Common-Size Balance Sheet: Assets
Quarterly Data
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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.