Palantir Technologies (PLTR) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the prior quarter and the same quarter last year. The company reported higher revenue driven by continued growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the prior quarter and the same quarter last year. The company reported higher revenue driven by continued growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$525.2M
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
+17.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $473M | +25.9% |
| Sep 30, 2022 | $477.9M | +21.9% |
| Dec 31, 2022 | $508.6M | +17.5% |
| Mar 31, 2023 | $525.2M | +17.7% |
Revenue performance
Revenue for the quarter rose from the previous quarter, extending a trend of sequential gains. Year-over-year, revenue also posted a solid increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue was also higher.
What to watch
Monitor the company's ability to sustain positive operating cash flow given its accumulated deficit and expectation of fluctuations.