Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.

Palantir Technologies Inc.

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Total Revenues	3,896.2	2,865.5	2,225	1,905.9	1,541.9	1,092.7	742.6	595.4
Total Revenues %Chg	47.2%	28.8%	16.7%	23.6%	41.1%	47.2%	24.7%	—
Revenue
Cost of Sales	747.7	566	431.1	408.5	339.4	352.5	242.4	165.4
Cost of Revenue
Gross Profit	3,148.4	2,299.5	1,793.9	1,497.3	1,202.5	740.1	500.2	430
Gross Profit
Gross Profit Margin	80.8%	80.2%	80.6%	78.6%	78%	67.7%	67.4%	72.2%
Selling, General & Administrative Expenses	1,713.1	1,481.2	1,269.3	1,298.8	1,226	1,353.1	771.1	768
Sales and Marketing
General and Administrative
Research & Development Expenses	585.6	507.9	404.6	359.7	387.5	560.7	305.6	285.5
Research and Development
Operating Profit	849.7	310.4	120	-161.2	-411	-1,173.7	-576.4	-623.4
Operating Margin	21.8%	10.8%	5.4%	-8.5%	-26.7%	-107.4%	-77.6%	-104.7%
Interest and Investment Income	221.2	196.8	132.6	20.3	1.6	4.7	15.1	10.5
Interest Income
Interest Expense	—	—	—	—	-3.6	-14.1	-3.1	-3.4
Interest Expense
Non-Operating Income	45.7	-18	-15.4	-220.1	-75.4	4.1	-2.9	45.5
Change in Fair Value of Warrants
Other Income, Net
Total Non-Operating Income	266.9	178.8	117.1	-199.8	-77.4	-5.3	9.2	52.5
Income Before Provision for Income Taxes	1,116.5	489.2	237.1	-361	-488.5	-1,179	-567.3	-570.9
Income Before Provision for Income Taxes
Provision for Income Taxes	16.6	21.3	19.7	10.1	31.9	-12.6	12.4	9.1
Provision for Income Taxes
Consolidated Net Income	1,100	467.9	217.4	-371.1	-520.4	-1,166.4	-579.6	-580
Net Income
Net Income Attributable to Minority Interests and Other	4.6	5.7	7.6	2.6	—	—	—	—
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	1,095.4	462.2	209.8	-373.7	-520.4	-1,166.4	-579.6	-598.1
Net Income Attributable to Common Stockholders
Basic EPS	0.5	0.2	0.1	-0.2	-0.3	-1.2	-1	-1.1
Diluted EPS	0.4	0.2	0.1	-0.2	-0.3	-1.2	-1	-1.2
Basic Weighted Average Shares Outstanding	2,349	2,250.2	2,147.4	2,063.8	1,923.6	977.7	577	537.3
Total Shares Outstanding	2,383.4	2,338.8	2,200.1	2,099.1	2,027.5	1,792.1	581.5	549.4
Diluted Weighted Average Shares Outstanding	2,553.8	2,450.8	2,297.9	2,063.8	1,923.6	979.3	577	544
EBITDA	875.8	342	153.3	-138.7	-396.1	-1,159.8	-564.2	-609.5
Effective Tax Rate	1.5%	4.3%	8.3%	-2.8%	-6.5%	1.1%	-2.2%	-1.6%