Palantir quarter report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Palantir Technologies had strong financial results for the fourth quarter and full year of 2024. In Q4, U.S. revenue was $558 million, up 52% from the same time last year and 12% more than the previous quarter. U.S. commercial revenue grew 64% year-over-year to $214 million, and U.S. government revenue increased by 45% to $343 million. Total revenue for Q4 was $828 million, up 36% from last year and 14% from Q3. The company closed 129 deals worth at least $1 million, 58 deals worth at least $5 million, and 32 deals worth at least $10 million. Palantir also set a record with $803 million in U.S. commercial contract value, up 134% year-over-year. Remaining deal value (RDV) was $1.79 billion, up 99% from last year. The number of customers grew by 43% year-over-year. Cash from operations was $460 million, with a 56% margin, and adjusted free cash flow was $517 million, with a 63% margin. GAAP net income was $79 million (10% margin) or $165 million excluding one-time expenses. EPS was $0.03 GAAP, $0.07 excluding expenses, and $0.14 adjusted.



For the full year 2024, U.S. revenue reached $1.90 billion, up 38% from last year. U.S. commercial revenue grew 54% to $702 million, and U.S. government revenue increased 30% to $1.20 billion. Total revenue for the year was $2.87 billion, up 29% from last year. Cash from operations for the year was $1.15 billion, with a 40% margin, and adjusted free cash flow was $1.25 billion, with a 44% margin. GAAP net income for the year was $462 million (16% margin). Income from operations was $310 million (11% margin) or $442 million excluding one-time expenses. Adjusted income from operations was $1.13 billion, with a 39% margin. Palantir's growth, especially in its commercial and government sectors, and its strong cash flow put it in a good position for future success.

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