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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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Selected Financial Data since 2020
- Net Profit Margin since 2020
- Aggregate Accruals
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Palantir Technologies Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 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 structure over the observed periods.
- Cash and Cash Equivalents
- This category remained relatively stable around two million US dollars up to December 2022. From March 2023 onwards, there was a significant decline, reaching a low point in March 2024. However, there was a notable recovery by the end of 2024, although the value remained below earlier levels. This fluctuation suggests changes in liquidity management or cash flow patterns during this period.
- Marketable Securities
- Starting from limited data in early 2021, marketable securities exhibited a consistent upward trend from late 2022 through early 2025, peaking in the first quarter of 2025. The increase indicates a growing investment in relatively liquid financial assets, potentially as part of a strategy to enhance returns on idle funds.
- Accounts Receivable, Net
- Accounts receivable showed fluctuations with an overall upward trend over the timeframe. The value experienced growth spurts around mid-2023 and again into 2024, reaching the highest level in the first quarter of 2025. This rise may reflect increased sales or longer collection periods.
- Prepaid Expenses and Other Current Assets
- This category fluctuated moderately within a consistent range, with some decreases after early 2023 but also some growth in the latter part of 2024. It suggests stable operating activities with occasional shifts in prepaid commitments or other current asset components.
- Current Assets
- Overall, current assets trended upward significantly, particularly from early 2023 onward, supported by the increases in marketable securities and accounts receivable. The steady growth indicates strengthened short-term asset bases and liquidity capacity.
- Property and Equipment, Net
- Property and equipment showed growth through 2021 and 2022, reaching a peak at the end of 2022, but declined steadily throughout 2023 and 2024. The decline points to asset disposals, depreciation, or reduced capital expenditures during these periods.
- Operating Lease Right-of-Use Assets
- These assets remained relatively stable with minor fluctuations, generally in the range of approximately 170,000 to 220,000 US dollars. No significant trend upward or downward is evident, indicating stable leasing activity.
- Other Assets
- Other assets declined gradually from early 2021 to late 2022 but exhibited a recovery trend starting in 2023, suggesting changes in noncore or intangible assets or adjustments in valuation policies.
- Noncurrent Assets
- Noncurrent assets decreased from early 2021 until early 2023, then showed a modest increase in mid-2023 before stabilizing. This pattern aligns with changes observed in property and equipment and other assets.
- Total Assets
- Total assets displayed a consistent upward trajectory from 2021 through 2025, with more pronounced growth starting in early 2023. This increase reflects the combined effects of expanding current assets and relatively stable noncurrent assets.
In summary, the asset composition demonstrates an increase in liquidity through marketable securities and accounts receivable, offset partially by declines in property and equipment. The total asset base strengthened considerably in recent quarters, highlighting growth and potential changes in asset management strategies.