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
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: 2025-06-30), 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).


Liabilities Trends
Current liabilities as a percentage of total liabilities and equity show a general decline from 22.15% in March 2021 to 14.79% in June 2025, with some fluctuations. Notably, there was a decrease to around 16.33%-16.5% during 2022 and 2023, followed by a steady downward trend.
Noncurrent liabilities exhibit a significant decrease over the period, dropping from 17.94% in March 2021 to 3.4% in June 2025. This decline is supported by decreases in operating lease liabilities (both current and noncurrent) and other noncurrent liabilities. Operating lease liabilities, current, decreased from around 1.07% to 0.62%, and noncurrent operating lease liabilities fell from 7.38% to 2.61%.
Total liabilities declined markedly from 40.09% in March 2021 to 18.19% by June 2025, reflecting the reductions in both current and noncurrent liabilities categories.
Specific Liability Components
Accounts payable show variability, beginning around 0.57% in early 2021, rising to peaks near 2.31% by the end of 2021, then dropping sharply to near zero by the end of the examined period.
Accrued liabilities remain relatively stable over time, oscillating around 4.5% to 6.7%, with minor fluctuations but no strong trend upward or downward.
Deferred revenue, both current and noncurrent, generally decreased. Current deferred revenue declines from a peak near 7.02% by the end of 2021 to around 5.12% by mid-2025, while noncurrent deferred revenue also decreased significantly from about 1.49% to below 0.7%.
Customer deposits, both current and noncurrent, declined with current deposits falling from 8.3% to near 3.57% and noncurrent deposits reducing from 2.35% to about 0.02%.
Equity Trends
Total stockholders’ equity experienced a steady increase over the period, rising from approximately 59.91% in March 2021 to around 80.49% by June 2025. This upward trend reflects overall strengthening equity relative to liabilities.
Additional paid-in capital shows a clear decline from 228.65% early in 2021 to 143.48% by mid-2025, suggesting possible share buybacks, retirements, or adjustments over time.
The accumulated deficit decreased progressively from -168.83% to -63.09%, indicating improvement in retained earnings or profitability, though deficits remain present.
Noncontrolling interests appear starting in late 2022, gradually declining from 2.23% to 1.31% by mid-2025, indicating a slight reduction in minority equity interests.
Summary Insights
The data demonstrates a clear structural shift in the company's balance between liabilities and equity, with liabilities substantially reducing as a share of total liabilities and equity, accompanied by a corresponding increase in total equity.
Current liabilities, especially customer deposits and deferred revenue, show downward trends, suggesting improving cash flow management or changes in revenue recognition and customer financing.
The consistent reduction in noncurrent liabilities and operating lease obligations may indicate repayment or reclassification of debt and leases, supporting a stronger equity base.
Despite reductions in additional paid-in capital, the significant decrease in accumulated deficit and rise in total equity reflect strengthening financial health and capital structure resilience over the presented periods.