Palantir reports first GAAP net income of $31M in Q4; revenue up 18% to $509M

Palantir Technologies Inc.

2022-FY EPS reported -$0.18 revenue$1,905,871,000

Q4 GAAP net income of $31M (EPS $0.01); first quarter of positive GAAP net income.
Q4 revenue $509M, up 18% YoY; US revenue $302M (+19%), government revenue $293M (+23%).
Q4 adjusted EPS $0.04; adjusted income from operations $114M, margin 22%.
FY2022 revenue $1.91B (+24%); customer count grew 55% YoY, US commercial customers up 79%.
Q1 2023 revenue guidance $503-507M; full year 2023 revenue $2.18-2.23B, expects GAAP net income.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palantir Technologies Inc. reported fourth quarter and fiscal year ended December 31, 2022 results: revenue $509 million, net income $31 million, EPS $0.01. Guidance initiated.

Period: fourth quarter and fiscal year ended December 31, 2022
Revenue: $509 million
Net income: $31 million
EPS: $0.01
Guidance: initiated
Result: reported results

Exact text from the filing

◦ This marks our first quarter of positive GAAP net income • GAAP earnings per share of $0.01 • Adjusted earnings per share of $0.04 • Total revenue grew 18% year-over-year to $509 million ◦ US revenue grew 19% year-over-year to $302 million • Commercial revenue grew 11% year-over-year to $215 million ◦ US commercial revenue grew 12% year-over-year to $77 million •

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Source: SEC EDGAR

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