Stock Analysis on Net
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
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 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: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 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).


The asset composition demonstrates a significant strategic shift in liquidity management and a progressive reduction in the proportion of non-current assets. The overall asset structure has transitioned toward an increasingly liquid profile, with current assets expanding from 85.92% in March 2021 to 95.04% by June 2026.

Liquidity and Treasury Management
A fundamental reallocation of liquid assets is evident. Between March 2021 and December 2022, cash and cash equivalents served as the primary asset, though their share declined from 77.61% to 75.08%. Starting in March 2023, a sharp pivot occurred where cash holdings dropped significantly, coinciding with a surge in marketable securities, which rose from negligible levels to peak at 69.64% in March 2024. This suggests a transition from holding stagnant cash to seeking higher yields through short-term investments. While cash levels fluctuated, including a notable spike to 33.10% in December 2024, the long-term trend emphasizes marketable securities as the dominant component of the balance sheet.
Working Capital Trends
Accounts receivable, net, have exhibited a gradual upward trajectory, increasing from 5.02% of total assets in March 2021 to 12.72% by June 2026. This trend indicates that a larger portion of the asset base is tied up in outstanding customer invoices, which may correlate with business growth or shifts in credit terms. Conversely, prepaid expenses and other current assets have seen a steady decline, falling from 3.28% to 1.76% over the analyzed period.
Non-current Asset Contraction
There is a consistent downward trend in the weighting of non-current assets, which decreased from 14.08% in March 2021 to 4.96% by June 2026. This contraction is primarily driven by the reduction of operating lease right-of-use assets, which fell from 7.08% to 1.97%. Additionally, property and equipment, net, remained minimal throughout the period, declining from 0.91% to 0.53%, highlighting an asset-light operational model.