Palantir Technologies is an American company that helps organizations make sense of big data. Founded in 2003 by Peter Thiel, Stephen Cohen, Joe Lonsdale, and Alex Karp, it’s based in Denver, Colorado. Palantir creates software platforms like Palantir Gotham for intelligence and defense, Palantir Foundry for data analysis, Palantir Apollo for continuous delivery, and Palantir AIP for AI solutions.
Originally focused on U.S. federal agencies, Palantir has expanded to work with international governments, local governments, and private companies. Their software helps these organizations integrate and analyze large amounts of data to make decisions quickly.
Palantir plays a crucial role in the AI industry, with its technology being used in various fields like defense, healthcare, and manufacturing. The company has seen strong financial growth and has a positive outlook for the future.
Palantir Fiscal Q4 2024
In Q4 2024, Palantir Technologies (PLTR) outperformed expectations with a revenue of $828 million, surpassing the forecasted $780 million.
The company’s GAAP earnings per share (EPS) was $0.03, higher than the forecasted $0.02.
These results demonstrate Palantir’s strong financial performance and effective management.
Q4 2024 Highlights
- U.S. revenue: $558 million, up 52% from last year and 12% from last quarter.
- U.S. commercial revenue: $214 million, up 64% from last year and 20% from last quarter.
- U.S. government revenue: $343 million, up 45% from last year and 7% from last quarter.
- Total revenue: $828 million, up 36% from last year and 14% from last quarter.
- Closed deals: 129 deals worth at least $1 million, 58 deals worth at least $5 million, and 32 deals worth at least $10 million.
- Adjusted free cash flow: $517 million, with a 63% margin.
- Adjusted net income: $165 million, with a 20% margin.
- Adjusted income from operations: $142 million, with a 17% margin.
- GAAP earnings per share (EPS): $0.03.
- Adjusted EPS: $0.07.
- Cash and equivalents: $5.2 billion.
Guidance
For Q1 2025, the company expects revenue to be between $858 million and $862 million, and adjusted income from operations to be between $354 million and $358 million.
For the full year 2025, they anticipate revenue to be between $3.741 billion and $3.757 billion, with U.S. commercial revenue exceeding $1.079 billion, which represents a growth rate of at least 54%.
Boards Statements
Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies, stated that their business results continue to astound, demonstrating their deepening position at the center of the AI revolution.
He noted that their early insights surrounding the commoditization of large language models have evolved from theory to fact. He also congratulated Palantirians for their extraordinary contributions to the company’s growth, acknowledging that they have earned every bit of the compensation from the delivery of their market-vesting stock appreciation rights (SARs).
Impact on the Stock Market
Palantir Technologies Inc.’s recent financial results and positive outlook for 2025 have caused their stock to jump more than 23% in after-hours trading. Investors are excited about the strong revenue forecast due to high demand for their AI software. The stock reached a new high of $83.74, and it has increased by 340% in 2024.
This shows that investors have a lot of confidence in Palantir’s growth and their position in the AI industry.
