Big Bounce for Palantir Technologies Inc. (NASDAQ: PLTR) Stock On Strong Earnings

February 4, 2025 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a leader in retail investor trading ideas for defense and tech stocks issues a trading alert for Palantir Technologies Inc. (NASDAQ: PLTR).

The stock was up over 20 percent after hours following the company reporting financial results for the fourth quarter and fiscal year ended December 31, 2024.

"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," said Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies Inc. "I would also like to congratulate Palantirians for their extraordinary contributions to our growth. They have earned every bit of the compensation from the delivery of their market-vesting stock appreciation rights (SARs)."

Q4 2024 Highlights

U.S. revenue grew 52% year-over-year and 12% quarter-over-quarter to $558 million

U.S. commercial revenue grew 64% year-over-year and 20% quarter-over-quarter to $214 million

U.S. government revenue grew 45% year-over-year and 7% quarter-over-quarter to $343 million

Revenue grew 36% year-over-year and 14% quarter-over-quarter to $828 million

Closed 129 deals of at least $1 million, 58 deals of at least $5 million, and 32 deals of at least $10 million

Closed a record-setting $803 million of U.S. commercial total contract value ("TCV"), up 134% year-over-year and 170% quarter-over-quarter

U.S. commercial remaining deal value ("RDV") of $1.79 billion, up 99% year-over-year and 47% quarter-over-quarter

Customer count grew 43% year-over-year and 13% quarter-over-quarter

Cash from operations of $460 million, representing a 56% margin

Adjusted free cash flow of $517 million, representing a 63% margin

GAAP net income of $79 million, representing a 10% margin

$165 million of net income when excluding one-time SAR-related expenses, representing a 20% margin

GAAP income from operations of $11 million, representing a 1% margin

$142 million of income from operations when excluding one-time SAR-related expenses, representing a 17% margin

Adjusted income from operations of $373 million, representing a 45% margin

Rule of 40 score of 81%

GAAP earnings per share ("EPS") of $0.03

$0.07 EPS when excluding one-time SAR-related expenses

Adjusted EPS of $0.14

Cash, cash equivalents, and short-term U.S. Treasury securities of $5.2 billion

Recent news

https://finance.yahoo.com/news/palantir-reports-q4-2024-revenue-210500114.html

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