Palantir is a consulting company that has somehow convinced the world they exist in the same universe as standard high-margin tech companies, like Away luggage. The only differences between Palantir and, say, Booz Allen Hamilton that I can see are that 1) Palantir hires more engineers and 2) Booz has 7x the revenue and actually turns a profit.
I'll start by saying I am not invested in Palantir, and they are not my investment tastes, but I don't think you are looking at important numbers.
Booz Allen has a growth rate of about 10%. Palantir grew by 24% in 2018 and yoy 45% (might come in at 60%) (Forbes). Some say that the growth rate may be because of covid (I dont know that's a bad thing), but it is fair if you are in that camp. However, looking at just the current revenue and ignoring growth seems like you are ignoring the important parts of the picture
I think to compare them, you need to break out consulting revenue from professional services from their licensing from their managed hosting (or whatever they call their cloud managed instances PaaS stuff).
I used to work for a company that had dual streams and it was important to track the difference between license revenue and professional services because they are totally different with different growth rates.
Consulting will have a pretty limited growth rate because at the end of the day they are just selling people.
Software, of course, has the potential for exponential growth.