Palantir Technologies Inc., current enterprise value calculation

Current share price (P)	$106.27
No. shares of common stock outstanding	2,345,356,506
US$ in thousands
Common equity (market value)¹	249,241,036)
Add: Noncontrolling interests (per books)	91,132)
Total equity	249,332,168)
Add: Debt, noncurrent, net (per books)	—)
Total equity and debt	249,332,168)
Less: Cash and cash equivalents	2,098,524)
Less: Marketable securities	3,131,463)
Enterprise value (EV)	244,102,181)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 106.27 × 2,345,356,506

Palantir Technologies Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$124.62	$23.40	$8.47	$11.83	$23.90
No. shares of common stock outstanding¹	2,345,356,506	2,212,732,992	2,101,387,197	2,030,118,339	1,822,267,548
US$ in thousands
Common equity (market value)³	292,278,328)	51,777,952)	17,798,750)	24,016,300)	43,552,194)
Add: Noncontrolling interests (book value)	91,132)	85,404)	77,111)	—)	—)
Total equity	292,369,460)	51,863,356)	17,875,861)	24,016,300)	43,552,194)
Add: Debt, noncurrent, net (book value)	—)	—)	—)	—)	197,977)
Total equity and debt	292,369,460)	51,863,356)	17,875,861)	24,016,300)	43,750,171)
Less: Cash and cash equivalents	2,098,524)	831,047)	2,598,540)	2,290,674)	2,011,323)
Less: Marketable securities	3,131,463)	2,843,132)	35,135)	234,153)	—)
Enterprise value (EV)	287,139,473)	48,189,177)	15,242,186)	21,491,473)	41,738,848)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Palantir Technologies Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 124.62 × 2,345,356,506

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Palantir Technologies Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Palantir Technologies Inc. (NASDAQ:PLTR)

Enterprise Value (EV)