Palantir Technologies Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
PLTR$169.20+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $678,134 | $533,317 | $1,312,472 | $1,058,503 |
| Cost of revenue | 128,562 | 106,899 | 244,818 | 214,544 |
| Gross profit | 549,572 | 426,418 | 1,067,654 | 843,959 |
| Operating expenses: | ||||
| Sales and marketing | 196,809 | 184,163 | 389,986 | 371,256 |
| Research and development | 108,781 | 99,533 | 218,821 | 189,633 |
| General and administrative | 138,643 | 132,648 | 272,627 | 268,881 |
| Total operating expenses | 444,233 | 416,344 | 881,434 | 829,770 |
| Income from operations | 105,339 | 10,074 | 186,220 | 14,189 |
| Interest income | 46,593 | 30,310 | 89,945 | 51,163 |
| Other income (expense), net | (11,173) | (10,341) | (24,680) | (14,477) |
| Income before provision for income taxes | 140,759 | 30,043 | 251,485 | 50,875 |
| Provision for income taxes | 5,189 | 2,171 | 9,844 | 3,852 |
| Net income | 135,570 | 27,872 | 241,641 | 47,023 |
| Less: Net income (loss) attributable to noncontrolling interests | 1,444 | (255) | 1,985 | 2,094 |
| Net income attributable to common stockholders | $134,126 | $28,127 | $239,656 | $44,929 |
| Net earnings per share attributable to common stockholders, basic | $0.06 | $0.01 | $0.11 | $0.02 |
| Net earnings per share attributable to common stockholders, diluted | $0.06 | $0.01 | $0.10 | $0.02 |
| Weighted-average shares of common stock outstanding used in computing net earnings per share attributable to common stockholders, basic | 2,231,592 | 2,131,224 | 2,222,569 | 2,119,567 |
| Weighted-average shares of common stock outstanding used in computing net earnings per share attributable to common stockholders, diluted | 2,414,696 | 2,278,155 | 2,407,402 | 2,252,205 |
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