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.

Palantir Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	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	2,330)	103)	27,021)	67,345)	35,634)	12,122)	9,475)	4,613)	4,530)	44,788)	59,507)	56,798)	27,454)	74,907)	17,654)	30,914)	17,234)
Accrued liabilities	371,061)	427,046)	265,244)	195,489)	206,034)	222,991)	174,753)	184,617)	174,525)	172,715)	164,697)	187,568)	150,176)	155,806)	179,467)	166,252)	181,603)
Deferred revenue, current	318,556)	259,624)	236,608)	278,441)	237,195)	246,901)	223,507)	260,335)	229,551)	183,350)	189,771)	219,441)	218,521)	227,816)	208,100)	194,511)	186,498)
Customer deposits, current	231,077)	265,252)	366,946)	221,519)	217,634)	209,828)	228,986)	183,964)	139,741)	141,989)	234,142)	161,026)	232,908)	161,605)	232,707)	257,747)	250,181)
Operating lease liabilities, current	44,419)	43,993)	47,637)	44,125)	54,056)	54,176)	52,204)	51,855)	53,066)	45,099)	40,233)	40,909)	40,045)	39,927)	43,581)	33,162)	32,110)
Current liabilities	967,443)	996,018)	943,456)	806,919)	750,553)	746,018)	688,925)	685,384)	601,413)	587,941)	688,350)	665,742)	669,104)	660,061)	681,509)	682,586)	667,626)
Deferred revenue, noncurrent	36,372)	39,885)	7,825)	15,649)	20,722)	28,047)	34,880)	50,408)	54,400)	9,965)	31,383)	34,143)	33,244)	40,217)	26,723)	40,518)	44,998)
Customer deposits, noncurrent	1,463)	1,663)	3,681)	1,527)	1,651)	1,477)	2,234)	3,099)	4,162)	3,936)	5,533)	15,412)	22,276)	33,699)	42,734)	62,732)	70,768)
Debt, noncurrent, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	198,185)
Operating lease liabilities, noncurrent	200,177)	195,226)	207,278)	214,334)	163,013)	175,216)	184,067)	194,134)	206,422)	204,305)	204,903)	216,059)	227,617)	220,146)	219,646)	216,630)	222,429)
Other noncurrent liabilities	12,489)	13,685)	14,495)	15,645)	9,968)	10,702)	11,414)	12,101)	13,548)	12,655)	2,051)	2,158)	2,192)	2,297)	5,659)	4,239)	4,236)
Noncurrent liabilities	250,501)	250,459)	233,279)	247,155)	195,354)	215,442)	232,595)	259,742)	278,532)	230,861)	243,870)	267,772)	285,329)	296,359)	294,762)	324,119)	540,616)
Total liabilities	1,217,944)	1,246,477)	1,176,735)	1,054,074)	945,907)	961,460)	921,520)	945,126)	879,945)	818,802)	932,220)	933,514)	954,433)	956,420)	976,271)	1,006,705)	1,208,242)
Common stock, $0.001 par value	2,360)	2,339)	2,270)	2,238)	2,227)	2,200)	2,174)	2,149)	2,117)	2,099)	2,080)	2,063)	2,046)	2,027)	1,991)	1,937)	1,860)
Additional paid-in capital	10,398,181)	10,193,970)	9,757,380)	9,463,178)	9,322,803)	9,122,173)	8,938,050)	8,773,043)	8,568,570)	8,427,998)	8,284,686)	8,119,876)	7,953,856)	7,777,085)	7,577,305)	7,294,369)	6,892,046)
Accumulated other comprehensive income (loss), net	(2,994)	(5,611)	4,925)	(4,935)	(5,720)	801)	(7,205)	(5,209)	(4,318)	(5,333)	(9,835)	(6,674)	(4,044)	(2,349)	(1,695)	65)	865)
Accumulated deficit	(4,973,392)	(5,187,423)	(5,266,432)	(5,409,957)	(5,544,083)	(5,649,613)	(5,743,004)	(5,814,509)	(5,842,636)	(5,859,438)	(5,890,316)	(5,766,441)	(5,587,112)	(5,485,733)	(5,329,545)	(5,227,408)	(5,088,828)
Total Palantir’s stockholders’ equity	5,424,155)	5,003,275)	4,498,143)	4,050,524)	3,775,227)	3,475,561)	3,190,015)	2,955,474)	2,723,733)	2,565,326)	2,386,615)	2,348,824)	2,364,746)	2,291,030)	2,248,056)	2,068,963)	1,805,943)
Noncontrolling interests	94,818)	91,132)	93,219)	87,282)	85,945)	85,404)	81,882)	79,664)	79,460)	77,111)	—)	—)	—)	—)	—)	—)	—)
Total equity	5,518,973)	5,094,407)	4,591,362)	4,137,806)	3,861,172)	3,560,965)	3,271,897)	3,035,138)	2,803,193)	2,642,437)	2,386,615)	2,348,824)	2,364,746)	2,291,030)	2,248,056)	2,068,963)	1,805,943)
Total liabilities and equity	6,736,917)	6,340,884)	5,768,097)	5,191,880)	4,807,079)	4,522,425)	4,193,417)	3,980,264)	3,683,138)	3,461,239)	3,318,835)	3,282,338)	3,319,179)	3,247,450)	3,224,327)	3,075,668)	3,014,185)

Accounts Payable: The accounts payable values show significant fluctuations over the observed periods. Initially, a sharp increase occurred from March 2021 (17,234) to June 2021 (30,914), followed by a decrease and then another rise around mid-2022. From early 2023 onward, there is a notable decline with values dropping to a low in December 2024 (103), before a slight increase again by March 2025 (2,330).
Accrued Liabilities: Accrued liabilities generally trended upward over the period, starting at 181,603 in March 2021 and reaching a peak of 427,046 in June 2024. The increases were steady although with some fluctuations, indicating growing obligations accrued by the company.
Current Deferred Revenue: Deferred revenue for the current portion exhibited growth from 186,498 in March 2021 to 227,816 by December 2021, followed by some declines and recoveries. The amounts increased again substantially into 2023 and 2024, peaking at 318,556 in March 2025, suggesting strengthening upfront payments received from customers.
Current Customer Deposits: Customer deposits current showed volatility, with values fluctuating between approximately 140,000 and 250,000 in 2021 and 2022. There was a notable surge in late 2024, reaching a peak of 366,946 in September 2024 before declining somewhat by March 2025. These changes may reflect variable advance payments or deposits made by customers.
Operating Lease Liabilities, Current and Noncurrent: Current operating lease liabilities gradually increased from 32,110 in March 2021 to over 54,000 in late 2023, slightly decreasing thereafter. Noncurrent operating lease liabilities showed a declining trend from around 222,000 in March 2021 to approximately 200,000 by early 2025, indicating gradual amortization or reduction in lease obligations.
Current Liabilities: Current liabilities remained relatively stable during 2021 and 2022, hovering around 660,000-690,000, but showed a consistent upward trend starting from late 2022, reaching a peak of 996,018 in December 2024, before a slight reduction in early 2025. This reflects increased short-term obligations over time.
Noncurrent Deferred Revenue and Customer Deposits: Noncurrent deferred revenue generally decreased over the period. Starting above 40,000 in early 2021, it declined to under 10,000 by late 2022, with minor recoveries afterward but ending lower than initial levels. Similarly, noncurrent customer deposits reduced significantly from around 70,768 to approximately 1,463 by March 2025, indicating fewer longer-term customer obligations.
Noncurrent Debt: Data on noncurrent debt appears to be reported only for March 2021 (198,185) and missing thereafter, suggesting either repayment, refinancing, or changes in reporting.
Other Noncurrent Liabilities: Other noncurrent liabilities fluctuated modestly around low thousands initially but experienced spikes in late 2021 and again in 2023-2024, peaking at 15,645 in June 2024, before decreasing somewhat, indicating irregular or periodic obligations.
Noncurrent Liabilities: Noncurrent liabilities showed an overall decreasing trend from over 540,000 in March 2021 to around 195,354 in late 2023, with fluctuations including rises in 2024 and early 2025, stabilizing near 250,000. This may reflect debt repayments or liability reclassifications.
Total Liabilities: Total liabilities declined from 1,208,242 in March 2021 to a low near 818,802 by late 2022, then steadily increased thereafter to above 1,217,944 by March 2025, demonstrating a two-phase pattern with an initial reduction followed by renewed growth in obligations.
Common Stock and Additional Paid-in Capital: Common stock increased steadily in small increments from 1,860 to 2,360 across the timeline. Additional paid-in capital also rose consistently from approximately 6.9 million to nearly 10.4 million, indicating ongoing equity financing and capital raises over time.
Accumulated Other Comprehensive Income (Loss): This metric was negative or marginally positive throughout, showing volatility and wide swings from a low of -9,835 in September 2022 to positive 4,925 in September 2024, reflecting fluctuating unrealized gains or losses from items such as foreign currency translation or investment valuations.
Accumulated Deficit: The accumulated deficit showed a steady decrease in the magnitude of losses over time, improving from -5,088,828 in March 2021 to -4,973,392 in March 2025, indicating gradually narrowing cumulative net losses.
Total Stockholders' Equity: Total stockholders’ equity increased substantially, almost tripling from approximately 1.8 million in March 2021 to over 5.4 million by March 2025. This growth was supported by equity issuance and retention of earnings or gains, reflecting strengthening financial position.
Noncontrolling Interests: Noncontrolling interests appeared in the consolidated figures starting in late 2022, growing steadily from 77,111 to 94,818 by March 2025, showing a modest increasing share of minority ownership interests.
Total Equity and Total Liabilities plus Equity: Total equity's growth was consistent, increasing in line with stockholders’ equity figures. The sum of liabilities and equity grew steadily from approximately 3.0 million in early 2021 to over 6.7 million by March 2025, illustrating overall growth in the company's balance sheet size and capitalization over time.

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Palantir Technologies Inc. (NASDAQ:PLTR)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data