Palantir Technologies Inc. stock research
FY2023 Q1
Palantir Technologies (PLTR) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit increased relative to both the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin remained stable compared to the preceding quarter and improved compared to the year-ago period.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue and gross profit increased relative to both the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin remained stable compared to the preceding quarter and improved compared to the year-ago period.
- The gross margin was the most notable driver, as it held steady quarter-over-quarter and showed an increase year-over-year.
- Compared to the preceding quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable. Relative to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
79.5%
Gross profit
$417.5M
Revenue
$525.2M
Cost of revenue
$107.6M
Quarter-over-quarter change
n/a
Year-over-year change
n/a
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $525.2M | $417.5M | $107.6M | 79.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Year-ago quarter unavailable
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin was the most notable driver, as it held steady quarter-over-quarter and showed an increase year-over-year.
Compared to the preceding quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable. Relative to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin improved.
Monitor the company's operating cash flow, which was reported as positive for the period in the filing.