Stock Analysis on Net
Stock Analysis on Net

Palantir Technologies Inc. (NYSE:PLTR) 

Income Statement
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Revenue 725,516 678,134 634,338 608,350 558,159 533,317 525,186 508,624 477,880 473,010 446,357 432,867 392,146 375,642 341,234
Cost of revenue (146,639) (128,562) (116,256) (108,639) (107,922) (106,899) (107,645) (104,311) (107,611) (102,224) (94,403) (87,563) (86,804) (90,926) (74,111)
Gross profit 578,877 549,572 518,082 499,711 450,237 426,418 417,541 404,313 370,269 370,786 351,954 345,304 305,342 284,716 267,123
Sales and marketing (209,474) (196,809) (193,177) (197,363) (176,373) (184,163) (187,093) (190,233) (182,918) (168,875) (160,485) (162,593) (153,443) (162,379) (136,097)
Research and development (117,555) (108,781) (110,040) (109,283) (105,708) (99,533) (90,100) (82,044) (100,863) (88,171) (88,601) (84,176) (94,316) (110,524) (98,471)
General and administrative (138,708) (138,643) (133,984) (127,271) (128,173) (132,648) (136,233) (149,862) (148,679) (155,485) (142,307) (157,478) (149,524) (157,961) (146,569)
Operating expenses (465,737) (444,233) (437,201) (433,917) (410,254) (416,344) (413,426) (422,139) (432,460) (412,531) (391,393) (404,247) (397,283) (430,864) (381,137)
Income (loss) from operations 113,140 105,339 80,881 65,794 39,983 10,074 4,115 (17,826) (62,191) (41,745) (39,439) (58,943) (91,941) (146,148) (114,014)
Interest income 52,120 46,593 43,352 44,545 36,864 30,310 20,853 12,750 5,540 1,472 547 480 379 372 376
Interest expense — — — (136) (742) (1,317) (1,275) (1,712) (1,082) (670) (594) (601) (609) (590) (1,840)
Other income (expense), net (8,110) (11,173) (13,507) (3,956) 3,864 (9,024) (2,861) 44,637 (65,046) (135,798) (59,870) (64,118) (8,528) 2,125 (4,894)
Income (loss) before (provision for) benefit from income taxes 157,150 140,759 110,726 106,247 79,969 30,043 20,832 37,849 (122,779) (176,741) (99,356) (123,182) (100,699) (144,241) (120,372)
(Provision for) benefit from income taxes (7,809) (5,189) (4,655) (9,334) (6,530) (2,171) (1,681) (4,360) (1,096) (2,588) (2,023) (33,006) (1,438) 5,661 (3,102)
Net income (loss) 149,341 135,570 106,071 96,913 73,439 27,872 19,151 33,489 (123,875) (179,329) (101,379) (156,188) (102,137) (138,580) (123,474)
Net (income) loss attributable to noncontrolling interests (5,816) (1,444) (541) (3,522) (1,934) 255 (2,349) (2,611) — — — — — — —
Net income (loss) attributable to common stockholders 143,525 134,126 105,530 93,391 71,505 28,127 16,802 30,878 (123,875) (179,329) (101,379) (156,188) (102,137) (138,580) (123,474)

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.