Palantir Technologies (PLTR) 10-K Summary — Year Ended Dec 31, 2023
Palantir Technologies Inc. filed its annual report for the period. The company reported positive financial results with revenue growth and profitability, and maintained a strong liquidity position.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Palantir Technologies Inc. filed its annual report for the period. The company reported positive financial results with revenue growth and profitability, and maintained a strong liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.2B
Revenue reported for the fiscal year.
Operating income
$120M
Income from operations reported for the year.
Net income
$209.8M
Net income reported for the year.
Operating cash flow
$712.2M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $1.5B | n/a |
| Dec 31, 2022 | $1.9B | +23.6% |
| Dec 31, 2023 | $2.2B | +16.7% |
Business overview
The business overview section of the filing lists items but does not contain a detailed description of the company's operations.
Financial performance
Revenue increased compared to prior periods. The company achieved positive operating income and net income, and generated positive cash flow from operations.
Material risks
The filing notes that projections of future cash needs are subject to substantial uncertainty. The company has historically incurred significant losses and expects fluctuations in operating results.
Liquidity and capital
The company had a strong liquidity position with cash and equivalents, no outstanding debt, and an undrawn credit facility. Management believes these resources are sufficient to meet operating cash needs for at least the next twelve months.
What to watch
Monitor whether the company can sustain its positive operating cash flow and revenue growth in the next filing.