Palantir Q1 GAAP EPS $0.01, revenue $525M (+18% YoY); guides Q2 revenue $528-532M

Palantir Technologies Inc.

2023-Q1 EPS reported $0.01 revenue$525,186,000

GAAP net income of $17M, second consecutive quarter positive; first quarter of positive GAAP operating income ($4M).
Revenue $525M (+18% YoY); US commercial revenue rose 26% to $107M; government revenue $289M (+20%).
Adjusted EPS $0.05; adjusted income from operations $125M (24% margin); cash from ops $187M (36% margin).
Customer count up 41% YoY; US commercial customer count 155, up 50% YoY from 103.
Q2 revenue guidance $528-532M; adjusted income from ops $118-122M; expects GAAP net income in each quarter of 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Palantir Technologies Inc. reported the first quarter ended March 31, 2023 results: revenue $525 million, net income GAAP net income of $17 million, EPS GAAP EPS of $0.01. Guidance initiated.

Period: the first quarter ended March 31, 2023
Revenue: $525 million
Net income: GAAP net income of $17 million
EPS: GAAP EPS of $0.01
Guidance: initiated
Result: reported results

Exact text from the filing

◦ This marks our first quarter of positive GAAP operating income • GAAP earnings per share (“EPS”) of $0.01 • Adjusted EPS of $0.05 • Total revenue grew 18% year-over-year to $525 million ◦ US revenue grew 23% year-over-year to $337 million • Commercial revenue grew 15% year-over-year to $236 million ◦ US commercial revenue grew 26% year-over-year to $107 million

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Source: SEC EDGAR

accession 0001321655-23-000042

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