The company said revenue for fiscal 2023, which ended on December 31, 2023, rose to $2.2 billion, up 17% from $1.9 billion in fiscal 2022. It said government customer revenue grew 14% and commercial customer revenue grew 20%.

10-KAnnual reportFiled Feb 20, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said revenue for fiscal 2023, which ended on December 31, 2023, rose to $2.2 billion, up 17% from $1.9 billion in fiscal 2022. It said government customer revenue grew 14% and commercial customer revenue grew 20%.
Palantir Technologies said income from operations for fiscal 2023 was $120.0 million, compared with an operating loss of $161.2 million in fiscal 2022. It said adjusted income from operations, which excludes stock-based compensation and related employer payroll taxes, was $632.8 million. Gross margin was 81%.
The company said net cash provided by operating activities for fiscal 2023 was $712.2 million, compared with $223.7 million in fiscal 2022. It cited timing of payments to vendors and timing of customer payment receipts, as well as higher interest income, as factors behind the increase.
As of December 31, 2023, the company said it had cash, cash equivalents and short-term U.S. treasury securities totaling $3.7 billion and no outstanding debt. It said undrawn revolving commitments under its credit facility totaled $500.0 million.

Key figures

Fiscal year ended December 31, 2023

Revenue: $2.2B
Operating income: $120M
Net income: $210M
EPS: $0.09
Gross profit: $1.8B
Operating cash flow: $712M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

2023 revenue of $2.2 billion, up 17%

The company said revenue for fiscal 2023, which ended on December 31, 2023, rose to $2.2 billion, up 17% from $1.9 billion in fiscal 2022. It said government customer revenue grew 14% and commercial customer revenue grew 20%.

Source · Based on the MD&A text of the filing

Operating Income $120.0 million, Gross Margin 81%

Palantir Technologies said income from operations for fiscal 2023 was $120.0 million, compared with an operating loss of $161.2 million in fiscal 2022. It said adjusted income from operations, which excludes stock-based compensation and related employer payroll taxes, was $632.8 million. Gross margin was 81%.

Source · Based on the MD&A text of the filing

Operating Cash Flow $712.2 million

The company said net cash provided by operating activities for fiscal 2023 was $712.2 million, compared with $223.7 million in fiscal 2022. It cited timing of payments to vendors and timing of customer payment receipts, as well as higher interest income, as factors behind the increase.

Source · Based on the MD&A text of the filing

Cash and Equivalents $3.7 billion, No Debt

As of December 31, 2023, the company said it had cash, cash equivalents and short-term U.S. treasury securities totaling $3.7 billion and no outstanding debt. It said undrawn revolving commitments under its credit facility totaled $500.0 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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