Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in thousands

Microsoft Excel
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
Accounts payable
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-Q (reporting date: 2025-09-30), 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).


Current Liabilities
Current liabilities show variability, generally fluctuating between approximately $600 million and $1 billion over the periods. Notably, the value peaks towards the end of the most recent periods, reaching over $1.18 billion by March 2025, indicating increased short-term obligations.
Accounts Payable
Accounts payable demonstrate significant volatility with a peak of nearly $75 million at the end of 2021, a decline in 2023, followed by another substantial increase by the end of the dataset. This suggests irregular payment cycles or variations in operating activities affecting payable turnover.
Accrued Liabilities
Accrued liabilities have experienced fluctuations, with initial values around $180 million decreasing mid-period and then progressively increasing again to exceed $380 million by March 2025. This pattern reflects changing accrual accounting and possible variations in incurred but unpaid expenses.
Deferred Revenue - Current and Noncurrent
Current deferred revenue has increased over time, with a notable rise from roughly $186 million in early 2021 to over $376 million by June 2025, suggesting growing revenue collected in advance. Noncurrent deferred revenue shows a general decline, indicating shorter time frames for service delivery or revenue recognition moving to current periods.
Customer Deposits - Current and Noncurrent
Customer deposits fluctuate markedly, especially in the current category, with values swinging between approximately $140 million and $370 million. Noncurrent deposits decline steadily, possibly reflecting shorter contract durations or accelerated recognition.
Operating Lease Liabilities
Operating lease liabilities, both current and noncurrent, show a downward trend overall. Current liabilities peak around early 2023 but decrease thereafter, while noncurrent liabilities diminish from over $220 million to below $190 million, indicating potential lease terminations or modifications outdoors new leases.
Total Liabilities
Total liabilities generally rise from approximately $1.2 billion in Q1 2021 to over $1.4 billion by early 2025, with some fluctuations. This indicates an overall increase in the company's financial obligations.
Long-Term Debt
Long-term debt data is only available for the early period with a notable value around $198 million as of Q1 2021, after which the values are missing, precluding trend analysis.
Stockholders’ Equity
Total equity shows consistent growth throughout the reported periods, nearly quadrupling from approximately $1.8 billion in early 2021 to almost $6.7 billion by March 2025. This is driven by increases in additional paid-in capital and a reduction in accumulated deficit, highlighting capital raises and improving retained earnings or losses.
Accumulated Deficit
Although still negative, accumulated deficit shows a decreasing negative balance over time, improving from roughly -$5.1 billion in early 2021 to about -$4.2 billion by early 2025. This improvement signals gradual narrowing of losses or increased profitability.
Accumulated Other Comprehensive Income (Loss)
This line item is volatile, with swings between negative and positive values, showing no clear long-term trend but reflecting fluctuations in items that affect equity outside of net income, such as foreign currency adjustments or unrealized gains/losses on investments.
Total Liabilities and Equity
The sum of liabilities and equity grows steadily over the time horizon from roughly $3 billion in early 2021 to over $8 billion by the end of the data period, reflecting balance sheet expansion possibly due to business growth, capital raising, or asset accumulation.
Noncontrolling Interests
Noncontrolling interests appear in later periods, increasing moderately from about $77 million to nearly $98 million, suggesting growing minority ownership in subsidiaries or related entities.

In summary, the company exhibits growth in both equity and liabilities over the analyzed quarters. Increasing deferred revenue and customer deposits indicate strong advance payments from customers. While current liabilities peak towards later periods, total equity grows robustly, supported by paid-in capital and reduced accumulated deficits. The fluctuations in accrued liabilities and accounts payable point to variable operating cash flows or changes in vendor relations. Overall, the financial data reflects expansion with elements indicating improving financial performance and increasing operational scale.