Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Palantir Technologies Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease right-of-use assets
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


Cash and cash equivalents
This category demonstrates a notable downward trend from 77.61% of total assets in early 2021 to a low of 9.87% by mid-2024, followed by some fluctuations that bring the figure up to 19.92% by the first quarter of 2025. The decline is especially sharp between late 2022 and mid-2024, indicating reduced liquidity in cash form during that period.
Marketable securities
Marketable securities show a marked increase over the period, starting with no available data until early 2021 and rising sharply from 1.02% to peaks above 65% of total assets by 2024 and early 2025. This suggests a strategic shift towards holding more liquid investments rather than cash, compensating for the decrease in cash and equivalents.
Accounts receivable, net
Accounts receivable as a percentage of total assets exhibits moderate volatility, generally increasing from around 5% in 2021 to values near 12.4% by early 2025. This upward trend indicates growing credit extended to customers or potentially delayed collections, reflecting increased sales or altered credit policies.
Prepaid expenses and other current assets
These assets remain relatively stable throughout the periods analyzed, fluctuating modestly but generally staying between approximately 1.7% and 5.5%. The lack of significant variation suggests consistency in prepaid and other current asset management.
Current assets
Current assets composition remains dominant, consistently around 85% to over 93% of total assets. There is a gradual increase over time, implying an accumulation or emphasis on short-term liquidity and resources.
Property and equipment, net
Property and equipment shrink modestly from 0.91% in early 2021 to about 0.56% of total assets by early 2025. The decline is gradual and steady, indicating low capital expenditures relative to asset base or depreciation exceeding new investments.
Operating lease right-of-use assets
This asset category experiences a consistent decrease from around 7% to approximately 2.5% over the reported timeframe, signaling potential lease terminations, renegotiations, or a shift away from leased assets.
Other assets
Other non-current assets exhibit a mild downward trend from about 6.1% of total assets down to roughly 3.4% with minor fluctuations. The decline is gradual, indicating some disposal or reclassification of these assets over time.
Noncurrent assets
The total noncurrent assets percentage decreases from roughly 14% to near 6.5%, reflecting overall reduction in longer-term asset holdings. This movement aligns with decreases seen in property and equipment, operating lease right-of-use assets, and other assets, suggesting a shift towards a more current asset-heavy structure.
Total assets
Total assets are consistently reported as 100%, serving as a baseline for the proportional changes within asset categories.