Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2020
- Debt to Equity since 2020
- Total Asset Turnover since 2020
- Price to Operating Profit (P/OP) since 2020
- Analysis of Revenues
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Palantir Technologies Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2025-12-31), 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).
The statement of comprehensive income reveals a significant shift in financial performance over the five-year period. Initially, the company experienced substantial net losses, which transitioned to profitability and then accelerated growth in later years. Comprehensive income mirrors this trend, though adjusted by other comprehensive income components.
- Net Income Trend
- Net income demonstrates a dramatic improvement. From a loss of approximately US$520 million in 2021, it moved to a loss of US$371 million in 2022. A turning point occurred in 2023, with net income reaching US$217 million, followed by substantial increases to US$468 million in 2024 and US$1.63 billion in 2025. This indicates a strong positive trajectory in core operational profitability.
- Other Comprehensive Income
- Other comprehensive income exhibits volatility. Beginning with a modest positive value of US$396 thousand in 2021, it became negative in 2022 (US$2.98 million loss) before recovering to a positive US$6.13 million in 2023. It then declined again to a loss of US$6.41 million in 2024, and increased significantly to a gain of US$19.55 million in 2025. The primary driver of this fluctuation appears to be foreign currency translation adjustments and net unrealized gains/losses on available-for-sale securities.
- Comprehensive Income
- Comprehensive income, representing the total change in equity, follows the pattern of net income. Losses of approximately US$520 million and US$374 million were recorded in 2021 and 2022, respectively. This shifted to positive values of US$223.5 million, US$461.5 million, and US$1.65 billion in 2023, 2024, and 2025. The magnitude of the increase in comprehensive income from 2023 to 2025 is particularly noteworthy.
- Attribution to Noncontrolling Interests
- Comprehensive income attributable to noncontrolling interests is consistently negative throughout the period, ranging from US$2.6 million to US$9.6 million. The absolute value of this amount increases over time, suggesting a growing portion of comprehensive income is allocated to these interests. This indicates a potential shift in the company’s capital structure or ownership composition.
- Attribution to Common Stockholders
- Comprehensive income attributable to common stockholders mirrors the overall comprehensive income trend, but excludes the impact of noncontrolling interests. The progression from a loss of US$520 million in 2021 to a profit of US$1.64 billion in 2025 highlights the increasing value accruing to common shareholders. The growth rate accelerates in the later years of the period.
In summary, the company demonstrates a substantial turnaround, moving from significant losses to substantial profitability and comprehensive income growth. While other comprehensive income introduces some volatility, the overall trend is strongly positive, particularly for common stockholders.