Palantir Technologies Inc. (NASDAQ:PLTR)

The financial data reflects significant trends in key performance metrics over a five-year period.

Revenue Trends

Revenue shows a consistent and robust upward trajectory, increasing from approximately $1.09 billion in 2020 to roughly $2.87 billion in 2024. This represents more than a twofold increase over the five-year span, indicating strong growth in the company's sales and business scale.

Operating Income (Loss) Trends

The operating income figures reveal a marked improvement in operational efficiency and profitability. Starting with a substantial operating loss of about $1.17 billion in 2020, the losses decreased significantly over subsequent years: approximately $411 million in 2021 and $161 million in 2022. The trend reversed to a positive operating income in 2023, reaching nearly $120 million, which further increased to about $310 million in 2024. This shift from operating losses to operating profits demonstrates an enhanced control over operating expenses and/or improved revenue quality.

Net Income (Loss) Attributable to Common Stockholders

Net income attributable to common stockholders mirrors the pattern observed in operating income but with some volatility. The company experienced substantial net losses from 2020 through 2022, with the largest loss nearing $1.17 billion in 2020 and progressively decreasing losses to around $374 million by 2022. Notably, there is a reversal to positive net income in 2023 amounting to approximately $210 million, which further rises to about $462 million in 2024. This improvement indicates not only operational gains but also potentially favorable non-operating items or tax effects contributing to net profitability.

Overall Analysis

The data suggest a transformative phase where the company has moved from significant losses to profitable operations and net income generation within a five-year period. The strong revenue growth combined with the turnaround in operating income and net income indicates successful strategic initiatives, potential cost management improvements, and/or shifts in business model effectiveness that have enhanced profitability. Continued monitoring of these trends will be essential to assess sustainability and future growth prospects.

The financial data reveals a positive and upward trend in the asset base over the observed five-year period. Both current assets and total assets have demonstrated consistent growth year over year, indicating an expanding resource pool.

Current Assets

Current assets increased steadily from approximately $2.26 billion at the end of 2020 to $5.93 billion by the end of 2024. This represents an overall growth of over 160%, highlighting enhanced liquidity and potentially improved short-term financial strength.

Total Assets

Total assets also exhibited continuous growth, rising from around $2.69 billion in 2020 to $6.34 billion in 2024. This increase of approximately 135% underscores an expansion in the company’s asset base, reflecting investments or acquisitions that contribute to the overall scale of operations.

The growth rate of current assets surpassed that of total assets, which may indicate a strategic emphasis on assets that can be converted into cash more quickly or a shift in asset composition favoring liquidity. The substantial rise in assets over the five years suggests an aggressive approach to scaling operations or strengthening the balance sheet.

Current liabilities

The current liabilities demonstrate a fluctuating upward trend over the observed periods. Beginning at approximately 603.8 million USD at the end of 2020, the figure increased moderately to 660.1 million USD by the end of 2021. A decline was observed in 2022, dropping to around 587.9 million USD. However, this was followed by a significant rise in the subsequent years, reaching about 746.0 million USD in 2023 and further surging to approximately 996.0 million USD by 2024. This indicates an increasing short-term obligation burden toward the latter years.

Total liabilities

Total liabilities reveal a general downward trend from 2020 through 2022, starting at nearly 1.168 billion USD and decreasing to approximately 819 million USD in 2022. Following this decline, total liabilities reversed direction, growing to roughly 961.5 million USD in 2023 and continuing upward to an estimated 1.247 billion USD in 2024. This shift signifies a reduction in overall obligations initially, succeeded by a notable increase, with the 2024 total liabilities exceeding the 2020 level.

Debt, noncurrent, net

Available data for noncurrent net debt is only for 2020, where the amount stood at about 198 million USD. The absence of data in subsequent years prevents analysis of any trends or changes relating to longer-term debt obligations.

Total Palantir’s stockholders’ equity

Stockholders' equity displays a strong and consistent growth trajectory throughout the period under review. Starting at approximately 1.522 billion USD in 2020, equity surged substantially to around 2.291 billion USD in 2021, then continued its steady ascent to 2.565 billion USD in 2022. This growth accelerated further in 2023 to roughly 3.476 billion USD, ultimately reaching an estimated 5.003 billion USD in 2024. This indicates a robust enhancement in the company’s net asset base and potentially reflects retained earnings growth, capital infusions, or a combination thereof.

The financial data reveals distinct trends across operating, investing, and financing activities for the periods ending from 2020 to 2024.

Operating Activities

There is a marked improvement in net cash flow from operating activities over the five-year span. In 2020, this figure was significantly negative at approximately -296.6 million USD, indicating substantial cash outflows. This turned positive in 2021 with a strong inflow of approximately 333.9 million USD. The positive trend continued with fluctuating yet substantial inflows: roughly 223.7 million USD in 2022, a notable increase to 712.2 million USD in 2023, and further growth to approximately 1.15 billion USD by 2024. This trajectory suggests enhanced operational efficiency and increased cash generation capacity from core business activities.

Investing Activities

Net cash used in investing activities has been predominantly negative throughout the entire period, reflecting ongoing investment outflows. The outflow rose modestly from approximately -14.9 million USD in 2020 to a significantly larger outflow of -397.9 million USD in 2021. The following year saw a reduction in outflows to about -45.4 million USD, but 2023 registered a sharp increase again to nearly -2.71 billion USD, followed by a decrease to approximately -340.7 million USD in 2024. These fluctuations may indicate varying levels of capital expenditures or acquisitions, with an extraordinary spike in 2023 suggesting major investment activities during that year.

Financing Activities

Net cash provided by financing activities shows variable but generally positive amounts. The highest financing inflow occurred in 2020 with approximately 1.04 billion USD, after which inflows decreased to 306.7 million USD in 2021 and further to around 86.0 million USD in 2022. There was a slight rebound to approximately 218.8 million USD in 2023 and a further increase to roughly 463.4 million USD in 2024. These patterns imply fluctuating capital raising activities, potentially from equity or debt financing, with a peak at the start of the period followed by lower but still significant inflows in subsequent years.

Overall, the data depicts a company transitioning from negative to positive operational cash flow, coupled with periods of significant investment and variable financing inflows. The substantial rise in operating cash flows alongside large investment outflows in 2023 may highlight a phase of expansion funded partly through financing activities. The financial position appears to be strengthening operationally despite aggressive investing and strategic financing moves.

Basic earnings per share (EPS)

The basic EPS demonstrated a clear upward trend across the observed periods, improving from a negative value of -1.19 US$ at the end of 2020 to positive territory by 2023, reaching 0.1 US$. This positive trend continued in 2024 with an EPS of 0.21 US$. The progressive reduction in losses followed by consistent profitability suggests an improvement in operational performance or cost management over the years.

Diluted earnings per share (EPS)

The diluted EPS exhibited a pattern closely mirroring that of basic EPS. Starting at -1.2 US$ in 2020, it improved significantly to -0.27 US$ in 2021 and further to -0.18 US$ in 2022. The company transitioned into profitability by 2023 with a diluted EPS of 0.09 US$, increasing to 0.19 US$ in 2024. This similarity in trajectory between basic and diluted EPS underscores consistent earnings growth without significant dilution effects impacting shareholder earnings.

Dividend per share

There are no recorded dividends per share throughout the period from 2020 to 2024. This absence indicates that the company has retained all earnings during these years, likely reinvesting in growth or other operational needs rather than distributing profits to shareholders.