Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Palantir Technologies Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable
Accrued liabilities
Deferred revenue, current
Customer deposits, current
Operating lease liabilities, current
Current liabilities
Deferred revenue, noncurrent
Customer deposits, noncurrent
Debt, noncurrent, net
Operating lease liabilities, noncurrent
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss), net
Accumulated deficit
Total Palantir’s stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).


The analysis of the financial ratios over the reported periods reveals several notable trends in the company’s liabilities and equity structure.

Current Liabilities
Current liabilities as a percentage of total liabilities and equity exhibit a gradual decreasing trend from around 22.15% to approximately 14.55%, indicating a reduction in short-term obligations relative to the overall capital structure. This decline is consistent across accounts payable, accrued liabilities, and deferred revenue components, with accrued liabilities showing modest fluctuations but generally trending lower towards the later periods.
Deferred Revenue and Customer Deposits
Current deferred revenue shows a downward tendency, declining from above 6% to below 4% by the last reported period, which may suggest a slowdown in advance payments or customer commitments. Similarly, customer deposits both current and noncurrent decline significantly, with noncurrent deposits becoming virtually negligible, dropping from over 2% down to approximately 0.02%. This reduction may indicate changes in customer contract terms or settlement patterns.
Operating Lease Liabilities
Both current and noncurrent operating lease liabilities decrease over time. The current portion decreases modestly from slightly above 1% to around 0.57%, while the noncurrent portion exhibits a more pronounced decline from over 7% to roughly 2.33%. This reflects a potential reduction in leased assets or renegotiation of lease terms, diminishing the company’s long-term lease obligations.
Noncurrent Liabilities
The overall noncurrent liabilities trend downward substantially from nearly 18% to just above 3%, driven by decreases in operating lease liabilities and other noncurrent liabilities. The initial presence of noncurrent debt around 6.58% disappears in later periods, suggesting repayment or reclassification of long-term borrowings.
Total Liabilities
Total liabilities decline consistently from about 40% to under 18%, reflecting a significant reduction in the company’s total debt and obligations relative to its total capital base. This indicates a strengthening of the financial position through liability management.
Stockholders’ Equity
Equity as a percentage of total liabilities and equity increases steadily, moving from approximately 60% to over 82%. This strengthens the capital base and signals enhanced shareholder value and financial stability. The additional paid-in capital shows a consistent downward trend after peaking around mid-2022, indicating possible share repurchases or other equity adjustments. Conversely, the accumulated deficit improves considerably from a negative 169% to around minus 51%, showing a reduction in accumulated losses and movement toward profitability or improved retained earnings.
Noncontrolling Interests
Noncontrolling interests are introduced midway through the periods and show a decreasing trend from about 2.23% to 1.21%, signifying a gradual reduction in minority interests within consolidated equity.
Overall Capital Structure
The data reflects a clear transition towards a stronger equity base accompanied by reduced liabilities. The company appears to be deleveraging over time, reducing both short- and long-term obligations while improving equity components and reducing accumulated deficits. The stability and growth in total equity percentages portray improved financial resilience.