PLTR
Burry’s latest poke
Michael Burry says Palantir’s accounting smells less like slick software and more like old-school services revenue. His gripe? Accounts receivable jumped to $1.49 billion at the end of June from $1.04 billion at the end of 2025, which is the kind of number that makes investors squint and ask, “Wait, who’s paying late?”
Why investors care
For a company that trades like it’s the cool kid in the AI lunchroom, this isn’t just bookkeeping theater. If the market starts wondering whether Palantir is more of a consulting machine than a pure software compounder, that can put a dent in the story—and the valuation premium that comes with it.
The Burry effect
Burry’s name still carries Wall Street gravity because he’s made a career out of spotting bubbles people were too busy hugging to notice. So even when his critique is more about accounting nuance than a formal accusation, the headline can stir the pot, especially in a stock as opinionated as PLTR.
Big picture
This is less about one line item and more about the narrative battle: software multiple vs. services-style reality. If you own PLTR, the question isn’t just “is growth strong?” It’s also “is the market paying up for the right story?”