Companies /Technology

Palantir Technologies Inc - Class A

NYSE: PLTR Software - Infrastructure
$177.50
â–² $4.77 (+2.76%) today
Markets closed · 11:25pm ET

Q4 2024 Earnings

Reported Feb 3, 2025, 4:07pm ET · SEC source
$0.14
Beat +23.67%
EPS · est. $0.11
$827.5M
Beat +7.60%
Revenue · est. $769.1M
−13.9%
Trailing market
PLTR vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%0+8%Feb 3Feb 4report 4:07pm ETearnings+0.4%+9.9%
−8%0+8%Feb 3Feb 4earnings+0.4%+9.9%
PLTR +9.9%S&P 500 +0.4%
−8%0+8%Feb 3Feb 4report 4:07pm ETearnings+0.8%+9.9%
−8%0+8%Feb 3Feb 4earnings+0.8%+9.9%
PLTR +9.9%NASDAQ +0.8%
−20%0+20%Feb 3Feb 11report 4:07pm ETearnings+0.7%+13.0%
−20%0+20%Feb 3Feb 11earnings+0.7%+13.0%
PLTR +13.0%S&P 500 +0.7%
−20%0+20%Feb 3Feb 11report 4:07pm ETearnings+1.2%+13.0%
−20%0+20%Feb 3Feb 11earnings+1.2%+13.0%
PLTR +13.0%NASDAQ +1.2%
+23.99%
Day of report
−2.38%
Next session
+8.47%
One week
−18.22%
30 days

S&P 500 over the same 30 days: −4.30%.

Did PLTR Beat Earnings? Q4 2024 Results

Palantir delivered a blowout fourth quarter, posting adjusted EPS of $0.14 against a consensus estimate of $0.11, a beat of 23.67%, while revenue climbed 36% year-over-year to $827.52 million, well ahead of the $769.10 million analysts had expected. The standout driver was the company's U.S. commercial business, which surged 64% year-over-year and 20% sequentially to $214 million, with a record $803 million in U.S. commercial total contract value, up 134% year-over-year, underscoring the accelerating demand for Palantir's AI platform. Adjusted operating margin reached 45%, and the company generated $517.38 million in adjusted free cash flow, capping a year in which full-year revenue hit $2.87 billion. <a href="https://247wallst.com/investing/2025/02/01/get-ready-for-palantir-stock-to-skyrocket-on-monday/">Investors had been anticipating a strong move</a> in the stock, and the results gave them plenty of reason; shares surged more than 23% in after-hours trading. Looking ahead, Palantir guided full-year 2025 revenue to $3.74 to $3.76 billion, representing approximately 31% growth, with U.S. commercial revenue expected to exceed $1.08 billion.

Key Takeaways
  • U.S. commercial revenue grew 64% Y/Y and 20% Q/Q to $214 million
  • U.S. government revenue grew 45% Y/Y to $343 million
  • Record-setting $803 million of U.S. commercial total contract value, up 134% Y/Y
  • Customer count grew 43% Y/Y and 13% Q/Q
  • Closed 129 deals of at least $1 million, 58 deals of at least $5 million, and 32 deals of at least $10 million
  • Rule of 40 score of 81%

“Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution. Our early insights surrounding the commoditization of large language models have evolved from theory to fact.”

Palantir CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2025, Palantir expects revenue of $858–$862 million and adjusted income from operations of $354–$358 million. For full year 2025, the company expects revenue of $3.741–$3.757 billion (approximately 31% Y/Y growth), U.S. commercial revenue in excess of $1.079 billion (at least 54% growth), adjusted income from operations of $1.551–$1.567 billion, adjusted free cash flow of $1.5–$1.7 billion, and GAAP operating income and net income in each quarter of 2025.

PLTR YoY Financials

Q4 2024 vs Q4 2023 · SEC filings Q4 2023 Q4 2024
$0$300.0M$600.0M$900.0M$608.3M$827.5MRevenue$499.7M$653.0MGross Profit$65.8M$11.0MOperating Income$93.4M$79.0MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

PLTR Revenue by Segment

U.S. Government$343.0M+45.0%
U.S. Commercial$214.0M+64.0%

PLTR Revenue by Geography

United States$558.0M+52.0%

Figures from SEC filings and company reports. Not investment advice.