Palantir Q1 revenue $634M (+21% YoY); GAAP net income $106M; raises FY revenue guidance

Palantir Technologies Inc.

2024-Q1 EPS reported $0.04 revenue$634,338,000

GAAP EPS $0.04, adjusted EPS $0.08; net income $106M (17% margin); sixth consecutive GAAP profitable quarter.
Revenue $634M (+21% YoY); US commercial revenue $150M (+40% YoY); customer count up 42% YoY.
Q2 revenue guidance $649-653M; FY24 revenue raised to $2.677-2.689B; US commercial revenue >$661M (≥45% growth).
Adjusted operating income $226M (36% margin); adjusted free cash flow $149M (23% margin); cash $3.9B.
Rule of 40 score 57%; operating cash flow $130M (20% margin); raised adjusted operating income guidance.

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 1.0

Palantir Technologies Inc. reported first quarter ended March 31, 2024 results: revenue $634,338, net income $105,530, EPS $0.04. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $634,338
Net income: $105,530
EPS: $0.04
Guidance: raised
Result: reported results

Exact text from the filing

US treasury securities of $3.9 billion Q1 2024 Financial Summary (Unaudited) (Amounts in thousands, except percentages and per share amounts) First Quarter Amount Revenue $ 634,338 Year-over-year growth 21 % Amount Margin Income from Operations $ 80,881 13 % Adjusted Income from Operations $ 226,458 36 % Cash from Operations $ 129,579 20 % Adjusted Free Cash

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

Palantir Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001321655-24-000069

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.