Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2020
- Operating Profit Margin since 2020
- Return on Equity (ROE) since 2020
- Total Asset Turnover since 2020
- Price to Earnings (P/E) since 2020
- Price to Book Value (P/BV) since 2020
- Analysis of Revenues
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Palantir Technologies Inc., consolidated income statement (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 analyzed financial data for the company over multiple quarterly periods reveals several discernible trends and noteworthy fluctuations across key financial metrics.
- Revenue
- Revenue demonstrates a consistent upward trajectory from approximately $341 million in the first quarter of 2021 to nearly $884 million by the first quarter of 2025, indicating steady growth over the analyzed period. This reflects expanding sales or service delivery capability.
- Cost of Revenue
- The cost of revenue generally increases alongside revenue but exhibits some irregularities. It rose from about $74 million in early 2021 to a peak of roughly $174 million in late 2024, then slightly decreased by early 2025. This suggests the company is scaling operations, although cost control may vary quarter to quarter.
- Gross Profit
- Gross profit correspondingly grows from around $267 million to $711 million by the end of the period, reflecting improved absolute profitability. The gross margin appears stable or slightly improving, as gross profit increases at a rate that generally matches or exceeds revenue growth.
- Operating Expenses
- Operating expenses present volatility. Aggregate expenses, comprising sales and marketing, research and development, and general and administrative expenses, fluctuated but overall trended upward. Particularly notable is the marked increase in sales and marketing expenses in late 2024, with a spike close to $288 million, followed by a decline. Research and development expenses rose substantially in the last two years, peaking at around $171 million before tapering. General and administrative costs also increased markedly toward the end of the timeline.
- Income (Loss) from Operations
- Operating performance showed improvement from persistent operational losses in early periods to positive operating income in most quarters post-2022. The company recorded operating income rising progressively, peaking above $110 million at times but with some fluctuations, indicating strengthening operational efficiency and potential profitability stabilization.
- Interest Income and Expense
- Interest income increased significantly over time, indicating either growing investments or improved cash management. Interest expense remained relatively low and stable with minor fluctuations, suggesting moderate debt levels or financing costs.
- Other Income (Expense), Net
- This category fluctuated widely, with substantial negative impacts in some quarters, such as large losses in late 2021 and mid-2022, alternating with positive contributions in other periods. This volatility could be related to non-operational factors such as asset sales, investments, or currency effects.
- Income Before Taxes
- Pre-tax income followed an improving trend, moving from deep losses of over $120 million in early 2021 to gains exceeding $220 million by early 2025. Despite intermittent setbacks, overall profitability before taxes strengthened considerably.
- Provision for Income Taxes
- Tax provisions were variable, sometimes providing benefits and at other times costs, but remained relatively small compared to pre-tax income figures. There is no clear trend, suggesting changing tax situations or effective tax rate adjustments.
- Net Income (Loss)
- Net income shifted from consistent significant losses in 2021 and early 2022 to solid positive earnings in subsequent years. The most recent quarters report substantial net profits, with the latest period showing net income above $217 million. The improvement signals a successful transition to sustainable profitability.
- Net Income Attributable to Common Stockholders
- This metric aligns closely with overall net income and confirms that the earnings attributable to common shareholders followed the same progression from losses to notable profitability over the analyzed period. Minor adjustments related to noncontrolling interests are apparent but do not materially alter this trend.
Overall, the financial data indicates a company in growth mode with increasing revenues and gross profits, accompanied by expanding operating expenses that have been somewhat managed to enable a progression from operational losses to consistent profitability. Volatility in other income and tax provisions suggests episodic impacts outside core operations. The upward trend in interest income and restrained interest expense highlights improving financial management. The company demonstrates improving financial health and operational efficiency over the quarters analyzed.