Palantir Technologies Inc. (NASDAQ:PLTR)

Current Assets

The current assets have demonstrated a consistent upward trajectory over the five-year period. Beginning at approximately $2.26 billion in 2020, the value increased to roughly $5.93 billion by 2024. This represents a significant growth in liquid and short-term assets, indicating strengthened liquidity and asset base.

Adjusted Current Assets

Adjusted current assets closely mirror the pattern observed in current assets, reflecting a steady increase year over year. Notably, from 2020 through 2024, adjusted current assets increased from approximately $2.26 billion to around $5.93 billion. The alignment between current and adjusted current assets suggests minimal adjustment impacts, supporting a stable valuation of short-term financial resources.

Total Assets

The total assets of the company have demonstrated a consistent upward trajectory over the five-year period. Starting from approximately 2.69 billion US dollars at the end of 2020, the assets increased to around 3.25 billion at the end of 2021, representing a growth of approximately 20.6%. The upward trend continued in the subsequent years, reaching roughly 3.46 billion by the end of 2022, 4.52 billion in 2023, and completing the period at about 6.34 billion by the end of 2024. This indicates a substantial expansion of the company's asset base, particularly notable with a marked acceleration between 2023 and 2024, suggesting increased investments or acquisitions during this time.

Adjusted Total Assets

The adjusted total assets closely follow the pattern observed in total assets, beginning at approximately 2.65 billion in 2020 and mirroring the steady growth each subsequent year. The figures for adjusted total assets exhibit slight variations when compared to total assets, particularly evident in 2022 and 2023 with values of approximately 3.47 billion and 4.53 billion respectively, marginally higher than the reported total assets for these years. By 2024, the adjusted total assets converge with the total assets figure at around 6.34 billion. This alignment suggests that adjustments made during the period have largely been reconciled by the end of the latest period, denoting consistency in asset valuation methodologies or accounting practices over time.

Current Liabilities

The current liabilities exhibit a fluctuating trend over the five-year period. Starting at $603,823 thousand as of December 31, 2020, there is a rise to $660,061 thousand in 2021, followed by a decline to $587,941 thousand in 2022. However, the amount increases again in the subsequent years, reaching $746,018 thousand in 2023 and significantly rising to $996,018 thousand by the end of 2024. This pattern indicates increasing short-term obligations, especially pronounced in the last two years, suggesting either an expansion in operational activities or greater short-term financing needs.

Adjusted Current Liabilities

The adjusted current liabilities show a more moderated fluctuation compared to the unadjusted figures. Starting at $414,303 thousand in 2020, the figure rises slightly to $432,245 thousand in 2021, then decreases to $404,591 thousand in 2022. Afterward, it increases to $499,117 thousand in 2023 and then experiences a notable increase to $736,394 thousand in 2024. The adjusted values maintain a similar trend to the total current liabilities but represent lower absolute amounts, which may reflect the exclusion of certain liabilities or adjustments for better comparability. The sharp increase in 2024 indicates a substantial rise in liabilities even after adjustments, potentially impacting liquidity or indicating increased operating scale.

Total liabilities

The total liabilities exhibit a fluctuating trend over the five-year period. Initially, from December 31, 2020 to December 31, 2022, there is a consistent decline, dropping from approximately 1,167,954 thousand US dollars to 818,802 thousand US dollars. However, this downward momentum reverses starting December 31, 2023, with total liabilities increasing to 961,460 thousand US dollars, and further rising to 1,246,477 thousand US dollars by December 31, 2024. This indicates a shift from reducing debt or financial obligations to a phase of rising liabilities in the latter years.

Adjusted total liabilities

The adjusted total liabilities follow a similar pattern to total liabilities but at a consistently lower level, reflecting adjustments likely for non-recurring items or certain liabilities. From 2020 to 2022, there is a steady decrease from around 927,909 thousand US dollars to 613,522 thousand US dollars. Post 2022, a slight increase occurs, reaching 678,449 thousand US dollars by the end of 2023 and further climbing to 939,444 thousand US dollars by the end of 2024. This trend mirrors the total liabilities, reinforcing the observation that the company experienced a progressive reduction in liabilities initially, followed by a resurgence in financial obligations in the most recent years.

Equity Trends

Over the observed five-year period, total Palantir’s stockholders’ equity demonstrated a consistent upward trend. Beginning at approximately $1.52 billion in 2020, it increased steadily each year, reaching about $5.00 billion by the end of 2024. This represents a more than threefold increase in stockholders' equity, indicating robust growth and strengthening of the company’s financial position.

Adjusted Total Equity Trends

Adjusted total equity followed a similar rising trajectory, starting at $1.72 billion in 2020 and growing to $5.40 billion in 2024. The adjusted total equity figures are consistently higher than the reported total stockholders’ equity, which suggests the inclusion of additional components or adjustments that enhance the overall equity valuation. The steady growth pattern supports positive financial development and improved capital structure.

Comparative Analysis

The gap between adjusted total equity and total stockholders’ equity widened progressively each year, highlighting increasing adjustments or components contributing to the adjusted figure. This growing difference might reflect factors such as unrealized gains, valuation of equity-linked instruments, or other adjustments that management includes to present a more comprehensive view of the company’s equity base.

Overall Financial Position

The consistent increase in both total and adjusted equity underlines a strengthening balance sheet position over the five years. This upward trend is indicative of possible retained earnings accumulation, capital infusions, or upward revaluation of assets, all of which contribute positively to the company’s financial stability and investor confidence.

The financial data reveals notable trends in the company’s capital structure and equity position over the five-year period ending December 31, 2024.

Total Reported Debt

Data is only available for the year 2020, with an amount of approximately $198 million. No values are reported for subsequent years, limiting analysis of its trend.

Total Palantir’s Stockholders’ Equity

This item shows a consistent and significant upward trajectory, increasing from approximately $1.52 billion in 2020 to about $5 billion in 2024. The growth is steady each year, indicating strengthening shareholder value and retained earnings or capital injections over the period.

Total Reported Capital

Following the equity pattern closely, total reported capital rose from approximately $1.72 billion in 2020 to about $5 billion in 2024. The congruence between total stockholders’ equity and total reported capital from 2021 onwards suggests a potential shift or reclassification in capital structure reporting.

Adjusted Total Debt

Adjusted total debt decreased from about $457 million in 2020 to a low of approximately $229 million in 2023, followed by a slight increase to $239 million in 2024. This trend indicates an overall reduction in debt levels after 2020, enhancing financial stability, but the minor uptick in the final year may merit further monitoring.

Adjusted Total Equity

Adjusted total equity rose consistently, from roughly $1.72 billion in 2020 to over $5.4 billion in 2024. This increase outpaces the recorded total stockholders’ equity, reflecting possible adjustments such as revaluation or inclusion of additional equity components, enhancing the company’s net asset position.

Adjusted Total Capital

There is a steady increase in adjusted total capital from approximately $2.18 billion in 2020 to about $5.64 billion in 2024. This growth aligns with increases in adjusted equity and the general trend of capital expansion, indicating an increasing resource base or investment funds available to the company.

Overall, the data suggests a robust expansion of equity and capital with a concurrent decline in adjusted debt levels over the observed period, illustrating a strengthening financial position. The consistency in upward trends for equity and capital reflects improved net worth and possibly favorable financing strategies, whereas stabilizing debt levels indicate cautious management of liabilities.

The financial data reveals a consistent and substantial growth trend in both reported and adjusted revenue over the analyzed five-year period. The revenue figures demonstrate a year-over-year increase each fiscal year, indicating robust business expansion.

Revenue Trend

Revenue increased from approximately 1.09 billion US dollars in 2020 to about 2.87 billion US dollars in 2024. This represents an overall growth of over 160% during the five-year span, with the largest absolute increase occurring between 2023 and 2024.

Adjusted Revenue Trend

Adjusted revenue also exhibited a consistent upward trajectory, rising from approximately 1.07 billion US dollars in 2020 to roughly 2.89 billion US dollars in 2024. The growth pattern is similar to reported revenue, suggesting that adjustments have not significantly altered the underlying growth story.

Growth Dynamics

The growth rate appears to accelerate in later years, particularly evident in the adjusted revenue figures where 2024's adjusted revenue exceeds the prior year by approximately 25%. This acceleration indicates strengthening business momentum and possibly improved operational efficiencies or expanding market reach.

Comparative Analysis

The close proximity between reported and adjusted revenue figures throughout the years implies consistency in financial reporting and a stable operating environment without major adjustments or anomalies affecting the revenue recognition.

Overall, the data suggests a strong, steady expansion in revenue with positive momentum heading into the most recent fiscal year. This reflects an effective growth strategy and successful commercialization efforts during the period under review.

The financial data shows a significant improvement in both net income attributable to common stockholders and adjusted net income over the analyzed periods. Initially, the company experienced substantial net losses, with the net loss amounting to approximately -1,166,391 thousand US dollars in 2020. This loss narrowed considerably to -520,379 thousand US dollars in 2021 and further declined to -373,705 thousand US dollars in 2022, indicating a trend of decreasing losses over these years.

By 2023, the net income turned positive, recording 209,825 thousand US dollars, and this positive trend continued into 2024 with an increase to 462,190 thousand US dollars. This transition from significant net losses to profitability suggests substantial improvements in operational efficiency, revenue generation, or cost management.

Similarly, adjusted net income followed a comparable pattern. The adjusted net loss was -1,211,908 thousand US dollars in 2020, which improved to -448,679 thousand US dollars in 2021 but slightly worsened to -438,870 thousand US dollars in 2022. Despite the marginal increase in loss between 2021 and 2022, the adjusted net income then shifted to a positive figure of 300,736 thousand US dollars in 2023 and increased further to 475,001 thousand US dollars in 2024.

The overall trend in both net income and adjusted net income indicates a recovery path from substantial losses to profitability beginning in 2023, with continued growth in earnings in 2024. This positive trajectory may reflect successful strategic initiatives, improved market conditions, or other favorable factors impacting the company’s financial performance.