secwatch.observer — SEC 8-K summary
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Issuer:     Palantir Technologies Inc. (PLTR)
CIK:        0001321655
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001321655-24-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321655/000132165524000069/0001321655-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321655/000132165524000069/pltr-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001321655-24-000069

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