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AI English summary of an SEC filing — figures as filed

Palantir Technologies logoPalantir Technologies PLTR

The company said revenue for Q3 2024 was $726 million, up 30% year over year and 7% from the previous quarter. U.S. revenue was $499 million, up 44% year over year.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q3 2024 was $726 million, up 30% year over year and 7% from the previous quarter. U.S. revenue was $499 million, up 44% year over year.

  2. Palantir said GAAP net income for Q3 was $144 million, a 20% margin, and GAAP income from operations was $113 million, a 16% margin. Adjusted income from operations was $276 million, a 38% margin.

  3. The company said cash from operations for Q3 was $420 million, a 58% margin, and adjusted free cash flow was $435 million, a 60% margin. Cash, cash equivalents and short-term U.S. Treasury securities totaled $4.6 billion.

  4. Palantir said it is raising its full-year 2024 revenue guidance to $2.805 to $2.809 billion. For Q4, it expects revenue of $767 to $771 million and adjusted income from operations of $298 to $302 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 2024 Revenue and U.S. Revenue Growth

The company said revenue for Q3 2024 was $726 million, up 30% year over year and 7% from the previous quarter. U.S. revenue was $499 million, up 44% year over year.

Source · Based on the filing body and exhibits

Q3 GAAP Net Income and Operating Income

Palantir said GAAP net income for Q3 was $144 million, a 20% margin, and GAAP income from operations was $113 million, a 16% margin. Adjusted income from operations was $276 million, a 38% margin.

Source · Based on the filing body and exhibits

Q3 Operating Cash Flow and Adjusted Free Cash Flow

The company said cash from operations for Q3 was $420 million, a 58% margin, and adjusted free cash flow was $435 million, a 60% margin. Cash, cash equivalents and short-term U.S. Treasury securities totaled $4.6 billion.

Source · Based on the filing body and exhibits

2024 Full-Year and Q4 Outlook

Palantir said it is raising its full-year 2024 revenue guidance to $2.805 to $2.809 billion. For Q4, it expects revenue of $767 to $771 million and adjusted income from operations of $298 to $302 million.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.