The company said it recorded revenue of $725.5 million for the 3 months ended September 30, 2024, an increase of 30% from $558.2 million in the same period of 2023.

1. 01

   The company said it recorded revenue of $725.5 million for the 3 months ended September 30, 2024, an increase of 30% from $558.2 million in the same period of 2023.

2. 02

   Palantir Technologies said income from operations was $113.1 million for Q3 2024, and adjusted income from operations, which excludes stock-based compensation and related employer payroll taxes, was $275.5 million. The company said the figures for Q3 2023 were $40.0 million and $163.3 million, respectively.

3. 03

   The company said revenue from government customers rose $100.7 million (33%) and revenue from commercial customers rose $66.6 million (27%) in Q3 2024. It said U.S. commercial customer revenue was $179.2 million, up 54% from $116.3 million a year earlier.

4. 04

   Palantir said it had $4.6 billion in cash, cash equivalents and short-term U.S. Treasury securities as of September 30, 2024, with no outstanding debt and $500.0 million undrawn under its revolving credit facility. The company said net cash provided by operating activities for the 9 months was $693.5 million.

Key figures

Quarter ended September 30, 2024

Revenue

$726M

Operating income

$113M

Net income

$144M

EPS

$0.06

Gross profit

$579M

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.