Palantir Technologies Inc.

NasdaqGS-PLTR

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	476.7	328.6	217.7	76.9	149.3	135.6
Net Income
Depreciation & Amortization	6	6.5	6.6	7	8.1	8.1
Depreciation and Amortization
Stock Based Compensation	172.3	160	155.3	281.8	142.4	141.8
Stock-Based Compensation
Other Adjustments	-28.7	4.7	-3.1	41.6	6.9	-1.1
Change in Fair Value of Warrants
Deferred Income Taxes
Noncash Operating Lease Expense
Unrealized and Realized Gain from Marketable Securities, Net
Noncash Consideration
Other Operating Activities
Changes in Trade Receivables	-259.5	-28.5	-135	100.5	-13.4	-176.4
Accounts Receivable, Net
Changes in Accounts Payable	42.4	25.8	22.4	-80.1	17.6	18.1
Accounts Payable
Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities
Changes in Accrued Expenses	—	—	—	115.6	57.8	—
Accrued Liabilities
Changes in Unearned Revenue	39.5	101.9	18.8	-72.2	137.5	40.1
Deferred Revenue, Current and Noncurrent
Customer Deposits, Current and Noncurrent
Contract Liabilities
Contract Liabilities
Changes in Other Operating Activities	58.9	-59.7	27.5	-31.7	4.6	-21.9
Prepaid Expenses and Other Current Assets
Other Assets
Operating Lease Liabilities, Current and Noncurrent
Other Noncurrent Liabilities
Prepaid Expenses and Other Assets
Other Liabilities
Other Operating Activities
Prepaid Expenses and Other Assets
Other Liabilities
Cash from Operating Activities	507.7	539.3	310.3	460.3	419.8	144.2
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-6.8	-7.6	-6.2	-3.1	-4	-2.9
Purchases of Property and Equipment
Purchases of Investments	-3,518.2	-941.5	-1,704.7	-1,973.2	-1,632.6	-527.8
Purchases of Marketable Securities
Purchases of Alternative Investments
Purchases of Privately-Held Securities
Proceeds from Sale of Investments	3,707.6	302.1	350.6	2,622.1	1,317.8	381.8
Proceeds from Sales and Redemption of Marketable Securities
Proceeds from Sales of Alternative Investments
Payments for Business Acquisitions	—	—	—	—	—	—
Business Combinations, Net of Cash Acquired
Other Investing Activities	-1	30	-30	-5.6	-2.8	—
Proceeds from the Sale of Assets Held for Sale
Other Investing Activities
Cash from Investing Activities	181.6	-617	-1,390.3	640.2	-320.7	-148.9
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	—	—	—	—	—	—
Proceeds from Issuance of Debt, Net of Issuance Costs
Repayments of Long-Term Debt	—	—	—	—	—	—
Principal Payments on Borrowings
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—	—	—
Issuance of Common Shares	25.6	28.6	66.6	475.2	170.3	16
Proceeds from the Issuance of Common Stock, Net of Issuance Costs
Proceeds from the Exercise of Common Stock Options
Repurchases of Common Shares	-19.2	-18.6	-18	-18.6	-18.9	-17.7
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	6.4	10	48.6	456.6	151.4	-1.7
Other Financing Activities	-0	-3.6	-77.5	-217.9	-109.2	-0.3
Taxes Paid Related to Net Share Settlement of Equity Awards
Other Financing Activities
Cash from Financing Activities	6.4	6.5	-28.9	238.7	151.4	-2
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	500.9	531.6	304.1	457.2	415.8	141.3
NOPAT	390.2	266.4	171.6	10.5	107.5	101.5
Levered Free Cash Flow	615.6	393.6	283.1	14.6	365.1	175.7
Unlevered Free Cash Flow	530.2	333.3	240.7	-53.9	329.1	143
Net Change in Cash	695.7	-71.3	-1,108.9	1,339.2	250.5	-6.7