Analysis of Revenues
Revenues as Reported
Palantir Technologies Inc., income statement, revenues
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Revenue Growth Trend
- The overall revenue exhibits a consistent upward trend from 2020 to 2024. Starting at approximately 1.09 billion US dollars in 2020, revenue increased steadily each year, reaching about 2.87 billion US dollars by 2024. This indicates a strong compound growth, reflecting positively on the company's ability to expand its sales and market presence over the five-year period.
- Government Revenue Analysis
- Revenue generated from government sources shows a significant and consistent increase year-over-year. Beginning at around 610 million US dollars in 2020, government-related revenue grew to roughly 1.57 billion US dollars by 2024. This represents more than a 2.5 times increase over five years, suggesting heightened government contracts or expanded engagements with public sector clients.
- Commercial Revenue Analysis
- Commercial revenue also demonstrates a clear positive trajectory. From about 482 million US dollars in 2020, it rose steadily to nearly 1.30 billion US dollars in 2024. This strong growth, roughly 2.7 times the initial figure, underscores growing business in the private sector and successful penetration into the commercial market.
- Comparative Insights Between Segments
- Both government and commercial segments grew robustly, with commercial revenue consistently increasing at a slightly higher rate yearly. Despite this, government revenue remains the larger contributor to total revenue throughout the period. The steady growth in both sectors implies balanced diversification and reduced dependency risk on either one segment.
- Overall Implications
- The data suggests that the company is effectively scaling its operations and generating increased sales across all sectors. The continuous growth across government and commercial streams indicates strong market demand and successful client acquisition or retention strategies. This positive revenue trajectory is indicative of operational stability and potential for further expansion.