays in the selected portfolio case.
Shares this vertical and portfolio case. Slider and horizon edits stay in your browser.
International government
The smallest box and the fastest-growing of the two international lines: $181M, up 42% year-over-year and 5% sequentially. Sovereign-AI and defence budgets outside the United States — NATO members, allied intelligence and civil agencies — rather than the bootcamp-to-production motion that drives U.S. commercial. It runs on the same termination-for-convenience terms as the U.S. government book, so it is equally absent from RPO, and at roughly 9% of consolidated revenue it cannot change the answer on its own.
Latest: $346M (2031Q2E)
| Period | Value |
|---|---|
| 2024Q3 | $88M |
| 2024Q4 | $112M |
| 2025Q1 | $114M |
| 2025Q2 | $127M |
| 2025Q3 | $147M |
| 2025Q4 | $160M |
| 2026Q1 | $171M |
| 2026Q2 | $181M |
| 2026Q3E | $190M |
| 2026Q4E | $199M |
| 2027Q1E | $207M |
| 2027Q2E | $216M |
| 2027Q3E | $224M |
| 2027Q4E | $232M |
| 2028Q1E | $240M |
| 2028Q2E | $248M |
| 2028Q3E | $256M |
| 2028Q4E | $264M |
| 2029Q1E | $272M |
| 2029Q2E | $280M |
| 2029Q3E | $288M |
| 2029Q4E | $296M |
| 2030Q1E | $304M |
| 2030Q2E | $312M |
| 2030Q3E | $320M |
| 2030Q4E | $329M |
| 2031Q1E | $338M |
| 2031Q2E | $346M |
Assumptions & reasoning
- Forty-two percent year-over-year, faster than international commercial, and driven by sovereign-AI and allied defence budgets rather than by any AIP bootcamp conversion motion.
- Same residual method as international commercial, and the same absence of a volume unit; no agency counts are published for any geography, so this line is a growth rate by necessity.
- At $181M a quarter this is roughly 9% of consolidated revenue. Even a doubling or a halving moves the fair value by less than the choice of exit multiple does.
- Like the U.S. government box, these contracts are largely terminable for convenience, so this revenue is effectively absent from the $4.9B of remaining performance obligations.