Palantir Technologies (PLTR) FY2023 results: revenue $2.2 billion, up 16.7% on the year
Palantir Technologies Inc. (PLTR) reported revenue of $2.2 billion for fiscal 2023, the year ended 31 December 2023, up 16.7% on the year before. Net income was $210 million, and diluted earnings per share $0.09. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$2.2 billion
+16.7% on the year
FY2018FY2023
Operating margin
5.4%
-8.5% a year earlier
FY2018FY2023
Net income
$210 million
FY2018FY2023
Diluted EPS
$0.09
FY2018FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
712
224
334
+218.3%
Capital expenditure
15.1
40.0
12.6
-62.2%
Free cash flow
697
184
321
+279.4%
Free cash flow margin
31.3%
9.6%
20.8%
Cash from investing
-2,711
-45.4
-398
Cash from financing
219
86.0
307
+154.5%
Depreciation and amortisation
33.4
22.5
14.9
+48.1%
Share-based compensation
476
565
778
-15.7%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
2,298m
2,064m
1,924m
+11.3%
Shares outstanding at period end
2,200m
2,099m
2,027m
+4.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,476
2,565
2,291
+35.5%
Non-controlling interest
85.4
77.1
0.0
+10.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
175
204
220
-14.2%
Other liabilities
786
614
736
+27.9%
Total liabilities and equity
4,522
3,461
3,247
+30.7%
Fixed assets
47.8
69.2
31.3
-31.0%
Goodwill
n/a
37.9
1.9
Intangible assets
25.9
35.5
3.8
-27.1%
Investments
2,843
35.1
234
+7,992.0%
Cash and equivalents
831
2,599
2,291
-68.0%
Receivables
365
258
191
+41.2%
Other assets
410
427
495
-3.9%
Total assets
4,522
3,461
3,247
+30.7%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.