Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2022 Rev YoY: +21.9% EPS YoY: +19.4% Move: -4.78%

Palantir Technologies Inc

PLTR

$147.56 -4.78%

Exchange NASDAQ Sector Technology Industry Software Infrastructure

Q3 2022

Published: Nov 7, 2022

Company Status Snapshot

Fast view of the latest quarter outcome for PLTR

Reported

Report Date

Nov 7, 2022

Quarter Q3 2022

Revenue

477.88M

YoY: +21.9%

EPS

-0.06

YoY: +19.4%

Market Move

-4.78%

Previous quarter: N/A

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Earnings Highlights

Revenue of $477.88M up 21.9% year-over-year
EPS of $-0.06 increased by 19.4% from previous year
Gross margin of 77.5%
Net income of -123.88M
""Our work in supply chains is powered by foundry's data integration capabilities... we've started 25 supply chain projects this year alone" - Ryan Taylor, Chief Business Affairs and Legal Officer" - Ryan Taylor

PLTR

Palantir Technologies Inc

Period Q3 2022

Currency USD

Report Type Quarterly Earnings

Generated Mar 26, 2026

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Executive Summary

Palantir Technologies Inc (PLTR) reported its Q3 2022 results on November 7, 2022, showcasing a solid revenue growth of 22% year-over-year, with total earnings reaching $478 million. The company highlighted its robust performance in both the government and commercial sectors, emphasizing its unique value proposition amid macroeconomic challenges. Management noted a significant increase in customer count and contract values, reinforcing Palantir's pivotal role in data integration technologies. The company reaffirmed its guidance for 2022 revenue, forecasting between $1.9 billion to $1.902 billion, with expectations of continued demand due to geopolitical uncertainties.

Key Performance Indicators

Revenue

Increasing

477.88M

QoQ: 1.03% | YoY: 21.86%

Gross Profit

Increasing

370.27M

77.48% margin

QoQ: -0.14% | YoY: 21.26%

Operating Income

Decreasing

-62.19M

QoQ: 48.98% | YoY: -32.36%

Net Income

Increasing

-123.88M

QoQ: -30.92% | YoY: 21.28%

EPS

Increasing

-0.06

QoQ: -31.62% | YoY: 19.40%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue and Profitability:
- Q3 Revenue: $478 million, a 22% increase year-over-year and a 1% increase quarter-over-quarter.
- Gross Profit Margin: 77.48%, indicating effective cost management.
- Net Income: Loss of $123.87 million, affected by additional investment in R&D.
- Adjusted Free Cash Flow: $37 million, marking the eighth consecutive quarter of positive adjusted free cash flow.

Operational Metrics:
- U.S. commercial revenue surged 53% year-over-year, demonstrating strong market demand.
- Customer count increased by 66% from the previous year, reaching a total of 337 customers.

Management attributed the strong performance in growing U.S. commercial customers to innovative software applications and partnership expansions in response to ongoing supply chain crises.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	477.88M	21.86%	1.03%
Gross Profit	370.27M	21.26%	-0.14%
Operating Income	-62.19M	-32.36%	48.98%
Net Income	-123.88M	21.28%	-30.92%
EPS	-0.06	19.40%	-31.62%

Key Financial Ratios

Gross Profit Margin

Excellent

77.50%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Weak

-0.13%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.26%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.04%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.05%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

4.28

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.39

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Negative

-34.02x

Negative earnings make P/E ratio not meaningful

Price to Book

High Premium

7.06x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	827.52	0.03	+36.0%	View
Q3 2024	725.52	0.06	+30.0%	View
Q2 2024	678.13	0.06	+27.2%	View
Q1 2024	634.34	0.04	+20.8%	View
Q4 2023	608.35	0.04	+19.6%	View
Q3 2022	477.88	-0.06	+21.9%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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