Financial Snapshot

Revenue
$2.646B
TTM
Gross Margin
81.16%
TTM
Net Earnings
$476.6M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
567.27%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$4.591B
Q3 2024
Cash
Q3 2024
P/E
333.9
Nov 29, 2024 EST
Free Cash Flow
$980.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $2.225B $1.906B $1.542B $1.093B $742.6M $595.4M
YoY Change 16.75% 23.61% 41.11% 47.15% 24.71%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $2.225B $1.906B $1.542B $1.093B $742.6M $595.4M
Cost Of Revenue $431.1M $408.5M $339.4M $352.5M $242.4M $165.4M
Gross Profit $1.794B $1.497B $1.202B $740.1M $500.2M $430.0M
Gross Profit Margin 80.62% 78.56% 77.99% 67.74% 67.36% 72.22%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $1.269B $1.299B $1.226B $1.353B $771.1M $768.0M
YoY Change -2.27% 5.94% -9.39% 75.49% 0.4%
% of Gross Profit 70.76% 86.74% 101.96% 182.83% 154.16% 178.6%
Research & Development $404.6M $359.7M $387.5M $560.7M $305.6M $285.5M
YoY Change 12.5% -7.18% -30.89% 83.48% 7.05%
% of Gross Profit 22.56% 24.02% 32.22% 75.75% 61.09% 66.38%
Depreciation & Amortization $33.35M $22.52M $14.90M $13.87M $12.26M $13.91M
YoY Change 48.1% 51.18% 7.4% 13.19% -11.9%
% of Gross Profit 1.86% 1.5% 1.24% 1.87% 2.45% 3.23%
Operating Expenses $1.674B $1.659B $1.614B $1.914B $1.077B $1.053B
YoY Change 0.93% 2.79% -15.69% 77.76% 2.2%
Operating Profit $120.0M -$161.2M -$411.0M -$1.174B -$576.4M -$623.4M
YoY Change -174.42% -60.78% -64.98% 103.61% -7.54%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $129.1M $4.058M $70.77M $14.14M $3.061M $3.440M
YoY Change 3081.42% -94.27% 400.51% 361.91% -11.02%
% of Operating Profit 107.62%
Other Income/Expense, Net -$11.98M -$216.1M -$148.2M $3.300M -$2.853M -$2.638M
YoY Change -94.46% 45.79% -4591.36% -215.67% 8.15%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $237.1M -$361.0M -$488.5M -$1.179B -$567.3M -$570.9M
YoY Change -165.67% -26.09% -58.57% 107.84% -0.64%
Income Tax $19.72M $10.10M $31.89M -$12.64M $12.38M $9.102M
% Of Pretax Income 8.32%
Net Earnings $209.8M -$373.7M -$520.4M -$1.166B -$579.6M -$580.0M
YoY Change -156.15% -28.19% -55.39% 101.22% -0.07%
Net Earnings / Revenue 9.43% -19.61% -33.75% -106.75% -78.06% -97.42%
Basic Earnings Per Share $0.10 -$0.18 -$0.27 -$1.19 -$1.02 -$1.11
Diluted Earnings Per Share $0.09 -$0.18 -$270.5K -$1.20 -$1.02 -$1.17

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $3.674B $2.634B $2.525B $2.011B $1.079B $1.116B
YoY Change 39.51% 4.31% 25.53% 86.37% -3.32%
Cash & Equivalents $831.0M $2.599B $2.291B $2.011B $1.079B $1.116B
Short-Term Investments $2.843B $35.14M $234.2M
Other Short-Term Assets $99.66M $149.6M $147.5M $89.20M $84.70M $84.60M
YoY Change -33.37% 1.39% 65.36% 5.31% 0.12%
Inventory
Prepaid Expenses
Receivables $364.8M $258.3M $190.9M $156.9M $50.30M $19.20M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $4.139B $3.042B $2.863B $2.257B $1.214B $1.220B
YoY Change 36.07% 6.23% 26.84% 85.92% -0.48%
Property, Plant & Equipment $230.6M $269.4M $248.2M $246.6M $31.60M $30.00M
YoY Change -14.4% 8.54% 0.65% 680.38% 5.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.10M $17.50M
YoY Change 49.14%
Other Assets $153.2M $150.3M $136.0M $186.5M $322.1M $163.4M
YoY Change 1.95% 10.48% -27.08% -42.1% 97.12%
Total Long-Term Assets $383.8M $419.7M $384.2M $433.1M $379.8M $210.9M
YoY Change -8.54% 9.23% -11.29% 14.03% 80.09%
Total Assets $4.522B $3.461B $3.247B $2.691B $1.594B $1.431B
YoY Change
Accounts Payable $12.12M $44.79M $74.91M $16.40M $51.70M $27.40M
YoY Change -72.93% -40.21% 356.75% -68.28% 88.69%
Accrued Expenses $277.2M $217.8M $195.7M $187.6M $126.6M $123.7M
YoY Change 27.25% 11.28% 4.34% 48.18% 2.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $746.0M $587.9M $660.1M $603.8M $728.6M $531.9M
YoY Change 26.89% -10.93% 9.32% -17.13% 36.98%
Long-Term Debt $0.00 $0.00 $0.00 $198.0M $396.1M $0.00
YoY Change -100.0% -50.01%
Other Long-Term Liabilities $215.4M $230.9M $296.4M $366.2M $322.8M $390.8M
YoY Change -6.68% -22.1% -19.07% 13.44% -17.4%
Total Long-Term Liabilities $215.4M $230.9M $296.4M $564.2M $718.9M $390.8M
YoY Change -6.68% -22.1% -47.47% -21.52% 83.96%
Total Liabilities $1.047B $895.9M $956.4M $1.168B $1.447B $922.7M
YoY Change 16.85% -6.33% -18.11% -19.3% 56.87%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 2.147B shares 2.064B shares 1.924B shares 977.7M 577.0M 537.3M
Diluted Shares Outstanding 2.298B shares 2.064B shares 1.924B shares 979.3M 577.0M 544.0M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $159.12 Billion

About Palantir Technologies Inc.

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. The company is headquartered in Denver, Colorado and currently employs 3,892 full-time employees. The company went IPO on 2020-09-30. The company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models (LLMs) and other AI within any organization.

Industry: Services-Prepackaged Software Peers: ANSYS INC Aspen Technology, Inc. CITRIX SYSTEMS INC Datadog, Inc. HUBSPOT INC Nuance Communications, Inc. Paycom Software, Inc. Salesforce, Inc. TYLER TECHNOLOGIES INC Zoom Communications, Inc.