Palantir Technologies Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Palantir Technologies (NASDAQ:PLTR) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.87b (up 29% from FY 2023).
• Net income: US$462.2m (up 120% from FY 2023).
• Profit margin: 16% (up from 9.4% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.20 (up from US$0.098 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Palantir Technologies Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Government segment contributing a total revenue of US$1.57b (55% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$887.8m (45% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$151.8m. Explore how PLTR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 4.5% from a week ago.

Valuation

It's possible that Palantir Technologies could be overvalued with our 6-factor valuation analysis indicating potential weakness. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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