Palantir Q4 2023 Earnings Report
Key Takeaways
Palantir Technologies Inc. announced financial results for the fourth quarter and fiscal year ended December 31, 2023, with GAAP net income of $93 million and revenue growth of 20% year-over-year to $608 million.
GAAP net income was $93 million, representing a 15% margin.
Revenue grew 20% year-over-year to $608 million.
US commercial revenue grew 70% year-over-year to $131 million.
Cash, cash equivalents, and short-term US treasury securities totaled $3.7 billion.
Palantir
Palantir
Palantir Revenue by Segment
Palantir Revenue by Geographic Location
Forward Guidance
For Q1 2024, Palantir expects revenue between $612 - $616 million and adjusted income from operations of $196 - $200 million. For full year 2024, Palantir expects revenue between $2.652 - $2.668 billion and US commercial revenue in excess of $640 million.
Positive Outlook
- Revenue of between $612 - $616 million for Q1 2024
- Adjusted income from operations of $196 - $200 million for Q1 2024
- Revenue of between $2.652 - $2.668 billion for full year 2024
- US commercial revenue in excess of $640 million for full year 2024, representing a growth rate of at least 40%
- Adjusted income from operations of $834 - $850 million for full year 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income