Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Palantir Technologies Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,225,012)	1,905,871)	1,541,889)	1,092,673)
Cost of revenue	(431,105)	(408,549)	(339,404)	(352,547)
Gross profit	1,793,907)	1,497,322)	1,202,485)	740,126)
Sales and marketing	(744,992)	(702,511)	(614,512)	(683,701)
Research and development	(404,624)	(359,679)	(387,487)	(560,660)
General and administrative	(524,325)	(596,333)	(611,532)	(669,444)
Operating expenses	(1,673,941)	(1,658,523)	(1,613,531)	(1,913,805)
Income (loss) from operations	119,966)	(161,201)	(411,046)	(1,173,679)
Interest income	132,572)	20,309)	1,607)	4,680)
Interest expense	(3,470)	(4,058)	(3,640)	(14,139)
Other income (expense), net	(11,977)	(216,077)	(75,415)	4,111)
Income (loss) before (provision for) benefit from income taxes	237,091)	(361,027)	(488,494)	(1,179,027)
(Provision for) benefit from income taxes	(19,716)	(10,067)	(31,885)	12,636)
Net income (loss)	217,375)	(371,094)	(520,379)	(1,166,391)
Net income attributable to noncontrolling interests	(7,550)	(2,611)	—)	—)
Net income (loss) attributable to common stockholders	209,825)	(373,705)	(520,379)	(1,166,391)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Palantir Technologies Inc. revenue increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Palantir Technologies Inc. income (loss) from operations increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before (provision for) benefit from income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Palantir Technologies Inc. income (loss) before (provision for) benefit from income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) attributable to common stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Palantir Technologies Inc. net income (loss) attributable to common stockholders increased from 2021 to 2022 and from 2022 to 2023.

Palantir Technologies Inc. (NYSE:PLTR)

Income Statement