Palantir Technologies said it generated revenue of $883.9 million for the 3 months ended March 31, 2025, reflecting a 39% increase from $634.3 million in the same period in the prior year. Revenue from government customers increased by $151.6 million (45%) and revenue from commercial customers increased by $97.9 million (33%).

1. 01

   Palantir Technologies said it generated revenue of $883.9 million for the 3 months ended March 31, 2025, reflecting a 39% increase from $634.3 million in the same period in the prior year. Revenue from government customers increased by $151.6 million (45%) and revenue from commercial customers increased by $97.9 million (33%).

2. 02

   The company said it generated income from operations of $176.0 million (compared to $80.9 million in the same period in the prior year) and gross profit of $710.9 million for the 3 months ended March 31, 2025. Gross margin declined to 80% from 82% in the same period in the prior year, and the company explained that cost of revenue growth outpaced revenue growth.

3. 03

   Palantir Technologies said operating cash flow for the 3 months ended March 31, 2025 was $310.3 million (compared to $129.6 million in the same period in the prior year). Net cash used in investing activities was $1.4 billion (compared to $511.2 million in the same period in the prior year), and the company cited increased purchases of short-term U.S. Treasury securities as the primary factor.

4. 04

   The company said that as of March 31, 2025, it had $5.4 billion in cash, cash equivalents, and short-term U.S. Treasury securities combined, no outstanding debt, and $500.0 million in undrawn commitments under its credit facility. During the 3 months, it repurchased 0.2 million shares of Class A common stock for $18.0 million, with approximately $917.8 million remaining under its authorization.

Key figures

Quarter ended March 31, 2025

Revenue

$884M

Operating income

$176M

Net income

$214M

EPS

$0.08

Gross profit

$711M

Operating cash flow

$310M

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

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