Palantir Technologies Inc. (PLTR) 10-Year Financial Performance & Capital Metrics

PLTR • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics

AboutPalantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.Show more

Revenue $2.87B +28.8%
EBITDA $342M +123.1%
Net Income $462M +120.3%
EPS (Diluted) 0.19 +108.1%
Gross Margin 80.25% -0.5%
EBITDA Margin 11.93% +73.2%
Operating Margin 10.83% +100.9%
Net Margin 16.13% +71.0%
ROE 10.68% +57.9%
ROIC 7.52% +35.9%
Debt/Equity 0.05 -27.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 39.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 31.0%

✗Weaknesses

✗Weak 3Y average ROE of 0.8%
✗Expensive at 86.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y31.01%

3Y22.95%

TTM47.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM129.84%

EPS CAGR

10Y-

5Y-

3Y-

TTM120.14%

ROCE

10Y Avg-32.47%

5Y Avg-18.52%

3Y Avg1.5%

Latest6.81%

Peer Comparison

AI-Powered Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	408.8B	178.96	941.89	28.79%	28.11%	16.38%	0.28%	0.05
CCCCCC Intelligent Solutions Holdings Inc.	5.25B	8.19	201.23	9.05%	-0.28%	-0.13%	4.4%	0.42
ODDOddity Tech Ltd.	1.55B	33.81	20.37	27.2%	14.11%	28.94%	8.36%	0.08
MLGOMicroAlgo Inc.	58.21M	5.32	9.67	-9.22%	11.11%	2.12%	6.99%	0.16
STEMStem, Inc.	158.41M	18.88	-0.18	-68.67%	62.2%	-59.21%
MSAIMultiSensor AI Holdings, Inc.	25.16M	0.31	-0.29	36.32%	-223.26%	-150.02%		0.03
WRDWeRide Inc.	2.86B	8.81	-0.96	-10.13%	-6.97%	-125.4%		0.02
AISPAirship AI Holdings, Inc.	107.31M	3.14	-1.65	87.4%	-364.1%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	595.41M	742.55M	1.09B	1.54B	1.91B	2.23B	2.87B
Revenue Growth %	-	0.25%	0.47%	0.41%	0.24%	0.17%	0.29%
Cost of Goods Sold+	165.4M	242.37M	352.55M	339.4M	408.55M	431.11M	565.99M
COGS % of Revenue	0.28%	0.33%	0.32%	0.22%	0.21%	0.19%	0.2%
Gross Profit+	430.01M	500.18M	740.13M	1.2B	1.5B	1.79B	2.3B
Gross Margin %	0.72%	0.67%	0.68%	0.78%	0.79%	0.81%	0.8%
Gross Profit Growth %	-	0.16%	0.48%	0.62%	0.25%	0.2%	0.28%
Operating Expenses+	1.05B	1.08B	1.91B	1.61B	1.66B	1.67B	1.99B
OpEx % of Revenue	1.77%	1.45%	1.75%	1.05%	0.87%	0.75%	0.69%
Selling, General & Admin	768M	771.06M	1.35B	1.23B	1.3B	1.27B	1.48B
SG&A % of Revenue	1.29%	1.04%	1.24%	0.8%	0.68%	0.57%	0.52%
Research & Development	285.45M	305.56M	560.66M	387.49M	359.68M	404.62M	507.88M
R&D % of Revenue	0.48%	0.41%	0.51%	0.25%	0.19%	0.18%	0.18%
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income+	-623.44M	-576.44M	-1.17B	-411.05M	-161.2M	119.97M	310.4M
Operating Margin %	-1.05%	-0.78%	-1.07%	-0.27%	-0.08%	0.05%	0.11%
Operating Income Growth %	-	0.08%	-1.04%	0.65%	0.61%	1.74%	1.59%
EBITDA+	-609.53M	-564.19M	-1.16B	-396.15M	-138.68M	153.32M	341.99M
EBITDA Margin %	-1.02%	-0.76%	-1.06%	-0.26%	-0.07%	0.07%	0.12%
EBITDA Growth %	-	0.07%	-1.06%	0.66%	0.65%	2.11%	1.23%
D&A (Non-Cash Add-back)	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M
EBIT	-567.49M	-564.21M	-1.16B	-484.85M	-161.2M	119.97M	310.4M
Net Interest Income+	7.06M	12.03M	-9.46M	-2.03M	16.25M	129.1M	196.79M
Interest Income	10.5M	15.09M	4.68M	1.61M	20.31M	132.57M	196.79M
Interest Expense	3.44M	3.06M	14.14M	3.64M	4.06M	3.47M	0
Other Income/Expense	52.52M	9.17M	-5.35M	-77.45M	-199.83M	117.13M	178.77M
Pretax Income+	-570.92M	-567.27M	-1.18B	-488.49M	-361.03M	237.09M	489.17M
Pretax Margin %	-0.96%	-0.76%	-1.08%	-0.32%	-0.19%	0.11%	0.17%
Income Tax+	9.1M	12.38M	-12.64M	31.89M	10.07M	19.72M	21.25M
Effective Tax Rate %	1.02%	1.02%	0.99%	1.07%	1.04%	0.88%	0.94%
Net Income+	-580.03M	-579.65M	-1.17B	-520.38M	-373.7M	209.82M	462.19M
Net Margin %	-0.97%	-0.78%	-1.07%	-0.34%	-0.2%	0.09%	0.16%
Net Income Growth %	-	0%	-1.01%	0.55%	0.28%	1.56%	1.2%
Net Income (Continuing)	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M
EPS (Diluted)+	-0.89	-0.82	-1.20	-0.27	-0.18	0.09	0.19
EPS Growth %	-	0.08%	-0.46%	0.78%	0.33%	1.51%	1.08%
EPS (Basic)	-0.84	-0.82	-1.19	-0.27	-0.18	0.10	0.21
Diluted Shares Outstanding	716.03M	716.03M	979.33M	1.92B	2.06B	2.3B	2.45B
Basic Shares Outstanding	713.88M	713.88M	977.72M	1.92B	2.06B	2.15B	2.25B
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.22B	1.21B	2.26B	2.86B	3.04B	4.14B	5.93B
Cash & Short-Term Investments	1.12B	1.08B	2.01B	2.52B	2.63B	3.67B	5.23B
Cash Only	1.12B	1.08B	2.01B	2.29B	2.6B	831.05M	2.1B
Short-Term Investments	0	0	0	234.15M	35.13M	2.84B	3.13B
Accounts Receivable	19.19M	50.31M	156.93M	190.92M	258.35M	364.78M	575.05M
Days Sales Outstanding	11.76	24.73	52.42	45.2	49.48	59.84	73.25
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	10.48M	52.1M	37.28M	36.63M	149.56M	99.66M	129.25M
Total Non-Current Assets+	210.89M	379.87M	433.07M	384.2M	419.66M	383.81M	406.6M
Property, Plant & Equipment	30.03M	31.59M	246.62M	248.2M	269.41M	230.62M	240.38M
Fixed Asset Turnover	19.82x	23.51x	4.43x	6.21x	7.07x	9.65x	11.92x
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Long-Term Investments	17.5M	26.14M	79.54M	0	0	0	0
Other Non-Current Assets	163.35M	322.14M	106.92M	136M	150.25M	153.19M	166.22M
Total Assets+	1.43B	1.59B	2.69B	3.25B	3.46B	4.52B	6.34B
Asset Turnover	0.42x	0.47x	0.41x	0.47x	0.55x	0.49x	0.45x
Asset Growth %	-	0.11%	0.69%	0.21%	0.07%	0.31%	0.4%
Total Current Liabilities+	531.9M	728.6M	603.82M	660.06M	587.94M	746.02M	996.02M
Accounts Payable	27.4M	51.73M	16.36M	74.91M	44.79M	12.12M	103K
Days Payables Outstanding	60.46	77.91	16.94	80.56	40.01	10.26	0.07
Short-Term Debt	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0	0	0	0
Current Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x
Quick Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.65B	2.85B	564.13M	296.36M	230.86M	215.44M	250.46M
Long-Term Debt	0	396.06M	197.98M	0	0	0	0
Capital Lease Obligations	0	0	229.8M	220.15M	204.31M	175.22M	195.23M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.37B	2.21B	4.32M	2.3M	12.65M	10.7M	13.69M
Total Liabilities	3.18B	3.57B	1.17B	956.42M	818.8M	961.46M	1.25B
Total Debt+	0	396.06M	456.86M	260.07M	249.4M	229.39M	239.22M
Net Debt	-1.12B	-683.09M	-1.55B	-2.03B	-2.35B	-601.65M	-1.86B
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x
Debt / EBITDA	-	-	-	-	-	1.50x	0.70x
Net Debt / EBITDA	-	-	-	-	-	-3.92x	-5.44x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-
Total Equity+	-1.75B	-1.98B	1.52B	2.29B	2.64B	3.56B	5.09B
Equity Growth %	-	-0.13%	1.77%	0.5%	0.15%	0.35%	0.43%
Book Value per Share	-2.45	-2.77	1.55	1.19	1.28	1.55	2.08
Total Shareholders' Equity	-1.75B	-1.98B	1.52B	2.29B	2.57B	3.48B	5B
Common Stock	570K	588K	1.79M	2.03M	2.1M	2.2M	2.34M
Retained Earnings	-3.23B	-3.8B	-4.97B	-5.49B	-5.86B	-5.65B	-5.19B
Treasury Stock	-148.62M	-38.9M	0	0	0	0	0
Accumulated OCI	762K	-703K	-2.75M	-2.35M	-5.33M	801K	-5.61M
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-39.01M	-165.22M	-296.61M	333.85M	223.74M	712.18M	1.15B
Operating CF Margin %	-0.07%	-0.22%	-0.27%	0.22%	0.12%	0.32%	0.4%
Operating CF Growth %	-	-3.23%	-0.8%	2.13%	-0.33%	2.18%	0.62%
Net Income	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M
Depreciation & Amortization	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M
Stock-Based Compensation	248.5M	241.97M	1.27B	778.22M	564.8M	475.9M	691.64M
Deferred Taxes	0	-7.2M	-20.39M	43.32M	-174K	-4.81M	0
Other Non-Cash Items	-23.97M	26.18M	39.33M	109.9M	268.9M	-15.88M	32.82M
Working Capital Changes	302.57M	141.23M	-433.73M	-92.1M	-261.22M	6.24M	-70.1M
Change in Receivables	-10.48M	-23.91M	-108.48M	-35.24M	-72.82M	-106.16M	-211.16M
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	10.97M	23.42M	-34.68M	57.77M	-29.86M	-31.83M	-18.84M
Cash from Investing+	-6.78M	-21.96M	-14.92M	-397.91M	-45.43M	-2.71B	-340.65M
Capital Expenditures	-13M	-13.1M	-12.24M	-12.63M	-40.03M	-15.11M	-12.63M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.01%	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	6.22M	0	250K	-3.87M	73K	51.07M	-5.62M
Cash from Financing+	46.15M	324.53M	1.04B	306.75M	86M	218.84M	463.36M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	13.87M	-58.68M	298.33M	506.75M	86M	218.84M	527.56M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-52.02M	-178.31M	-308.84M	321.22M	183.71M	697.07M	1.14B
FCF Margin %	-0.09%	-0.24%	-0.28%	0.21%	0.1%	0.31%	0.4%
FCF Growth %	-	-2.43%	-0.73%	2.04%	-0.43%	2.79%	0.64%
FCF per Share	-0.07	-0.25	-0.32	0.17	0.09	0.30	0.47
FCF Conversion (FCF/Net Income)	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x
Interest Paid	2.44M	2.71M	11.43M	2.77M	5K	0	0
Taxes Paid	17.1M	8.58M	14.28M	4.13M	2.9M	13.52M	16.18M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-76.61%	-27.29%	-15.15%	6.76%	10.68%
Return on Invested Capital (ROIC)	-	-	-	-269.82%	-43.67%	5.53%	7.52%
Gross Margin	72.22%	67.36%	67.74%	77.99%	78.56%	80.62%	80.25%
Net Margin	-97.42%	-78.06%	-106.75%	-33.75%	-19.61%	9.43%	16.13%
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-
FCF Conversion	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x
Revenue Growth	-	24.71%	47.15%	41.11%	23.61%	16.75%	28.79%

Revenue by Segment

	2020	2021	2022	2023	2024
Government Operating	610.2M	8.97B	1.07B	1.22B	1.57B
Government Operating Growth	-	1370.60%	-88.06%	14.04%	28.42%
Commercial	482.48M	644.53M	834.1M	1B	1.3B
Commercial Growth	-	33.59%	29.41%	20.23%	29.23%

Revenue by Geography

	2020	2021	2022	2023	2024
UNITED STATES	573.55M	879.16M	1.16B	1.38B	1.9B
UNITED STATES Growth	-	53.28%	32.11%	18.67%	37.87%
Rest Of World	289M	403.72M	523.51M	611.51M	660.68M
Rest Of World Growth	-	39.70%	29.67%	16.81%	8.04%
UNITED KINGDOM	132.43M	173.36M	220.94M	235.26M	304.57M
UNITED KINGDOM Growth	-	30.91%	27.45%	6.48%	29.46%
France	97.7M	85.65M	-	-	-
France Growth	-	-12.33%	-	-	-

Frequently Asked Questions

Growth & Financials

Palantir Technologies Inc. (PLTR) reported $3.90B in revenue for fiscal year 2024. This represents a 554% increase from $595.4M in 2018.

Palantir Technologies Inc. (PLTR) grew revenue by 28.8% over the past year. This is strong growth.

Yes, Palantir Technologies Inc. (PLTR) is profitable, generating $1.10B in net income for fiscal year 2024 (16.1% net margin).

Dividend & Returns

Palantir Technologies Inc. (PLTR) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Palantir Technologies Inc. (PLTR) generated $1.79B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Palantir Technologies Inc. (PLTR) 10-Year Financial Performance & Capital Metrics

PLTR • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics

Revenue $2.87B +28.8%
EBITDA $342M +123.1%
Net Income $462M +120.3%
EPS (Diluted) 0.19 +108.1%
Gross Margin 80.25% -0.5%
EBITDA Margin 11.93% +73.2%
Operating Margin 10.83% +100.9%
Net Margin 16.13% +71.0%
ROE 10.68% +57.9%
ROIC 7.52% +35.9%
Debt/Equity 0.05 -27.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 39.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 31.0%

✗Weaknesses

✗Weak 3Y average ROE of 0.8%
✗Expensive at 86.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y31.01%

3Y22.95%

TTM47.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM129.84%

EPS CAGR

10Y-

5Y-

3Y-

TTM120.14%

ROCE

10Y Avg-32.47%

5Y Avg-18.52%

3Y Avg1.5%

Latest6.81%

Peer Comparison

AI-Powered Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	408.8B	178.96	941.89	28.79%	28.11%	16.38%	0.28%	0.05
CCCCCC Intelligent Solutions Holdings Inc.	5.25B	8.19	201.23	9.05%	-0.28%	-0.13%	4.4%	0.42
ODDOddity Tech Ltd.	1.55B	33.81	20.37	27.2%	14.11%	28.94%	8.36%	0.08
MLGOMicroAlgo Inc.	58.21M	5.32	9.67	-9.22%	11.11%	2.12%	6.99%	0.16
STEMStem, Inc.	158.41M	18.88	-0.18	-68.67%	62.2%	-59.21%
MSAIMultiSensor AI Holdings, Inc.	25.16M	0.31	-0.29	36.32%	-223.26%	-150.02%		0.03
WRDWeRide Inc.	2.86B	8.81	-0.96	-10.13%	-6.97%	-125.4%		0.02
AISPAirship AI Holdings, Inc.	107.31M	3.14	-1.65	87.4%	-364.1%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	595.41M	742.55M	1.09B	1.54B	1.91B	2.23B	2.87B
Revenue Growth %	-	0.25%	0.47%	0.41%	0.24%	0.17%	0.29%
Cost of Goods Sold+	165.4M	242.37M	352.55M	339.4M	408.55M	431.11M	565.99M
COGS % of Revenue	0.28%	0.33%	0.32%	0.22%	0.21%	0.19%	0.2%
Gross Profit+	430.01M	500.18M	740.13M	1.2B	1.5B	1.79B	2.3B
Gross Margin %	0.72%	0.67%	0.68%	0.78%	0.79%	0.81%	0.8%
Gross Profit Growth %	-	0.16%	0.48%	0.62%	0.25%	0.2%	0.28%
Operating Expenses+	1.05B	1.08B	1.91B	1.61B	1.66B	1.67B	1.99B
OpEx % of Revenue	1.77%	1.45%	1.75%	1.05%	0.87%	0.75%	0.69%
Selling, General & Admin	768M	771.06M	1.35B	1.23B	1.3B	1.27B	1.48B
SG&A % of Revenue	1.29%	1.04%	1.24%	0.8%	0.68%	0.57%	0.52%
Research & Development	285.45M	305.56M	560.66M	387.49M	359.68M	404.62M	507.88M
R&D % of Revenue	0.48%	0.41%	0.51%	0.25%	0.19%	0.18%	0.18%
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income+	-623.44M	-576.44M	-1.17B	-411.05M	-161.2M	119.97M	310.4M
Operating Margin %	-1.05%	-0.78%	-1.07%	-0.27%	-0.08%	0.05%	0.11%
Operating Income Growth %	-	0.08%	-1.04%	0.65%	0.61%	1.74%	1.59%
EBITDA+	-609.53M	-564.19M	-1.16B	-396.15M	-138.68M	153.32M	341.99M
EBITDA Margin %	-1.02%	-0.76%	-1.06%	-0.26%	-0.07%	0.07%	0.12%
EBITDA Growth %	-	0.07%	-1.06%	0.66%	0.65%	2.11%	1.23%
D&A (Non-Cash Add-back)	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M
EBIT	-567.49M	-564.21M	-1.16B	-484.85M	-161.2M	119.97M	310.4M
Net Interest Income+	7.06M	12.03M	-9.46M	-2.03M	16.25M	129.1M	196.79M
Interest Income	10.5M	15.09M	4.68M	1.61M	20.31M	132.57M	196.79M
Interest Expense	3.44M	3.06M	14.14M	3.64M	4.06M	3.47M	0
Other Income/Expense	52.52M	9.17M	-5.35M	-77.45M	-199.83M	117.13M	178.77M
Pretax Income+	-570.92M	-567.27M	-1.18B	-488.49M	-361.03M	237.09M	489.17M
Pretax Margin %	-0.96%	-0.76%	-1.08%	-0.32%	-0.19%	0.11%	0.17%
Income Tax+	9.1M	12.38M	-12.64M	31.89M	10.07M	19.72M	21.25M
Effective Tax Rate %	1.02%	1.02%	0.99%	1.07%	1.04%	0.88%	0.94%
Net Income+	-580.03M	-579.65M	-1.17B	-520.38M	-373.7M	209.82M	462.19M
Net Margin %	-0.97%	-0.78%	-1.07%	-0.34%	-0.2%	0.09%	0.16%
Net Income Growth %	-	0%	-1.01%	0.55%	0.28%	1.56%	1.2%
Net Income (Continuing)	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M
EPS (Diluted)+	-0.89	-0.82	-1.20	-0.27	-0.18	0.09	0.19
EPS Growth %	-	0.08%	-0.46%	0.78%	0.33%	1.51%	1.08%
EPS (Basic)	-0.84	-0.82	-1.19	-0.27	-0.18	0.10	0.21
Diluted Shares Outstanding	716.03M	716.03M	979.33M	1.92B	2.06B	2.3B	2.45B
Basic Shares Outstanding	713.88M	713.88M	977.72M	1.92B	2.06B	2.15B	2.25B
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.22B	1.21B	2.26B	2.86B	3.04B	4.14B	5.93B
Cash & Short-Term Investments	1.12B	1.08B	2.01B	2.52B	2.63B	3.67B	5.23B
Cash Only	1.12B	1.08B	2.01B	2.29B	2.6B	831.05M	2.1B
Short-Term Investments	0	0	0	234.15M	35.13M	2.84B	3.13B
Accounts Receivable	19.19M	50.31M	156.93M	190.92M	258.35M	364.78M	575.05M
Days Sales Outstanding	11.76	24.73	52.42	45.2	49.48	59.84	73.25
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	10.48M	52.1M	37.28M	36.63M	149.56M	99.66M	129.25M
Total Non-Current Assets+	210.89M	379.87M	433.07M	384.2M	419.66M	383.81M	406.6M
Property, Plant & Equipment	30.03M	31.59M	246.62M	248.2M	269.41M	230.62M	240.38M
Fixed Asset Turnover	19.82x	23.51x	4.43x	6.21x	7.07x	9.65x	11.92x
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Long-Term Investments	17.5M	26.14M	79.54M	0	0	0	0
Other Non-Current Assets	163.35M	322.14M	106.92M	136M	150.25M	153.19M	166.22M
Total Assets+	1.43B	1.59B	2.69B	3.25B	3.46B	4.52B	6.34B
Asset Turnover	0.42x	0.47x	0.41x	0.47x	0.55x	0.49x	0.45x
Asset Growth %	-	0.11%	0.69%	0.21%	0.07%	0.31%	0.4%
Total Current Liabilities+	531.9M	728.6M	603.82M	660.06M	587.94M	746.02M	996.02M
Accounts Payable	27.4M	51.73M	16.36M	74.91M	44.79M	12.12M	103K
Days Payables Outstanding	60.46	77.91	16.94	80.56	40.01	10.26	0.07
Short-Term Debt	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0	0	0	0
Current Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x
Quick Ratio	2.29x	1.67x	3.74x	4.34x	5.17x	5.55x	5.96x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.65B	2.85B	564.13M	296.36M	230.86M	215.44M	250.46M
Long-Term Debt	0	396.06M	197.98M	0	0	0	0
Capital Lease Obligations	0	0	229.8M	220.15M	204.31M	175.22M	195.23M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.37B	2.21B	4.32M	2.3M	12.65M	10.7M	13.69M
Total Liabilities	3.18B	3.57B	1.17B	956.42M	818.8M	961.46M	1.25B
Total Debt+	0	396.06M	456.86M	260.07M	249.4M	229.39M	239.22M
Net Debt	-1.12B	-683.09M	-1.55B	-2.03B	-2.35B	-601.65M	-1.86B
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x
Debt / EBITDA	-	-	-	-	-	1.50x	0.70x
Net Debt / EBITDA	-	-	-	-	-	-3.92x	-5.44x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-
Total Equity+	-1.75B	-1.98B	1.52B	2.29B	2.64B	3.56B	5.09B
Equity Growth %	-	-0.13%	1.77%	0.5%	0.15%	0.35%	0.43%
Book Value per Share	-2.45	-2.77	1.55	1.19	1.28	1.55	2.08
Total Shareholders' Equity	-1.75B	-1.98B	1.52B	2.29B	2.57B	3.48B	5B
Common Stock	570K	588K	1.79M	2.03M	2.1M	2.2M	2.34M
Retained Earnings	-3.23B	-3.8B	-4.97B	-5.49B	-5.86B	-5.65B	-5.19B
Treasury Stock	-148.62M	-38.9M	0	0	0	0	0
Accumulated OCI	762K	-703K	-2.75M	-2.35M	-5.33M	801K	-5.61M
Minority Interest	0	0	0	0	77.11M	85.4M	91.13M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-39.01M	-165.22M	-296.61M	333.85M	223.74M	712.18M	1.15B
Operating CF Margin %	-0.07%	-0.22%	-0.27%	0.22%	0.12%	0.32%	0.4%
Operating CF Growth %	-	-3.23%	-0.8%	2.13%	-0.33%	2.18%	0.62%
Net Income	-580.03M	-579.65M	-1.17B	-520.38M	-371.09M	217.38M	467.92M
Depreciation & Amortization	13.91M	12.26M	13.87M	14.9M	22.52M	33.35M	31.59M
Stock-Based Compensation	248.5M	241.97M	1.27B	778.22M	564.8M	475.9M	691.64M
Deferred Taxes	0	-7.2M	-20.39M	43.32M	-174K	-4.81M	0
Other Non-Cash Items	-23.97M	26.18M	39.33M	109.9M	268.9M	-15.88M	32.82M
Working Capital Changes	302.57M	141.23M	-433.73M	-92.1M	-261.22M	6.24M	-70.1M
Change in Receivables	-10.48M	-23.91M	-108.48M	-35.24M	-72.82M	-106.16M	-211.16M
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	10.97M	23.42M	-34.68M	57.77M	-29.86M	-31.83M	-18.84M
Cash from Investing+	-6.78M	-21.96M	-14.92M	-397.91M	-45.43M	-2.71B	-340.65M
Capital Expenditures	-13M	-13.1M	-12.24M	-12.63M	-40.03M	-15.11M	-12.63M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.01%	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	6.22M	0	250K	-3.87M	73K	51.07M	-5.62M
Cash from Financing+	46.15M	324.53M	1.04B	306.75M	86M	218.84M	463.36M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	13.87M	-58.68M	298.33M	506.75M	86M	218.84M	527.56M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-52.02M	-178.31M	-308.84M	321.22M	183.71M	697.07M	1.14B
FCF Margin %	-0.09%	-0.24%	-0.28%	0.21%	0.1%	0.31%	0.4%
FCF Growth %	-	-2.43%	-0.73%	2.04%	-0.43%	2.79%	0.64%
FCF per Share	-0.07	-0.25	-0.32	0.17	0.09	0.30	0.47
FCF Conversion (FCF/Net Income)	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x
Interest Paid	2.44M	2.71M	11.43M	2.77M	5K	0	0
Taxes Paid	17.1M	8.58M	14.28M	4.13M	2.9M	13.52M	16.18M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-76.61%	-27.29%	-15.15%	6.76%	10.68%
Return on Invested Capital (ROIC)	-	-	-	-269.82%	-43.67%	5.53%	7.52%
Gross Margin	72.22%	67.36%	67.74%	77.99%	78.56%	80.62%	80.25%
Net Margin	-97.42%	-78.06%	-106.75%	-33.75%	-19.61%	9.43%	16.13%
Debt / Equity	-	-	0.30x	0.11x	0.09x	0.06x	0.05x
Interest Coverage	-181.23x	-188.32x	-83.01x	-112.92x	-39.72x	34.57x	-
FCF Conversion	0.07x	0.29x	0.25x	-0.64x	-0.60x	3.39x	2.50x
Revenue Growth	-	24.71%	47.15%	41.11%	23.61%	16.75%	28.79%

Revenue by Segment

	2020	2021	2022	2023	2024
Government Operating	610.2M	8.97B	1.07B	1.22B	1.57B
Government Operating Growth	-	1370.60%	-88.06%	14.04%	28.42%
Commercial	482.48M	644.53M	834.1M	1B	1.3B
Commercial Growth	-	33.59%	29.41%	20.23%	29.23%

Revenue by Geography

	2020	2021	2022	2023	2024
UNITED STATES	573.55M	879.16M	1.16B	1.38B	1.9B
UNITED STATES Growth	-	53.28%	32.11%	18.67%	37.87%
Rest Of World	289M	403.72M	523.51M	611.51M	660.68M
Rest Of World Growth	-	39.70%	29.67%	16.81%	8.04%
UNITED KINGDOM	132.43M	173.36M	220.94M	235.26M	304.57M
UNITED KINGDOM Growth	-	30.91%	27.45%	6.48%	29.46%
France	97.7M	85.65M	-	-	-
France Growth	-	-12.33%	-	-	-

Frequently Asked Questions

Growth & Financials

Palantir Technologies Inc. (PLTR) reported $3.90B in revenue for fiscal year 2024. This represents a 554% increase from $595.4M in 2018.

Palantir Technologies Inc. (PLTR) grew revenue by 28.8% over the past year. This is strong growth.

Yes, Palantir Technologies Inc. (PLTR) is profitable, generating $1.10B in net income for fiscal year 2024 (16.1% net margin).

Dividend & Returns

Palantir Technologies Inc. (PLTR) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Palantir Technologies Inc. (PLTR) generated $1.79B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.