Common-Size Income Statement
Quarterly Data
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Debt to Equity since 2020
- Price to Book Value (P/BV) since 2020
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Palantir Technologies Inc., common-size consolidated income statement (quarterly data)
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).
A profound shift in financial performance is observed, characterized by a transition from significant operational losses to substantial net profitability. This evolution is driven by a combination of expanding gross margins and a systematic reduction in operating expenses as a percentage of revenue, indicating strong operating leverage.
- Gross Profitability Trends
- Gross profit margins exhibited a consistent upward trajectory, rising from 78.28% in March 2021 to a peak of 86.78% by December 2025. This trend suggests an improvement in the direct cost of revenue and a higher efficiency in service delivery over the analyzed period.
- Operating Expense Optimization
- A sharp decline in total operating expenses as a percentage of revenue is evident, moving from -111.69% in March 2021 to -37.54% by June 2026. This reduction is distributed across all primary spending categories: sales and marketing expenses fell from -39.88% to -17.54%, research and development costs decreased from -28.86% to -9.95%, and general and administrative expenses saw a significant contraction from -42.95% to -10.05%.
- Operational Profitability Pivot
- Income from operations transitioned from a deep deficit of -33.41% in early 2021 to a substantial surplus of 47.12% by June 2026. The break-even point for operating income was reached in the first quarter of 2023, marking the beginning of a period of accelerated margin expansion.
- Net Income and Non-Operating Factors
- Net income attributable to common stockholders followed the operational recovery, evolving from -36.18% in March 2021 to 54.86% by June 2026. This bottom-line growth was further supported by a significant increase in interest income, which rose from 0.11% in the initial period to peak at 7.32% in December 2023, before stabilizing at approximately 4.00% in 2026. Concurrently, interest expenses became negligible, essentially disappearing from the common-size calculations in the later periods.