Palantir Technologies Inc
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 2025
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 Balance Sheets
(in thousands, except per share amounts)
| As of March 31,2025 | As of December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $993,464 | $2,098,524 |
| Marketable securities | 4,437,225 | 3,131,463 |
| Accounts receivable, net | 725,205 | 575,048 |
| Prepaid expenses and other current assets | 126,705 | 129,254 |
| Total current assets | 6,282,599 | 5,934,289 |
| Property and equipment, net | 39,669 | 39,638 |
| Operating lease right-of-use assets | 209,348 | 200,740 |
| Other assets | 205,301 | 166,217 |
| Total assets | $6,736,917 | $6,340,884 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,330 | $103 |
| Accrued liabilities | 371,061 | 427,046 |
| Deferred revenue | 318,556 | 259,624 |
| Customer deposits | 231,077 | 265,252 |
| Operating lease liabilities | 44,419 | 43,993 |
| Total current liabilities | 967,443 | 996,018 |
| Deferred revenue, noncurrent | 36,372 | 39,885 |
| Customer deposits, noncurrent | 1,463 | 1,663 |
| Operating lease liabilities, noncurrent | 200,177 | 195,226 |
| Other noncurrent liabilities | 12,489 | 13,685 |
| Total liabilities | 1,217,944 | 1,246,477 |
| Commitments and Contingencies (Note 7) | ||
| Palantir's stockholders’ equity: | ||
| Common stock, $0.001 par value: 20,000,000 Class A shares authorized as of March 31, 2025 and December 31, 2024; 2,262,655 and 2,242,389 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; 2,700,000 Class B shares authorized as of March 31, 2025 and December 31, 2024; 96,003 and 95,401 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; and 1,005 Class F shares authorized, issued, and outstanding as of March 31, 2025 and December 31, 2024 | 2,360 | 2,339 |
| Additional paid-in capital | 10,398,181 | 10,193,970 |
| Accumulated other comprehensive income (loss), net | (2,994) | (5,611) |
| Accumulated deficit | (4,973,392) | (5,187,423) |
| Total Palantir's stockholders’ equity | 5,424,155 | 5,003,275 |
| Noncontrolling interests | 94,818 | 91,132 |
| Total equity | 5,518,973 | 5,094,407 |
| Total liabilities and equity | $6,736,917 | $6,340,884 |
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