PLTR 10-Q Quarterly Reports

Palantir Technologies Inc. reported strong financial results for the nine months ended September 30, 2025, demonstrating significant growth across key metrics. Revenue surged by 51% year-over-year to $3.1 billion, driven by robust performance in both government and commercial sectors, with commercial revenue experiencing a notable 51% increase. The company also showcased substantial improvements in profitability, with income from operations rising to $838.6 million, a nearly threefold increase from the previous year's $299.4 million. This operational efficiency is further highlighted by a significant expansion in adjusted income from operations (excluding stock-based compensation and related payroll taxes) to $1.5 billion from $755.5 million in the prior year. Furthermore, Palantir's balance sheet remains strong, with cash, cash equivalents, and marketable securities totaling $6.4 billion as of September 30, 2025. The company maintains a debt-free position, with no outstanding balances under its credit facility. The significant growth in revenue, coupled with improved operating leverage and a strong liquidity position, underscores Palantir's continued execution and strategic positioning in the data analytics and AI software market.

Palantir Technologies Inc. reported a strong second quarter for 2025, demonstrating robust growth and improving financial performance. Revenue surged by 48% year-over-year to $1.004 billion for the three months ended June 30, 2025, driven by significant increases in both government and commercial segments. The company's profitability also saw substantial improvement, with income from operations reaching $269.3 million, a significant jump from $105.3 million in the prior year's quarter. This growth was accompanied by an increase in the number of customers to 849, up from 593 in the prior year. The company maintains a strong liquidity position with $6.0 billion in cash, cash equivalents, and short-term U.S. Treasury securities as of June 30, 2025. Key operational highlights include strong revenue growth from both government (up 49%) and commercial (up 47%) sectors. The company also repurchased $18.6 million of its Class A common stock under its share repurchase program, indicating a commitment to returning value to shareholders. Palantir's strategic focus on expanding its Artificial Intelligence Platform (AIP) offerings continues to drive customer adoption and revenue growth. The company's forward-looking statements suggest continued investment in growth, with a positive outlook on liquidity and operational capabilities.

Palantir Technologies Inc. (PLTR) reported a strong first quarter for 2025, showcasing significant year-over-year revenue growth and a substantial increase in profitability. Total revenue reached $883.9 million, a 39% increase compared to the first quarter of 2024, driven by robust performance in both government and commercial sectors, with government revenue up 45% and commercial revenue up 33%. This top-line growth translated into improved operational efficiency, with income from operations more than doubling to $176.0 million, a 118% increase year-over-year. The company's gross margin remained strong at 80%, though slightly down from 82% in the prior year, primarily due to increased cost of revenue driven by higher cloud hosting and personnel-related expenses. The company demonstrated solid cash flow generation, with net cash provided by operating activities increasing significantly to $310.3 million. Palantir also continued its share repurchase program, buying back approximately $18.0 million of its Class A common stock during the quarter, with $917.8 million remaining authorization. The company ended the quarter with a strong liquidity position, holding $5.4 billion in cash, cash equivalents, and short-term U.S. Treasury securities, with no outstanding debt under its credit facility. Management expressed confidence in meeting operating requirements for the foreseeable future, indicating a healthy financial standing.

Palantir Technologies Inc. reported strong financial results for the third quarter of 2024, demonstrating robust revenue growth and a significant increase in profitability. Total revenue for the quarter reached $725.5 million, a 30% increase year-over-year, driven by growth in both its government and commercial segments. The company's income from operations saw a substantial rise to $113.1 million from $40.0 million in the prior year's quarter. This growth reflects effective cost management alongside strong top-line performance. The company ended the quarter with a healthy cash position, indicating solid operational execution and financial discipline. Palantir continues to expand its customer base and deepen relationships with existing clients, positioning itself for sustained growth in the evolving data analytics and AI market.

Palantir Technologies Inc. reported strong financial performance for the second quarter of 2024, driven by robust revenue growth across both its government and commercial segments. Total revenue increased by 27% year-over-year, reaching $678.1 million, with commercial revenue showing particularly strong growth at 33%. The company's focus on expanding its customer base, now at 593 customers, contributed to this growth. Profitability saw a significant improvement, with income from operations reaching $105.3 million, a substantial increase from $10.1 million in the prior year's comparable quarter. This was supported by an improved gross margin of 81%, reflecting increased operational efficiency. The company continues to invest in research and development and sales and marketing, which contributed to an increase in operating expenses, but these were outpaced by revenue growth. Palantir maintained a strong liquidity position with $4.0 billion in cash, cash equivalents, and U.S. treasury securities, and continued its share repurchase program, having bought back $26.7 million in the first half of the year.

Palantir Technologies Inc. reported strong financial performance for the first quarter of 2024, with significant year-over-year growth in revenue and a substantial increase in income from operations. Revenue reached $634.3 million, a 21% increase compared to the prior year's quarter, driven by robust growth in both government (16% increase) and commercial (27% increase) sectors. The company demonstrated improved operational efficiency, with income from operations rising to $80.9 million from $4.1 million in the prior year, and gross margin expanding to 82% from 80%. Key financial highlights include a considerable increase in interest income, attributed to higher U.S. interest rates and increased cash reserves. The company also reported a significant rise in stock-based compensation, primarily due to new grants, impacting operating expenses. Palantir's cash position remains strong, with $3.9 billion in cash, cash equivalents, and short-term U.S. treasury securities as of March 31, 2024, and no outstanding debt, reinforcing its liquidity. The company also continued its share repurchase program, repurchasing $9.0 million of its Class A common stock.

Palantir Technologies Inc. reported a solid performance for the third quarter of 2023, demonstrating significant revenue growth and a return to profitability from operations. Total revenue reached $558.2 million, a 17% increase year-over-year, driven by growth in both its commercial and government segments. The company has successfully managed its operating expenses, resulting in a notable shift from an operating loss in the prior year's quarter to an operating income of $40.0 million. This improved operational efficiency, coupled with strong revenue performance, highlights Palantir's increasing financial stability and execution capability. The company's balance sheet remains strong, with a substantial increase in cash and cash equivalents and marketable securities, indicating healthy liquidity. Palantir also continues to invest in its growth, evidenced by continued R&D and sales and marketing expenses, while also initiating a $1.0 billion share repurchase program. The positive financial trajectory suggests that Palantir is well-positioned to capitalize on the growing demand for its data integration and artificial intelligence platforms.

Palantir Technologies Inc. reported solid financial results for the second quarter of 2023, demonstrating continued revenue growth and a significant improvement in profitability. Total revenue reached $533.3 million, an increase of 13% year-over-year, driven by growth in both government and commercial segments. The company achieved income from operations of $10.1 million, a substantial improvement from a loss in the prior year period. This turnaround is partly attributed to a reduction in stock-based compensation expenses, which decreased by 22% year-over-year, impacting operating expenses favorably. Financially, Palantir ended the quarter with a strong liquidity position, holding $3.1 billion in cash, cash equivalents, and short-term U.S. treasury securities, with no outstanding debt. The company also announced a new $1 billion stock repurchase program, signaling confidence in its future financial performance and commitment to shareholder value.

Palantir Technologies Inc. reported a net income of $16.8 million for the first quarter of 2023, a significant turnaround from a net loss of $101.4 million in the same period last year. Revenue grew 18% year-over-year to $525.2 million, driven by strong performance in both its government and commercial segments. The company also demonstrated improved operational efficiency, with a reported income from operations of $4.1 million, compared to a loss of $39.4 million in Q1 2022. This positive financial performance was supported by robust cash flow from operations, which reached $187.4 million. Key financial highlights include a substantial increase in interest income due to higher interest rates and new investments in U.S. treasury securities. The company's cash and cash equivalents, along with marketable securities, totaled $2.9 billion as of March 31, 2023, providing a strong liquidity position. Management expressed confidence in their ability to meet operational cash needs for at least the next twelve months, supported by operating cash flows and existing liquidity. The growth in revenue and improved profitability underscore Palantir's strategic execution and its ability to navigate the current economic landscape, positioning it for continued development.

Palantir Technologies Inc. reported its financial results for the third quarter and the first nine months of 2022. The company demonstrated solid revenue growth, with a 22% increase year-over-year for the third quarter and a 26% increase for the first nine months. This growth was driven by both its government and commercial segments, with the commercial segment showing a notable 37% increase in revenue for the first nine months. Despite revenue growth, Palantir continued to experience net losses, with a loss of $123.9 million for the third quarter and $404.6 million for the first nine months. The company's operating expenses, particularly sales and marketing, and general and administrative costs, remain significant, contributing to these losses. However, the company highlighted that its adjusted income from operations, excluding stock-based compensation and related payroll taxes, was positive for both periods, indicating operational improvements. Palantir ended the period with a strong cash position of $2.4 billion, and no outstanding debt, positioning it well for future investments and operational needs.

Palantir Technologies Inc. reported its Q2 2022 results, showcasing significant revenue growth driven by strong performance in both its government and commercial sectors. Total revenue increased by 26% year-over-year for the quarter and 28% for the first half of the year, demonstrating continued expansion. The company also saw an improvement in its operational loss, which narrowed considerably compared to the prior year period, although it still reported a net loss. Gross margins remained robust, improving slightly year-over-year. The company ended the period with a strong cash position, providing ample liquidity for operations. Key operational highlights include substantial growth in the commercial segment, up 46% year-over-year for the quarter, and a solid 13% increase in the government sector. The company highlighted increased customer adoption and expansion within existing client relationships. Investments in research and development and sales and marketing continue, though stock-based compensation expenses decreased, contributing to the narrowed operational loss. The company remains focused on expanding its platform access to a broader customer base, including early- and growth-stage companies.

Palantir Technologies Inc. reported its first-quarter 2022 financial results, showing continued strong revenue growth, particularly in its commercial segment. Total revenue increased by 31% year-over-year to $446.4 million, driven by a 54% surge in commercial revenue. The company also demonstrated progress in reducing its operating loss, narrowing it from $114.0 million in Q1 2021 to $39.4 million in Q1 2022, with adjusted income from operations remaining robust and slightly increasing year-over-year. This improvement was partly due to a significant reduction in stock-based compensation expenses. Despite the operational improvements, Palantir's net loss widened due to a substantial increase in "Other income (expense), net," primarily driven by unrealized losses on marketable securities. However, the company maintained a strong liquidity position with over $2.3 billion in cash and cash equivalents. The company also saw a significant increase in its customer base, reaching 277 customers, up from 149 in the prior year's comparable period. Investors should note the company's continued investment in growth, particularly in sales and marketing, and its ongoing efforts to expand its commercial offerings, alongside a notable increase in investments in other companies.

Palantir Technologies Inc. (PLTR) reported its financial results for the nine months ended September 29, 2021. The company demonstrated significant revenue growth, with total revenue increasing by 44% to $1.1 billion for the nine-month period. This growth was driven by both the Government ($658.4 million, +57%) and Commercial ($450.6 million, +29%) segments. Despite strong revenue performance, Palantir continues to operate at a loss, reporting a net loss of $364.2 million for the nine months, though this represents an improvement compared to the $1.02 billion net loss in the same period last year. The company's cash position remains robust, with $2.3 billion in cash and cash equivalents as of September 30, 2021, and it successfully reduced operating expenses significantly, particularly in sales & marketing, R&D, and G&A, largely due to lower stock-based compensation expenses compared to the prior year's direct listing related charges. Key financial metrics show improved operational efficiency when excluding stock-based compensation. Contribution margin improved to 58% for the nine months, up from 51% in the prior year. The company's strategic investments in various entities, totaling $153 million in purchases and $226.5 million in outstanding commitments, reflect a strategy to align with businesses that leverage data effectively. While the company is growing rapidly, investors should note the continued reliance on a few large customers for a significant portion of revenue and the ongoing risk factors associated with rapid scaling and market competition.

Palantir Technologies Inc. (PLTR) reported its financial results for the quarter and six months ended June 30, 2021. The company demonstrated strong revenue growth, with total revenue increasing by 49% year-over-year for both the three-month and six-month periods. This growth was primarily driven by a substantial increase in revenue from government customers, alongside solid growth in the commercial sector. Despite the revenue expansion, Palantir continued to incur operating losses, although adjusted income from operations (excluding stock-based compensation and related payroll taxes) showed significant year-over-year improvement. The company's gross margin also saw an improvement, both on a reported basis and when excluding stock-based compensation. Operating expenses, particularly in sales and marketing, R&D, and general and administrative categories, increased significantly, largely due to higher stock-based compensation expenses, which are a notable cost for the company. Palantir's liquidity position remained strong, with a substantial amount of cash and cash equivalents and an undrawn revolving credit facility. The company also highlighted its commitment to expanding its customer base and platform adoption across both government and commercial sectors.

Palantir Technologies Inc. reported its first quarterly results as a public company on May 11, 2021, for the period ending March 31, 2021. The company demonstrated strong revenue growth, with total revenue increasing by 49% year-over-year to $341.2 million. This growth was primarily driven by a significant increase in government revenue (up 76%), alongside a more modest increase in commercial revenue (up 19%). Despite the top-line growth, Palantir continued to operate at a net loss, reporting a net loss of $123.5 million for the quarter. This loss was influenced by substantial increases in operating expenses, particularly in sales and marketing, research and development, and general and administrative costs, all of which saw significant year-over-year increases, largely driven by stock-based compensation expenses. The company ended the quarter with a solid cash position of $2.3 billion, indicating sufficient liquidity for its operations. From an operational efficiency perspective, Palantir's gross margin improved to 78% from 72% in the prior year period, or 83% when excluding stock-based compensation. The company's 'contribution margin,' a non-GAAP metric excluding stock-based compensation, also showed improvement, reaching 60% compared to 41% in the prior year. This suggests improving operational leverage, particularly in the government segment. The growth in customer numbers to 149 from 131 in the prior year, coupled with a 29% increase in average revenue per customer, signals positive customer traction and expansion within existing accounts. Investors should monitor the company's ability to translate this growth into profitability while managing its significant operating expenses.

Palantir Technologies Inc. filed its Form 10-Q for the period ending September 29, 2020, on November 12, 2020. This report details the company's financial performance and operational highlights leading up to its direct listing on the New York Stock Exchange on September 30, 2020. The company reported significant revenue growth, with a 52% increase year-over-year for the third quarter and a 50% increase for the first nine months of 2020. Despite this revenue growth, Palantir continued to incur substantial net losses, primarily driven by high operating expenses, including significant stock-based compensation charges related to its direct listing event. The financial statements reveal a substantial increase in cash and cash equivalents, bolstered by a significant equity raise. However, the company also reported a considerable increase in operating expenses across sales and marketing, research and development, and general and administrative functions, largely attributable to stock-based compensation and increased costs associated with becoming a public company. Investors should note the substantial net loss and the significant investment in growth and infrastructure as key factors in evaluating Palantir's financial health and future prospects.