Palantir had a whopper of a Q4, showing accelerating revenue growth, beating Wall Street's profit estimates, and enjoying a share price jump of as much as 11% during pre-market trading on Tuesday before coming back down to earth.

As it announced its booming financial results, Palantir was prepared. CEO Alex Karp told CNBC: "If you are critical of ICE, you should be out there protesting for more Palantir. Our product, actually, in its core, requires people to conform with Fourth Amendment data protection."

The actual numbers were strong, as Palantir reported Q4 revenue of $1.41 billion, up 70 percent year-on-year. Revenue for calendar 2025 grew 56 percent to hit $4.475 billion. Underlying operating profit for the quarter more than doubled to $798 million.

"From the beginning, we have stuck to our very strong values of expanding what we believe is the noble side of the West ... meaning domestic institutions, intelligence institutions [are] essentially taking an incatenation of the Fourth Amendment, which is completely represented by our pipelining, Foundry, and impregnating institutions with it so that every institution that uses our product is doing it within conformity of the law and the ethics of America," he said.

In a letter prepared for investors, Karp had already laid out these arguments. "It should indeed be uncontroversial that the single most effective means of guarding against incursions into our private lives is to invest in the development of a technical platform that makes possible constraints on government action and investigation through granular permissioning capabilities, to ensure that the state and its agents can see only what ought to be seen, and functional audit logs, to ensnare both external and internal threats."