'With the proliferation of AI models, the raw AI labor supply is exploding.'
— Ryan Taylor
03Detailed Report
PLTR
Palantir Technologies Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 9, 2026
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Executive Summary
Palantir Technologies Inc (NASDAQ: PLTR) has reported impressive fourth quarter 2024 results, showcasing a robust growth trajectory with revenue soaring 36% year-over-year to $828 million, marking a significant acceleration in demand driven by advancements in AI. The company's U.S. business witnessed remarkable performance, growing 52% year-over-year, underscoring its market leadership in AI production use cases. Management highlighted a sharp increase in total contract value (TCV), which rose 56% year-over-year, reflecting strong demand across various sectors. CEO Alex Karp emphasized the company's commitment to operationalizing AI and enhancing enterprise efficiencies, stating, 'In this AI revolution, anyone looking for a solution that actually works is going to choose Palantir.' Overall, Palantir's financial stability and proactive investment in technology position it well for continued growth amidst evolving market conditions.
Key Performance Indicators
Revenue
Increasing
827.52M
QoQ: 14.06% | YoY: 36.03%
Gross Profit
Increasing
652.99M
78.91% margin
QoQ: 12.80% | YoY: 30.67%
Operating Income
Decreasing
11.04M
QoQ: -90.24% | YoY: -83.22%
Net Income
Decreasing
79.01M
QoQ: -44.95% | YoY: -15.40%
EPS
Decreasing
0.03
QoQ: -46.24% | YoY: -19.67%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $828 million (up 36% YoY, 14% QoQ) Net Income: $79 million, corresponding to a net income margin of 10% (down 15% YoY due to increased expenses related to stock-based compensation). EPS: $0.03 diluted (down 19.67% YoY). Adjusted Free Cash Flow: $517 million (representing a margin of 63%). Rule of 40 Score: Increased to 81, indicating a healthy balance between growth and profitability. Customer Count: Grew 43% YoY to 711 customers, showcasing heightened adoption of Palantir’s platforms.
Management noted a strong U.S. commercial growth of 64% YoY, with key expansions in government contracts further solidifying their market presence. The forward guide indicates a revenue midpoint of $3.749 billion for 2025, suggesting a targeted growth rate of 31%.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
827.52M
36.03%
14.06%
Gross Profit
652.99M
30.67%
12.80%
Operating Income
11.04M
-83.22%
-90.24%
Net Income
79.01M
-15.40%
-44.95%
EPS
0.03
-19.67%
-46.24%
Key Financial Ratios
Gross Profit Margin
Excellent
78.90%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
1.33%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Fair
9.55%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
1.25%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.58%
Return on equity suggests inefficient capital allocation
Current Ratio
Strong
5.96
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.05
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
High Growth
551.58x
Very high P/E indicates aggressive growth expectations, higher risk
Price to Book
High Premium
34.84x
Very high premium suggests asset-light business model or lofty expectations
Management Insights Available for Members
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