Palantir Technologies Inc
PLTR
$181.76 2.16%
Exchange: NASDAQ | Sector: Technology | Industry: Software Infrastructure
Q4 2022
Published: Feb 21, 2023

Earnings Highlights

  • Revenue of $508.62M up 17.5% year-over-year
  • EPS of $0.01 decreased by 118.5% from previous year
  • Gross margin of 79.5%
  • Net income of 30.88M
  • ""This quarter's GAAP profitability illustrates our commitment to fiscal responsibility through management and margins while expanding our business." - Dave Glazer, CFO." - Dave Glazer
PLTR
Palantir Technologies Inc

Executive Summary

In Q4 2022, Palantir Technologies Inc (PLTR) marked a significant milestone by achieving GAAP profitability for the first time in its history, signaling a shift towards a sustainable and profitable business model despite broader economic challenges. The company generated $509 million in revenue, reflecting an 18% year-over-year increase and demonstrating strong demand across its core sectors including government and commercial businesses. Management underscored the importance of disciplined fiscal management, which resulted in an operating loss significantly narrowed to $18 million compared to prior quarters. Coupled with $79 million in cash from operations, Palantir is positioned for continued growth, with management expectations for revenue to exceed $2.2 billion in 2023. Investors should monitor Palantir's progress on its ambitious growth trajectory as it enhances its software capabilities and expands its customer base.

Key Performance Indicators

Revenue
Increasing
508.62M
QoQ: 6.43% | YoY: 17.50%
Gross Profit
Increasing
404.31M
79.49% margin
QoQ: 9.19% | YoY: 17.09%
Operating Income
Decreasing
-17.83M
QoQ: -71.34% | YoY: -69.76%
Net Income
Decreasing
30.88M
QoQ: -124.93% | YoY: -119.77%
EPS
Decreasing
0.01
QoQ: -124.79% | YoY: -118.50%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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
Q4 2022 508.62 0.01 +17.5% View