Palantir Technologies (PLTR) Revenue — Quarter Ended Sep 30, 2024
Revenue rose compared to the prior quarter and also increased sharply relative to the same quarter one year earlier. This marks the fourth consecutive quarter of positive year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue rose compared to the prior quarter and also increased sharply relative to the same quarter one year earlier. This marks the fourth consecutive quarter of positive year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$725.5M
Revenue reported for this quarter.
Quarter-over-quarter
+7.0%
Change from the immediately preceding quarter.
Year-over-year
+30.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.6B
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 |
|---|---|---|
| Dec 31, 2023 | $608.4M | +19.6% |
| Mar 31, 2024 | $634.3M | +20.8% |
| Jun 30, 2024 | $678.1M | +27.2% |
| Sep 30, 2024 | $725.5M | +30.0% |
Revenue performance
The reported revenue for the quarter increased from the immediately preceding period. The trend data show a steady sequential improvement over the last four quarters.
Quarterly comparison
Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. The comparison to the previous year reflects a substantially larger increase than the sequential change.
What to watch
No explicit risk or management discussion context is provided to identify a specific watch item beyond the reported revenue comparisons.