Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Palantir Technologies Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	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
Cash and cash equivalents	1,615,967)	929,547)	993,464)	2,098,524)	768,710)	512,659)	520,388)	831,047)	1,040,310)	1,055,923)	1,264,738)	2,598,540)	2,411,290)	2,358,393)	2,269,411)	2,290,674)	2,335,068)	2,341,156)	2,339,437)
Marketable securities	4,821,850)	5,070,875)	4,437,225)	3,131,463)	3,795,949)	3,485,800)	3,347,512)	2,843,132)	2,243,264)	2,047,329)	1,639,797)	35,135)	57,342)	99,210)	252,563)	234,153)	148,077)	—)	—)
Accounts receivable, net	1,005,910)	747,484)	725,205)	575,048)	668,110)	659,339)	486,986)	364,784)	430,269)	375,756)	254,041)	258,346)	343,264)	265,826)	256,554)	190,923)	174,405)	242,998)	151,400)
Prepaid expenses and other current assets	142,429)	142,487)	126,705)	129,254)	119,193)	115,712)	81,178)	99,655)	95,554)	97,906)	97,571)	149,556)	134,714)	179,010)	148,846)	147,500)	153,940)	78,398)	98,861)
Current assets	7,586,156)	6,890,393)	6,282,599)	5,934,289)	5,351,962)	4,773,510)	4,436,064)	4,138,618)	3,809,397)	3,576,914)	3,256,147)	3,041,577)	2,946,610)	2,902,439)	2,927,374)	2,863,250)	2,811,490)	2,662,552)	2,589,698)
Property and equipment, net	45,706)	43,523)	39,669)	39,638)	40,345)	43,483)	46,906)	47,758)	50,133)	54,097)	63,115)	69,170)	57,822)	47,644)	41,866)	31,304)	28,778)	24,824)	27,378)
Operating lease right-of-use assets	204,315)	203,474)	209,348)	200,740)	211,570)	213,453)	173,707)	182,863)	190,191)	199,661)	210,019)	200,240)	199,359)	211,410)	224,888)	216,898)	220,846)	209,243)	213,331)
Other assets	277,783)	228,298)	205,301)	166,217)	164,220)	161,434)	150,402)	153,186)	143,696)	149,592)	153,857)	150,252)	115,044)	120,845)	125,051)	135,998)	163,213)	179,049)	183,778)
Noncurrent assets	527,804)	475,295)	454,318)	406,595)	416,135)	418,370)	371,015)	383,807)	384,020)	403,350)	426,991)	419,662)	372,225)	379,899)	391,805)	384,200)	412,837)	413,116)	424,487)
Total assets	8,113,960)	7,365,688)	6,736,917)	6,340,884)	5,768,097)	5,191,880)	4,807,079)	4,522,425)	4,193,417)	3,980,264)	3,683,138)	3,461,239)	3,318,835)	3,282,338)	3,319,179)	3,247,450)	3,224,327)	3,075,668)	3,014,185)

Cash and Cash Equivalents: The cash and cash equivalents exhibited a relatively stable level until the end of 2022, fluctuating between approximately 2.3 billion and 2.6 billion US dollars. However, from the first quarter of 2023 onwards, a marked decline is observed, reaching a low point around 520 million by the first half of 2024, followed by a partial recovery toward the end of 2024 and into 2025, peaking again above 1.6 billion US dollars. This pattern suggests significant cash outflows or investments during early 2023, with subsequent replenishment.
Marketable Securities: Marketable securities demonstrate a strong upward trend beginning in early 2023, increasing steadily from approximately 1.6 billion US dollars to over 5 billion US dollars by mid-2025. This substantial growth signals a strategic allocation of resources into liquid, marketable investments contributing to overall asset growth.
Accounts Receivable, Net: Accounts receivable show variability but maintain an upward trajectory over the entire period. Beginning at roughly 150 million US dollars in early 2021, the figure rises consistently to exceed 1 billion US dollars by the third quarter of 2025. This trend may reflect growing sales or extended credit terms.
Prepaid Expenses and Other Current Assets: This category fluctuates moderately without a clear directional trend, ranging around 80 million to 150 million US dollars. The relative stability indicates consistent expenditure patterns on prepaid items and other current assets.
Current Assets: Current assets significantly increased over the period, rising from approximately 2.6 billion US dollars in early 2021 to nearly 7.6 billion US dollars by the first quarter of 2025. The majority of this growth appears driven by increases in marketable securities and accounts receivable, underscoring enhanced liquidity and operational scale.
Property and Equipment, Net: Net property and equipment values saw gradual growth until the end of 2022, rising from about 27 million to nearly 69 million US dollars. However, from 2023 onward, there is a noticeable decline to about 40 million US dollars by mid-2024, followed by a modest recovery to approximately 46 million by late 2025. This pattern may reflect asset disposals or depreciation exceeding new investments during 2023, with reinvestments resuming thereafter.
Operating Lease Right-of-Use Assets: Operating lease right-of-use assets remained relatively stable, fluctuating around the 170 million to 210 million US dollar range across all periods, with minor declines in the early 2020s and slight recoveries thereafter. This steadiness indicates consistent leasing arrangements without significant changes in leasehold assets.
Other Assets: Other assets display a modest increasing trend, climbing from approximately 184 million US dollars at the start of 2021 to nearly 278 million by the third quarter of 2025. This gradual increase suggests accumulation or reclassification of miscellaneous noncurrent assets over time.
Noncurrent Assets: Noncurrent assets maintain relative stability, ranging between 370 million and 530 million US dollars, without clear long-term growth. Some fluctuations occur notably in 2021 and 2022, but totals stabilize around mid-400 million to just over 500 million by 2025, indicating consistent investment in long-term asset bases.
Total Assets: Total assets increased steadily throughout the period, growing from roughly 3 billion US dollars in early 2021 to over 8.1 billion by early 2025. This notable asset growth is driven principally by expansions in current assets, reflecting the company's scaling operations and increased liquidity position.

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Palantir Technologies Inc. (NASDAQ:PLTR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data