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.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Selected Financial Data since 2020
- Net Profit Margin since 2020
- Total Asset Turnover since 2020
- Price to Sales (P/S) since 2020
- Analysis of Revenues
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Palantir Technologies Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
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).
The analysis of the quarterly financial data reveals several notable trends in the company's asset composition over the observed periods.
- Cash and Cash Equivalents
- The cash reserves exhibited an overall fluctuating trend. Initially, there was a stable balance near 2.3 billion USD from the first to the eighth quarter. Starting in the ninth quarter, a marked decline occurred, reaching a low point of approximately 520 million USD by the 13th quarter, followed by a sharp recovery to over 2 billion USD by the 16th quarter, and a subsequent decrease towards the end of the period. This volatility suggests active liquidity management or significant cash flows related to operational or investing activities.
- Marketable Securities
- The marketable securities data, initially sparse, showed dramatic growth starting from the ninth quarter. From relatively modest values around 15 thousand USD initially, the balances surged significantly, surpassing 5 billion USD by the last quarter. This indicates an increased allocation of liquid investments or short-term assets during the latter periods.
- Accounts Receivable, Net
- Accounts receivable displayed an increasing trajectory over the period, advancing from about 150 thousand USD initially to nearly 750 thousand USD by the end. Some fluctuations occurred quarter to quarter; notable peaks appeared around the 14th to 16th quarters. This rise likely points to increased sales or expansion of credit terms to customers.
- Prepaid Expenses and Other Current Assets
- This category showed relatively minor variation with values generally maintaining between 80 and 130 thousand USD throughout. Some periods experienced moderate increases, reflecting stable operational expenditures and resource allocation.
- Current Assets
- Current assets consistently increased, almost doubling from approximately 2.6 billion USD in earlier quarters to nearly 6.9 billion USD in the latest quarter. This robust growth primarily reflects the significant increases in marketable securities and accounts receivable.
- Property and Equipment, Net
- The net value of property and equipment showed modest variability with a peak near 69 thousand USD by the eighth quarter, followed by a general decline to around 40 thousand USD in later periods. This pattern may indicate asset depreciation or reduced capital expenditures.
- Operating Lease Right-of-Use Assets
- These assets remained relatively stable, oscillating between approximately 170 and 210 thousand USD without a clear upward or downward trend, suggesting consistent lease-related asset management.
- Other Assets
- Other assets remained in the range of 125 to 230 thousand USD, with a slight upward trend visible towards the end of the observation period, possibly reflecting strategic investments or other noncurrent resources.
- Noncurrent Assets
- Noncurrent assets displayed minor fluctuation but stayed around mid-to-high 300 thousand USD values with a modest increase near the end, indicating relative asset base stability with slight expansion.
- Total Assets
- The total asset base expanded steadily over time, growing from roughly 3 billion USD to nearly 7.4 billion USD. This increase underscores overall growth, driven chiefly by current asset growth alongside stable noncurrent asset values.
In summary, the company's financial position indicates substantial growth in liquid and current assets, supported by rising marketable securities and accounts receivable. The volatility in cash and cash equivalents suggests active cash management, while property and equipment saw modest declines, possibly reflecting depreciative impacts. Consistent expansion in total assets portrays an overall strengthening asset base during the timeframe under review.