Palantir Technologies (PLTR) FY2024 results: revenue $2.9 billion, up 28.8% on the year
Palantir Technologies Inc. (PLTR) reported revenue of $2.9 billion for fiscal 2024, the year ended 31 December 2024, up 28.8% on the year before. Net income was $462 million, up 120.3%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$2.9 billion
+28.8% on the year
FY2018FY2024
Operating margin
10.8%
5.4% a year earlier
FY2018FY2024
Net income
$462 million
+120.3% on the year
FY2018FY2024
Diluted EPS
$0.19
+111.1% on the year
FY2018FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,154
712
224
+62.0%
Capital expenditure
12.6
15.1
40.0
-16.4%
Free cash flow
1,141
697
184
+63.7%
Free cash flow margin
39.8%
31.3%
9.6%
Cash from investing
-341
-2,711
-45.4
Cash from financing
463
219
86.0
+111.7%
Depreciation and amortisation
31.6
33.4
22.5
-5.3%
Share-based compensation
692
476
565
+45.3%
Buybacks
64.2
0.0
0.0
Diluted shares, weighted
2,451m
2,298m
2,064m
+6.7%
Shares outstanding at period end
2,339m
2,200m
2,099m
+6.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,003
3,476
2,565
+44.0%
Non-controlling interest
91.1
85.4
77.1
+6.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
195
175
204
+11.4%
Other liabilities
1,051
786
614
+33.7%
Total liabilities and equity
6,341
4,522
3,461
+40.2%
Fixed assets
39.6
47.8
69.2
-17.0%
Goodwill
n/a
n/a
37.9
Intangible assets
18.1
25.9
35.5
-30.3%
Investments
3,131
2,843
35.1
+10.1%
Cash and equivalents
2,099
831
2,599
+152.5%
Receivables
575
365
258
+57.6%
Other assets
478
410
427
+16.7%
Total assets
6,341
4,522
3,461
+40.2%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.