PLTR SEC Filings
Palantir Technologies Inc. - 64 total filings
Palantir Technologies Inc. Annual Report, Year Ended Dec 31, 2025
Palantir Technologies Inc. reported strong financial performance for the year ended December 31, 2025, with a significant 56% increase in total revenue to $4.5 billion, driven by robust growth in both government (53% increase) and commercial (60% increase) segments. The company's expanded customer base to 954, up from 711 in the prior year, and a notable increase in average revenue from the top twenty customers to $93.9 million, signal deepening client relationships and successful platform adoption. Financially, Palantir demonstrated improved profitability with income from operations reaching $1.4 billion, a substantial increase from $310.4 million in the previous year. This growth was supported by an expanding gross margin of 82% (84% excluding stock-based compensation). The company also saw a healthy increase in cash flow from operations to $2.1 billion. Total remaining deal value reached $11.2 billion, indicating a strong pipeline for future revenue. The company continues to invest heavily in its core platforms: Gotham, Foundry, Apollo, and the newly emphasized Artificial Intelligence Platform (AIP), highlighting its commitment to innovation, particularly in AI. Palantir's strategic focus on tackling complex, large-scale challenges and its ability to deploy solutions rapidly, often in days, positions it favorably against longer internal development cycles of its customers. The company's emphasis on privacy and civil liberties, integrated into its platform design, further differentiates its offerings in a sensitive market.
Palantir Technologies Inc. 8-K Report, Financial Results (Feb 2, 2026)
Palantir Technologies Inc. (PLTR) has filed a Form 8-K on February 2, 2026, to announce its financial results for the fourth quarter and fiscal year ended December 31, 2025. The filing primarily references a press release (Exhibit 99.1) containing these results, making it the key source of detailed financial information for investors. Additionally, the company has updated its investor relations website with a new investor presentation and a letter from the CEO, which are intended to provide further context and insights into the company's performance and strategic outlook. While the 8-K itself does not contain the specific financial figures, investors should refer to the attached press release and the supplemental materials on the company's website for a comprehensive understanding of Palantir's performance. These documents are crucial for evaluating the company's recent financial health, operational achievements, and future guidance. Investors should pay close attention to revenue growth, profitability metrics, and any forward-looking statements or strategic updates provided in these materials.
Palantir Technologies Inc. Quarterly Report for Q3 Ended Sep 30, 2025
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. 8-K Report, Financial Results (Nov 3, 2025)
Palantir Technologies Inc. (PLTR) has filed an 8-K report on November 3, 2025, primarily announcing its financial results for the fiscal quarter ended September 30, 2025. While the full details of the financial performance are contained within the press release furnished as Exhibit 99.1, this filing serves as the official notification to the market. In addition to the financial results, the Company also disclosed on November 3, 2025, that it has posted a new investor presentation and a letter from its CEO on its investor relations website. These materials likely provide further context and strategic outlook beyond the quarterly earnings, offering investors deeper insights into Palantir's performance and future direction. Investors are encouraged to review the attached press release and the supplementary materials for a comprehensive understanding of the Company's recent performance and strategic initiatives.
Palantir Technologies Inc. Quarterly Report for Q2 Ended Jun 30, 2025
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. 8-K Report, Financial Results (Aug 4, 2025)
Palantir Technologies Inc. (PLTR) has filed a Form 8-K on August 4, 2025, to announce its financial results for the fiscal quarter ended June 30, 2025. While the full financial details are within the attached press release (Exhibit 99.1), the filing itself primarily serves as a notification mechanism under Item 2.02 and Regulation FD. Beyond the standard financial results disclosure, the Company also posted a new investor presentation and a letter from its CEO on its investor relations website on the same day. Investors should review these supplementary materials for a deeper understanding of Palantir's performance, strategic outlook, and forward-looking statements beyond the preliminary financial data presented in the press release.
Palantir Technologies Inc. 8-K Report, Shareholder Vote Results (Jun 9, 2025)
Palantir Technologies Inc. (PLTR) filed an 8-K on June 8, 2025, reporting on its 2025 Annual Meeting of Stockholders held on June 5, 2025. The key outcomes of the meeting were the election of directors and the ratification of the company's independent registered public accounting firm. Investors should note that all director nominees were elected, indicating continued shareholder confidence in the current leadership. Additionally, the appointment of Ernst & Young as the independent auditor for fiscal year 2025 was overwhelmingly ratified, suggesting a smooth and accepted governance process regarding financial oversight. While the voting details primarily concern the procedural aspects of the annual meeting, the broad support for director nominees and auditor ratification are positive indicators for governance and stability. The filing provides specific voting tallies, including those considering the differentiated voting power of Class A, Class B, and Class F common stock, offering transparency into shareholder sentiment on these crucial matters.
Palantir Technologies Inc. Quarterly Report for Q1 Ended Mar 31, 2025
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. 8-K Report, Financial Results (May 5, 2025)
Palantir Technologies Inc. (PLTR) has filed an 8-K report on May 5, 2025, detailing its financial results for the fiscal quarter ended March 31, 2025. The report primarily references a press release (Exhibit 99.1) and an investor presentation, both made available on the same day. Investors should note that while these documents provide insights into the company's performance and outlook, the information furnished under Item 2.02 is not considered "filed" for regulatory purposes, meaning it doesn't carry the same legal implications as formally filed documents. The filing also indicates the release of a letter from the CEO and a new investor presentation, suggesting management is actively communicating with shareholders about the company's progress and strategic direction. Investors are encouraged to review these supplementary materials to gain a comprehensive understanding of Palantir's financial condition and operational achievements for the period.
Palantir Technologies Inc. 8-K Report, Executive Changes (Feb 28, 2025)
Palantir Technologies Inc. announced a significant leadership change in its accounting department via an 8-K filing. Effective March 24, 2025, Jeffrey Buckley will return to Palantir as the Chief Accounting Officer (CAO) and principal accounting officer, succeeding David Glazer who had been serving in an interim capacity. This move brings a familiar face back to a critical financial role, with Mr. Buckley having previously held the CAO position at Palantir from September 2020 to February 2023. The company has also outlined Mr. Buckley's compensation package, which includes an annual base salary of $400,000 and a substantial restricted stock unit (RSU) award valued at $3.5 million. The RSU award features a multi-year vesting schedule, aligning Mr. Buckley's incentives with the company's long-term performance and value creation. This appointment addresses the recent departure of Heather Planishek and aims to provide stability and experienced leadership to Palantir's financial reporting and controls.
Palantir Technologies Inc. Annual Report, Year Ended Dec 31, 2024
Palantir Technologies Inc. (PLTR) reported robust financial performance for the fiscal year ended December 31, 2024, demonstrating significant growth across its operations. The company's revenue surged by 29% year-over-year to $2.9 billion, driven by strong demand in both its government (55% of revenue) and commercial (45% of revenue) segments. This growth was supported by an expanding customer base, which grew to 711 from 497 in the previous year, and an increase in average revenue per top customer. Operationally, Palantir continues to invest heavily in its core platforms: Gotham, Foundry, Apollo, and the recently launched Artificial Intelligence Platform (AIP). The company highlighted the effectiveness of its AIP bootcamps in accelerating customer acquisition and adoption. Palantir also emphasized its commitment to privacy and civil liberties in its software development. While the company is focused on growth, it also faces a competitive landscape and operational risks, as detailed in the risk factors section, including reliance on key personnel and potential cybersecurity threats. The company ended the year with a strong liquidity position, including $5.2 billion in cash, cash equivalents, and short-term U.S. Treasury securities.
Palantir Technologies Inc. 8-K Report, Financial Results (Feb 3, 2025)
Palantir Technologies Inc. (PLTR) has filed an 8-K report on February 3, 2025, to disclose its financial results for the fourth quarter and fiscal year ended December 31, 2024. The report primarily directs investors to a press release (Exhibit 99.1) for detailed financial performance information. Additionally, the company posted an updated investor presentation and a letter from its CEO on its investor relations website, which are also relevant for understanding current performance and future outlook. While the 8-K itself does not contain the specific financial figures, it signals the release of this crucial information. Investors should review the attached press release and accompanying materials to gain a comprehensive understanding of Palantir's operational and financial condition as of the end of fiscal year 2024. The filing also includes standard legal disclaimers regarding the non-filed nature of the furnished information.
Palantir Technologies Inc. 8-K Report, Listing Notice (Nov 14, 2024)
Palantir Technologies Inc. (PLTR) has announced a significant strategic move to voluntarily transfer its Class A common stock listing from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC (Nasdaq). This change is expected to take effect after market close on November 25, 2024, with trading commencing on Nasdaq on November 26, 2024. The company will retain its ticker symbol "PLTR" on the new exchange. This decision, authorized by the board of directors, suggests a potential alignment with Nasdaq's technological focus or other strategic benefits the company seeks to leverage. Investors should monitor any commentary from Palantir regarding the rationale behind this move and its potential implications for liquidity and investor perception on the new exchange. While the filing itself does not contain forward-looking financial performance details, the exchange transfer is a notable corporate event. The press release accompanying this filing will likely elaborate on the reasons for this relocation and any anticipated advantages. Investors are advised to review that press release for further context. The immediate impact on trading should be minimal, with the ticker symbol remaining the same, but the long-term effects on market dynamics and investor engagement on Nasdaq will be a key area to observe.
Palantir Technologies Inc. Quarterly Report for Q3 Ended Sep 30, 2024
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. 8-K Report, Financial Results (Nov 4, 2024)
Palantir Technologies Inc. (PLTR) filed an 8-K on November 4, 2024, primarily to disclose its financial results for the fiscal quarter ended September 30, 2024. The company issued a press release on the same date, which is incorporated by reference into this filing. This release contains the detailed financial performance and operational updates for the period. In addition to the financial results, Palantir also posted a new investor presentation and a letter from its Chief Executive Officer on its investor relations website on November 4, 2024. These materials likely provide further context and strategic insights into the company's performance and outlook. Investors should refer to the press release (Exhibit 99.1) and the CEO letter for a comprehensive understanding of Palantir's most recent operational and financial condition.
Palantir Technologies Inc. Quarterly Report for Q2 Ended Jun 30, 2024
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. 8-K Report, Financial Results (Aug 5, 2024)
Palantir Technologies Inc. (PLTR) has filed an 8-K report on August 5, 2024, to announce its financial results for the fiscal quarter ended June 30, 2024. The report primarily incorporates by reference a press release, dated August 5, 2024, which details these results. Additionally, the company has made available a new investor presentation and a letter from its CEO on its investor relations website, providing further context and insights into its performance and strategic outlook. Investors should refer to the press release (Exhibit 99.1) for specific financial performance metrics. While this 8-K doesn't directly detail the numbers, it serves as the official notification of their release. The accompanying CEO letter and investor presentation are likely to offer qualitative updates on business momentum, customer adoption, and future growth drivers, making them crucial resources for a comprehensive understanding of Palantir's current standing and trajectory.
Palantir Technologies Inc. 8-K Report, Shareholder Vote Results (Jun 10, 2024)
Palantir Technologies Inc. filed an 8-K on June 10, 2024, detailing the results of its 2024 annual meeting of stockholders held on June 5, 2024. The primary focus for investors is the overwhelming approval of director elections and the ratification of its independent auditor. All director nominees received substantial support, with votes in favor significantly outweighing withheld votes and broker non-votes, indicating continued confidence in the current board leadership. Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2024 was ratified with very strong shareholder approval. These results suggest stability in corporate governance and financial oversight. The overwhelming shareholder support for both the board and the auditor provides a positive signal regarding the company's operational and financial reporting integrity. Investors can view these outcomes as confirmation of the existing strategic direction and the robustness of Palantir's audit process, which are fundamental for long-term value creation and investor confidence.
Palantir Technologies Inc. Quarterly Report for Q1 Ended Mar 31, 2024
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. 8-K Report, Financial Results (May 6, 2024)
Palantir Technologies Inc. (PLTR) filed an 8-K on May 6, 2024, primarily to furnish its first-quarter 2024 financial results, released via a press release on the same date. The report confirms the company's adherence to reporting standards, with the press release incorporated by reference. Investors should note that this information, while important for understanding current performance, is furnished and not deemed "filed" under certain sections of the Securities Exchange Act, meaning it doesn't automatically carry the same liability implications as a formally filed document. In addition to the earnings release, Palantir also disclosed on May 6th the posting of a new investor presentation and a letter from its CEO to its investor relations website. These materials likely offer further context and strategic insights into the company's performance and outlook. Investors are encouraged to review these supplemental documents for a comprehensive understanding of Palantir's recent developments and future direction.
Palantir Technologies Inc. Annual Report, Year Ended Dec 31, 2023
Palantir Technologies Inc. reported a strong financial year for 2023, demonstrating significant revenue growth and a return to profitability from operations. The company generated $2.2 billion in revenue, a 17% increase year-over-year, driven by expansion within both its government (55% of revenue) and commercial (45% of revenue) segments. Notably, the average revenue per top twenty customer increased to $54.6 million, indicating deeper engagement with key clients. Palantir also saw improvements in its operational efficiency, with adjusted income from operations reaching $632.8 million, and a focus on expanding its Artificial Intelligence Platform (AIP) capabilities, which began deployment in 2023. The company's strategic focus on complex, large-scale data integration and decision-making problems continues to resonate with its customer base. Palantir's platform ecosystem, comprising Gotham, Foundry, Apollo, and AIP, is designed to be deployed across various environments, providing a robust solution for organizations dealing with intricate data challenges. Despite significant investments in research and development and sales and marketing to fuel future growth, Palantir aims to continue scaling its operations and market reach, emphasizing its unique position in solving challenging enterprise data problems.
Palantir Technologies Inc. 8-K Report, Financial Results (Feb 5, 2024)
Palantir Technologies Inc. (PLTR) filed an 8-K on February 5, 2024, primarily to announce its fourth quarter and full fiscal year 2023 financial results. The filing incorporates by reference a press release detailing these results, which will be crucial for investors to assess the company's performance and outlook. Additionally, the company made available an investor presentation and a letter from its CEO, suggesting a proactive approach to shareholder communication and transparency regarding its strategic direction and financial standing.
Palantir Technologies Inc. Quarterly Report for Q3 Ended Sep 30, 2023
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. 8-K Report, Financial Results (Nov 2, 2023)
Palantir Technologies Inc. (PLTR) filed an 8-K on November 2, 2023, announcing its financial results for the third quarter ended September 30, 2023. The filing primarily incorporates by reference a press release and an investor presentation, both dated November 2, 2023. While the specific financial figures are within the referenced press release and presentation, the 8-K itself signals the official release of this quarterly data and related commentary to the public. Investors should refer to the attached Exhibit 99.1 (the press release) and the investor presentation for detailed financial performance, including revenue, profitability, and outlook. These documents typically provide management's commentary on the quarter's results, strategic updates, and forward-looking statements, which are crucial for understanding the company's current standing and future prospects. The 8-K serves as the formal notification that this information is now publicly available.
Palantir Technologies Inc. Quarterly Report for Q2 Ended Jun 30, 2023
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. 8-K Report, Financial Results (Aug 7, 2023)
Palantir Technologies Inc. (PLTR) filed an 8-K on August 7, 2023, primarily to announce its financial results for the fiscal quarter ended June 30, 2023. The company issued a press release detailing these results, which is incorporated by reference into the filing. This announcement is a key event for investors seeking to understand Palantir's recent financial performance and operational progress. In addition to the financial results, Palantir also posted an investor presentation and a letter from its CEO on its investor relations website. These supplementary materials likely provide further context and forward-looking statements regarding the company's strategy, market position, and financial outlook. Investors should review the press release and these additional documents for a comprehensive understanding of the company's current standing and future prospects.
Palantir Technologies Inc. 8-K Report, Shareholder Vote Results (Jun 9, 2023)
Palantir Technologies Inc. filed an 8-K on June 8, 2023, reporting the outcomes of its 2023 Annual Meeting of Stockholders held on June 6, 2023. The key takeaway for investors is that all proposals presented were approved by significant margins, indicating continued stockholder confidence in the company's leadership and direction. All director nominees were elected, the appointment of Ernst & Young as the independent auditor was ratified, and executive compensation received advisory approval. This strong endorsement across all voting matters suggests alignment between management and shareholders on critical governance and operational aspects. The high 'for' votes, particularly for the election of directors and the ratification of the auditor, signal a stable and supportive shareholder base. Investors can view these results as a positive indicator of corporate governance and operational continuity.
Palantir Technologies Inc. Quarterly Report for Q1 Ended Mar 31, 2023
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. 8-K Report, Financial Results (May 8, 2023)
Palantir Technologies Inc. (PLTR) filed an 8-K on May 8, 2023, to announce its financial results for the fiscal quarter ended March 31, 2023. The core of this filing is the press release (Exhibit 99.1) detailing these results, which are crucial for investors to assess the company's performance and financial health. Additionally, the company made available a new investor presentation and a letter from its CEO, indicating proactive communication regarding its strategic direction and operational achievements.
Palantir Technologies Inc. Annual Report, Year Ended Dec 31, 2022
Palantir Technologies Inc. (PLTR) reported its 2022 full-year results, showcasing robust revenue growth of 24% year-over-year, reaching $1.9 billion. While the company continues to invest heavily in research and development and sales and marketing, leading to an operating loss of $161.2 million, it also reported an improvement in its adjusted income from operations to $420.8 million. The company's platform strategy, centered around Gotham, Foundry, and Apollo, continues to gain traction across both government and commercial sectors, with government revenue up 19% and commercial revenue up 29% year-over-year. Palantir ended the year with a strong cash position and no outstanding debt, highlighting its financial flexibility as it navigates a complex macroeconomic environment. Key financial and operational metrics indicate sustained growth in customer numbers, with an increase to 367 customers by year-end 2022 from 237 in the prior year. The average revenue per top 20 customer also saw an increase, demonstrating deepening relationships with key clients. Despite investments in growth, the company managed to reduce its net loss compared to the previous year, primarily due to a significant decrease in stock-based compensation expenses. Palantir's commitment to expanding its platform capabilities and market reach remains a core focus, supported by its integrated software suite designed to address complex data challenges.
Palantir Technologies Inc. 8-K Report, Financial Results (Feb 13, 2023)
Palantir Technologies Inc. (PLTR) filed an 8-K on February 13, 2023, primarily to report its financial results for the fourth quarter and full fiscal year ended December 31, 2022. The filing incorporates by reference a press release (Exhibit 99.1) containing these results, which were announced on the same date. Investors should refer to this press release for detailed financial performance figures, including revenue, earnings, and any forward-looking guidance provided by the company. In addition to the financial results, Palantir also disclosed on February 13, 2023, that it had posted a new investor presentation and a letter from its CEO on its investor relations website. These materials likely offer further context and strategic insights into the company's performance, outlook, and ongoing operations. While the 8-K itself doesn't contain the full financial details, it serves as the official notification and access point to the company's latest performance reporting.
Palantir Technologies Inc. 8-K Report, Executive Changes (Feb 2, 2023)
Palantir Technologies Inc. (PLTR) announced a significant leadership transition within its finance and technology departments via an 8-K filing. Jeffrey Buckley, the Chief Accounting Officer, will be stepping down from his role but will remain with the company to ensure a smooth transition and subsequently serve as an advisor. This transition is timed to occur one business day after the filing of the company's Form 10-K for the fiscal year ended December 31, 2022. In parallel, Palantir has appointed Heather Planishek as the new Chief Accounting Officer. Ms. Planishek, who has been with Palantir since 2016 and most recently served as Controller, brings extensive experience in SEC reporting and technical accounting from her previous roles at Hewlett Packard Enterprise and Ernst & Young LLP. Her compensation package includes a base salary of $400,000 and a substantial restricted stock unit award designed to incentivize long-term commitment and performance.
Palantir Technologies Inc. 8-K Report, Rights Modification (Dec 28, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on December 27, 2022, reporting the effectiveness of its Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws. These changes are a direct result of a previously disclosed settlement in the In re Palantir Technologies Inc. Class F Stock Litigation, which was approved by the Court of Chancery of the State of Delaware in September 2022. The stockholders approved the amendment and restatement of the certificate of incorporation at a special meeting held on December 22, 2022, with a significant majority of votes in favor. The Amended and Restated Certificate became effective upon its filing with the Secretary of State of Delaware on December 27, 2022. In conjunction with the corporate charter changes, the Board of Directors also adopted amended and restated bylaws, effective on the same date. These filings are primarily procedural updates to implement the terms of the settlement and formally conclude the class action litigation concerning the company's Class F common stock. Investors should note that these changes are not indicative of new operational strategies or financial performance but rather the resolution of a legal matter that was previously disclosed.
Palantir Technologies Inc. Quarterly Report for Q3 Ended Sep 30, 2022
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. 8-K Report, Financial Results (Nov 7, 2022)
Palantir Technologies Inc. filed an 8-K on November 7, 2022, to report its financial results for the fiscal quarter ended September 30, 2022. The filing includes a press release detailing these results and a letter from the CEO to shareholders, both dated November 7, 2022, and incorporated by reference. Investors should note that the information furnished under Item 2.02 of this report is not considered 'filed' for purposes of Section 18 of the Exchange Act, limiting liability, but is still crucial for understanding the company's performance and outlook. Additionally, the company disclosed the posting of a new investor presentation on its investor relations website on the same date, as per Regulation FD. While specific financial figures are not detailed within the 8-K itself, these accompanying documents provide the essential updates on Palantir's operational and financial condition, including forward-looking statements and strategic commentary from its leadership.
Palantir Technologies Inc. Quarterly Report for Q2 Ended Jun 30, 2022
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. 8-K Report, Financial Results (Aug 8, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on August 8, 2022, primarily to announce its financial results for the fiscal quarter ended June 30, 2022. The company issued a press release detailing these results, which is attached as an exhibit. While specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification to investors regarding the company's quarterly performance. In addition to the financial results, Palantir also disclosed the posting of a new investor presentation and a letter from its CEO on its investor relations website. These materials likely provide further context and forward-looking statements related to the company's performance and strategy, offering investors a more comprehensive view beyond the earnings release.
Palantir Technologies Inc. 8-K Report, Regulation FD Disclosure (Jul 1, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on July 1, 2022, to disclose information regarding a proposed settlement of a legal action concerning its Class F Common Stock. The settlement, detailed in a Notice of Proposed Settlement and a Stipulation of Compromise and Settlement, involves the company and its founders: Stephen Cohen, Alexander Karp, and Peter Thiel. Key aspects of the proposed settlement include amendments to Palantir's bylaws and a proposal to stockholders for potential amendments to its certificate of incorporation. Additionally, the company will cover certain plaintiffs' attorneys' fees and expenses, subject to court approval. This filing is primarily for informational purposes under Regulation FD, ensuring all shareholders are informed about this significant legal development.
Palantir Technologies Inc. 8-K Report, Material Agreement (Jul 1, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on June 30, 2022, to report an amendment to its credit agreement. This amendment, specifically Amendment No. 13, restates the company's existing credit agreement and introduces a new incremental delayed draw term loan facility. This new facility allows Palantir to borrow up to $450.0 million, available through July 1, 2023. The primary implication for investors is Palantir's increased access to capital. The ability to draw up to $450 million provides financial flexibility, potentially for future investments, operational needs, or strategic initiatives. The delayed draw nature of the facility means the company can access these funds as needed, and the maturity date of March 31, 2027, with no scheduled amortization until then, offers a favorable repayment structure.
Palantir Technologies Inc. 8-K Report, Shareholder Vote Results (Jun 10, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on June 10, 2022, detailing the outcomes of its 2022 Annual Meeting of Stockholders held on June 7, 2022. The primary focus of this filing is the voting results on key corporate governance matters. Investors can take comfort in the overwhelming support for the re-election of all nominated directors, indicating board stability and shareholder confidence in the current leadership. Additionally, the company's choice of auditor, Ernst & Young, was ratified with significant approval, reinforcing transparency and trust in financial reporting.
Palantir Technologies Inc. 8-K Report, Financial Results (May 9, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on May 9, 2022, primarily to announce its financial results for the fiscal quarter ended March 31, 2022. While the filing itself doesn't contain the detailed financial figures, it directs investors to a press release (Exhibit 99.1) and additional investor materials. This 8-K serves as the official notification of the release of these results, and investors should refer to the accompanying press release and any other supplemental information provided by the company for specific performance details, revenue figures, profitability, and forward-looking guidance.
Palantir Technologies Inc. Quarterly Report for Q1 Ended Mar 31, 2022
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. 8-K Report, Material Agreement (Apr 1, 2022)
Palantir Technologies Inc. (PLTR) has filed an 8-K report detailing amendments to its credit facilities, primarily focusing on financial flexibility and operational capacity. The company, through its subsidiary Palantir USG, Inc., entered into Amendment No. 12 to its Revolving Credit Agreement and an Incremental Agreement on March 31, 2022. This amendment restates its existing credit, security, and guaranty agreements, extending the maturity date of its revolving loan facility and increasing the total revolving commitments by $100.0 million, bringing the total to $500.0 million. Furthermore, the amendment allows for an incremental loan facility, providing the potential for additional term or revolving loans up to a specified amount upon agreement with lenders. Importantly, as of the filing date, no amounts were outstanding under the Credit Agreement, indicating a proactive approach to securing financial resources without immediate debt utilization. These changes enhance Palantir's financial structure and provide greater capacity for future operations and growth.
Palantir Technologies Inc. Annual Report, Year Ended Dec 31, 2021
Palantir Technologies Inc. reported significant revenue growth of 41% in 2021, reaching $1.5 billion, driven by a substantial 47% increase in government sector revenue and a 34% increase in commercial sector revenue. The company's gross margin improved to 78% (82% excluding stock-based compensation) from 68% in the prior year, indicating enhanced operational efficiency. Despite revenue growth, Palantir continues to incur operating losses, with a net loss of $520.4 million for 2021, although this is an improvement from a $1.17 billion loss in 2020. This is partly due to continued investments in sales, marketing, and research and development, alongside significant stock-based compensation expenses. The company ended 2021 with a strong liquidity position, including $2.3 billion in cash and cash equivalents and an undrawn $400 million revolving credit facility.
Palantir Technologies Inc. 8-K Report, Financial Results (Feb 17, 2022)
Palantir Technologies Inc. (PLTR) filed an 8-K on February 17, 2022, primarily announcing its financial results for the fourth quarter and full fiscal year ended December 31, 2021. While the 8-K itself does not contain the detailed financial figures, it incorporates by reference a press release (Exhibit 99.1) that provides these results. Investors should refer to this press release for specific revenue, net income, earnings per share, and other key financial metrics for the period. The filing also indicates that the company posted an updated investor presentation and accompanying remarks on its investor relations website, suggesting potential forward-looking statements or further strategic insights available to stakeholders.
Palantir Technologies Inc. 8-K Report, Financial Results (Nov 9, 2021)
Palantir Technologies Inc. (PLTR) filed an 8-K on November 9, 2021, primarily to announce its financial results for the fiscal quarter ended September 30, 2021. The press release, attached as Exhibit 99.1, contains the details of these results. While the 8-K itself does not provide the financial figures, it directs investors to the press release for an in-depth look at the company's performance during the quarter. Investors should refer to the press release for key financial metrics, operational updates, and forward-looking statements. This filing serves as the official notification of the release of these results, indicating that management was prepared to discuss their performance and outlook with the market.
Palantir Technologies Inc. Quarterly Report for Q3 Ended Sep 30, 2021
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. 8-K/A Report, Financial Results (Aug 18, 2021)
This 8-K/A filing from Palantir Technologies Inc. (PLTR) on August 18, 2021, primarily serves to furnish supplemental materials related to their second quarter 2021 earnings call. Specifically, it includes the transcript of the conference call held on August 12, 2021, and the accompanying investor presentation. These documents provide investors with detailed insights into the company's operational and financial performance for the quarter ended June 30, 2021. While this amendment doesn't introduce new material events, it offers investors a comprehensive look at Palantir's discussions with analysts and stakeholders regarding their strategic progress, financial results, and future outlook. The furnished exhibits are crucial for a deeper understanding of the company's narrative and performance metrics presented during that period.
Palantir Technologies Inc. Quarterly Report for Q2 Ended Jun 30, 2021
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. 8-K Report, Financial Results (Aug 12, 2021)
Palantir Technologies Inc. (PLTR) filed an 8-K report on August 12, 2021, primarily to announce its financial results for the fiscal quarter ended June 30, 2021. The report itself does not contain detailed financial figures but incorporates by reference a press release (Exhibit 99.1) that provides these results. Investors should refer to the press release for comprehensive details on the company's performance, revenue, profitability, and outlook. The key takeaway for investors is the company's communication of its Q2 2021 financial performance through this 8-K filing. While the 8-K serves as the official notification, the substance of the results lies within the attached press release, making it the essential document for understanding Palantir's operational and financial condition as of that reporting period.