Palantir Technologies Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.48B | $2.87B | $2.23B | $1.91B | $1.54B | $1.09B | $742.6M | $595.4M |
| Commercial | — | $1.23B | $1.00B | $834.1M | $645.0M | $482.5M | — | $283.5M |
| Government | — | $1.64B | $1.22B | $1.07B | $896.9M | $610.1M | — | $311.9M |
| Cost of Revenue | $789.2M | $566.0M | $431.1M | $408.5M | $339.4M | $352.5M | $242.4M | $165.4M |
| Gross Profit | $3.69B | $2.30B | $1.79B | $1.50B | $1.20B | $740.1M | $500.2M | $430.0M |
| Gross Margin | 82.4% | 80.2% | 80.6% | 78.6% | 78.0% | 67.7% | 67.4% | 72.2% |
| Operating Expenses | ||||||||
| Research & Development | $557.7M | $507.9M | $404.6M | $359.7M | $387.5M | $560.7M | $305.6M | $285.5M |
| SG&A Expense | $657.7M | $593.5M | $524.3M | $596.3M | $611.5M | $669.4M | $320.9M | $306.2M |
| Operating Income | $1.41B | $310.4M | $120.0M | $-161.2M | $-411.0M | $-1.17B | $-576.4M | $-623.4M |
| Operating Margin | 31.6% | 10.8% | 5.4% | -8.5% | -26.7% | -107.4% | -77.6% | -104.7% |
| Interest Expense | — | — | $3.5M | $4.1M | $3.6M | $14.1M | $3.1M | $3.4M |
| Pretax Income | $1.66B | $489.2M | $237.1M | $-361.0M | $-488.5M | $-1.18B | $-567.3M | $-570.9M |
| Income Tax Expense | $22.7M | $21.3M | $19.7M | $10.1M | $31.9M | $-12.6M | $12.4M | $9.1M |
| Net Income | $1.63B | $462.2M | $209.8M | $-373.7M | $-520.4M | $-1.17B | $-579.6M | $-580.0M |
| Net Margin | 36.3% | 16.1% | 9.4% | -19.6% | -33.7% | -106.8% | -78.1% | -97.4% |
| EPS (Basic) | $0.69 | $0.21 | $0.10 | $-0.18 | $-0.27 | $-1.19 | $-1.02 | $-1.11 |
| EPS (Diluted) | $0.63 | $0.19 | $0.09 | $-0.18 | $-0.27 | $-1.20 | $-1.02 | $-1.17 |
| Shares Outstanding (Basic) | 2.37B | 2.25B | 2.15B | 2.06B | 1.92B | 977.7M | 577.0M | 537.3M |
| Shares Outstanding (Diluted) | 2.57B | 2.45B | 2.30B | 2.06B | 1.92B | 979.3M | 577.0M | 544.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |