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Dec 31, 2023
Palantir Q4 2023 Earnings Report
Palantir reported its fifth consecutive quarter of GAAP profitability.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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