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

Simply Wall St
NasdaqGS:PLTR

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).
revenue-and-expenses-breakdown
NasdaqGS:PLTR Revenue and Expenses Breakdown February 20th 2025

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.

Valuation is complex, but we're here to simplify it.

Discover if Palantir Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.