The company said revenue for the 3 months ended March 31, 2024 was $634.3 million, up 21% from $525.2 million in the same period of 2023.

1. 01

   The company said revenue for the 3 months ended March 31, 2024 was $634.3 million, up 21% from $525.2 million in the same period of 2023.

2. 02

   The company said government customer revenue rose $46.3 million (16%) and commercial customer revenue rose $62.8 million (27%) in the 3 months of 2024. It said U.S. commercial customer revenue was $149.7 million, up 40% from $107.1 million a year earlier.

3. 03

   Palantir said income from operations for the 3 months of 2024 was $80.9 million, compared with $4.1 million a year earlier, and gross profit was $518.1 million, with a gross margin of 82% versus 80% a year earlier.

4. 04

   The company said it had cash equivalents and short-term U.S. treasury securities of $3.9 billion as of March 31, 2024 and no outstanding borrowings. It said net cash provided by operating activities was $129.6 million in the 3 months of 2024, and it repurchased shares for $9.0 million.

Key figures

Quarter ended March 31, 2024

Revenue

$634M

Operating income

$81M

Net income

$106M

EPS

$0.04

Gross profit

$518M

Operating cash flow

$130M

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.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.