Stock Analysis on Net
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
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: 2025-06-30), 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).

Accounts Payable
The accounts payable balance exhibits significant volatility across the periods. After a peak of 74,907 thousand USD at the end of 2021, values declined sharply in 2023, reaching as low as 103 thousand USD by December 2024. Thereafter, there is a moderate increase again in early 2025.
Accrued Liabilities
Accrued liabilities fluctuate within a moderately wide range but generally show an increasing trend from 181,603 thousand USD in March 2021 to 393,623 thousand USD by June 2025. A notable acceleration in growth is observed from late 2023 onward.
Deferred Revenue, Current
Deferred revenue (current) rises consistently from 186,498 thousand USD in March 2021 to 376,784 thousand USD by March 2025, indicating expanding customer prepayments or contract liabilities and strengthening future revenue recognition.
Customer Deposits, Current
Customer deposits (current) fluctuate, with an initial decline between 2021 and 2022, followed by substantial growth spikes in late 2024, reaching 366,946 thousand USD in September 2024. This pattern suggests irregular customer payment cycles or contractual changes.
Operating Lease Liabilities, Current
Current operating lease liabilities display relative stability with minor ups and downs, peaking at about 54,176 thousand USD in December 2023, then decreasing slightly afterward, reflecting manageable lease commitments in the near term.
Current Liabilities
The aggregation of current liabilities remains generally stable with slight fluctuations, starting around 667,626 thousand USD in March 2021 and trending upward to about 1,089,640 thousand USD by June 2025, driven by increases in accrued liabilities, deferred revenue, and customer deposits.
Deferred Revenue, Noncurrent
Noncurrent deferred revenue declines notably from 44,998 thousand USD in early 2021 to a trough below 8,000 thousand USD by September 2024. It shows a moderate rebound toward mid-2025. This decline paired with the increase in current deferred revenue may indicate shifting contract terms favoring near-term recognition.
Customer Deposits, Noncurrent
Noncurrent customer deposits decrease steadily from 70,768 thousand USD in March 2021 to levels under 2,000 thousand USD after mid-2023, implying shorter contractual obligations or quicker realization of deposits.
Debt, Noncurrent, Net
Noncurrent net debt is only reported for March 2021 at 198,185 thousand USD, with no subsequent data. This absence prevents trend analysis thereafter.
Operating Lease Liabilities, Noncurrent
Noncurrent operating lease liabilities show a long-term gradual decline from approximately 222,429 thousand USD in early 2021 to about 192,347 thousand USD in June 2025, indicating steady reduction or amortization of lease-related obligations.
Other Noncurrent Liabilities
Other noncurrent liabilities remain relatively minor and stable, fluctuating between approximately 2,000 and 15,000 thousand USD, without a clear long-term trend.
Noncurrent Liabilities
Noncurrent liabilities exhibit a decline from over 540,000 thousand USD in early 2021 down to around 195,000 thousand USD in early 2024, with modest increases in late 2024 and stabilization afterward, underscoring reduction of longer-term obligations with intermittent increases potentially linked to reclassified liabilities.
Total Liabilities
Total liabilities steadily decrease from about 1,208,242 thousand USD in March 2021 to a trough near 818,802 thousand USD in December 2022, followed by a consistent rise thereafter, reaching approximately 1,340,124 thousand USD by June 2025. This U-shaped pattern reflects an initial liabilities reduction phase succeeded by growth in liabilities, particularly current liabilities.
Common Stock and Additional Paid-In Capital
Common stock shows a slow but steady increase from 1,860 thousand USD to 2,372 thousand USD over the period, consistent with modest equity issuance or small stock increments. Additional paid-in capital grows substantially from around 6.9 billion USD to over 10.5 billion USD, indicating continuous capital injections or equity financing events.
Accumulated Other Comprehensive Income (Loss), Net
This component fluctuates widely, moving from a positive 865 thousand USD in March 2021 to negatives exceeding -9,800 thousand USD in late 2022, followed by volatility, including some positive spikes, suggesting variable components such as foreign currency adjustments or other comprehensive gains/losses.
Accumulated Deficit
The accumulated deficit consistently deepens from -5,088,828 thousand USD to -4,646,665 thousand USD by mid-2025. The reduction in magnitude of the deficit from 2023 onwards indicates improved profit generation or reduced losses over time.
Total Palantir’s Stockholders’ Equity and Total Equity
Both total stockholders' equity and total equity rise steadily throughout the period, with equity increasing from approximately 1.8 billion USD in early 2021 to nearly 6 billion USD by mid-2025, indicative of sustained capital growth and retained earnings accumulation. The inclusion of noncontrolling interests starting in late 2022 further bolsters total equity.
Total Liabilities and Equity
Total liabilities and equity increase steadily from about 3 billion USD in early 2021 to over 7.3 billion USD by June 2025, reflecting overall business expansion, asset growth, and capital accumulation.