Palantir hit $7.7B ARR growing 93% with a 155% Rule of 40, and it's the strongest anti-seat-compression data point available.

Q2 2026 revenue of $1.935B, up 93% YoY, U.S. commercial up 149% to $764M (SaaStr). Customer count grew 6% sequentially while revenue grew 28%, meaning nearly all growth is expansion inside 1,049 existing accounts averaging ~$7.4M each, with 73 deals over $10M and $13.1B in remaining deal value. AIP sells delivered outcomes via boot-camp engagements, not seats. One Silicon Valley company converted to a $10M ACV contract after a bake-off against frontier labs. If your pricing model is per-seat and you're watching seats compress, this is the counter-model.