Stock Analysis on Net
Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Palantir Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable
Accrued payroll and related expenses
Accrued taxes
Accrued other liabilities
Accrued liabilities
Deferred revenue, current
Customer deposits, current
Operating lease liabilities, current
Current liabilities
Deferred revenue, noncurrent
Customer deposits, noncurrent
Debt, noncurrent, net
Operating lease liabilities, noncurrent
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss), net
Accumulated deficit
Total Palantir’s stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The analyzed financial data reveals several notable trends across the annual periods under review. Key observations relate to liabilities, equity, and accumulated deficits, providing insight into the company's evolving financial position.

Current Liabilities
Current liabilities display fluctuations with an initial increase from approximately $604 million in 2020 to $660 million in 2021, a decrease to around $588 million in 2022, followed by a rising trend reaching nearly $996 million in 2024. Significant components within current liabilities such as accrued payroll and related expenses show a significant increase from about $85 million in 2020 to over $306 million in 2024, despite a decline in the intervening years. Accounts payable experience a sharp increase peaking at about $75 million in 2021 before dropping drastically to negligible levels by 2024.
Noncurrent Liabilities
Noncurrent liabilities decreased markedly from around $564 million in 2020 to approximately $230 million in 2022 and remained relatively stable in subsequent years, with a slight upward trend to $250 million by 2024. The absence of reported noncurrent debt after 2020 may indicate repayment or reclassification. Operating lease liabilities, both current and noncurrent, exhibit an inverse pattern where current lease liabilities rise initially but decline in 2024, whereas noncurrent lease liabilities steadily decline from 2020 to 2023 before a moderate rise in 2024.
Total Liabilities
Total liabilities peaked in 2020 at nearly $1.17 billion, declined consistently through 2022 to around $819 million, and then increased again to approximately $1.25 billion by 2024. This pattern suggests a cycle of liability reduction followed by renewed borrowing or accruals in later years.
Stockholders' Equity
Equity demonstrates substantial growth over the period, more than tripling from approximately $1.52 billion in 2020 to over $5.09 billion in 2024. This growth is largely driven by increases in additional paid-in capital, which rose steadily from about $6.49 billion to over $10.19 billion. Common stock value also increased modestly, reflecting possible issuance of shares. The presence of noncontrolling interests starting in 2022 indicates possible minority investments or subsidiary ownership interests contributing to total equity.
Accumulated Deficit
The accumulated deficit remained negative throughout but showed improvement since 2022, moving from a deficit of approximately -$5.86 billion in 2022 to about -$5.19 billion in 2024. This trend suggests a reduction in cumulative losses over time, which may reflect improved operational results or other financial factors.
Revenue-Related Liabilities
Deferred revenue and customer deposits, both current and noncurrent, show variable trends. Current deferred revenue increased overall from roughly $190 million in 2020 to about $260 million in 2024, indicating either growth in prepayments or ongoing contractual obligations. In contrast, noncurrent components of deferred revenue and customer deposits sharply declined, potentially reflecting reclassification or fulfillment of longer-term obligations.
Overall Financial Position
Total assets and liabilities plus equity grew significantly, from around $2.69 billion in 2020 to over $6.34 billion by 2024. This growth underlines an expansion phase, characterized by increased shareholder contributions and accumulated equity despite persistent accumulated deficits. The company's financial structure remains leveraged but with a rising equity base.