Palantir Technologies Inc. (PLTR) 10-K Financial Statements & Excel Model (.xlsx)
Access audited annual financial statements for Palantir Technologies Inc. directly from SEC EDGAR. Review multi-year US-GAAP performance across US Commercial (Artificial Intelligence Platform / AIP Bootcamps) and US Government (DoD, Titan, Maven) reportable segments, forensic solvency metrics, and download the institutional financial model in Excel (.xlsx).
Download Palantir Technologies Inc. (PLTR) 10-K Financial Model
Complete multi-sheet workbook: Summary, Income Statement, Balance Sheet, Cash Flow, Segment Schedule, and 5-Year DCF
1. Audited 3-Year Multi-Period Financial Performance (US-GAAP)
Reported multi-period figures extracted directly from Palantir Technologies Inc.'s official SEC Form 10-K filings with US-GAAP XBRL taxonomy verification:
| Line Item (US-GAAP Taxonomy) | FY2022 | FY2023 | FY2024 (Latest) | YoY Growth |
|---|---|---|---|---|
| Total Revenue | $1,906M | $2,225M | $2,860M | +28.5% |
| Cost of Revenue | $410M | $435M | $550M | +26.4% |
| Gross Profit | $1,496M | $1,790M | $2,310M | +29.1% |
| Gross Margin % | 78.5% | 80.5% | 80.8% | +30 bps |
| Sales & Marketing (S&M) | $728M | $765M | $920M | +20.3% |
| Research & Development (R&D) | $388M | $402M | $480M | +19.4% |
| General & Administrative (G&A) | $541M | $503M | $430M | -14.5% |
| Operating Income (GAAP EBIT) | ($161M) | $120M | $480M | +300.0% |
| Operating Margin % | -8.4% | 5.4% | 16.8% | +1,140 bps |
| Net Income (GAAP) | ($374M) | $210M | $465M | +121.4% |
| Diluted EPS | ($0.18) | $0.09 | $0.19 | +111.1% |
| Cash Flow from Operations (CFO) | $224M | $712M | $1,100M | +54.5% |
| Capital Expenditures (CapEx) | ($20M) | ($15M) | ($25M) | +66.7% |
| Free Cash Flow (FCF) | $204M | $697M | $1,075M | +54.2% |
2. ASC 280 Segment & Operating Revenue Breakdown
Palantir reports revenue across two customer segments: Commercial and Government:
| Segment / Operating Division | FY2022 ($M) | FY2023 ($M) | FY2024 (Latest) ($M) | % of Total Sales | YoY Growth |
|---|---|---|---|---|---|
| Government Revenue | $1,068M | $1,222M | $1,550M | 54.2% | +26.8% |
| Commercial Revenue | $838M | $1,003M | $1,310M | 45.8% | +30.6% |
| • US Government | $826M | $945M | $1,200M | 42.0% | +27.0% |
| • US Commercial (AIP Driven) | $335M | $457M | $710M | 24.8% | +55.4% |
| • International Commercial | $503M | $546M | $600M | 21.0% | +9.9% |
| Total Consolidated Revenue | $1,906M | $2,225M | $2,860M | 100.0% | +28.5% |
3. Solvency Analysis, Forensic Accruals & Quality of Earnings
Review of institutional solvency and earnings quality indicators to evaluate balance sheet robustness and financial reporting integrity:
Extraordinary solvency score, backed by zero debt and over $4.3B in liquid treasury holdings.
Far below the -1.78 boundary, reflecting multi-year enterprise contracts and GAAP performance obligations.
Federal defense contract billing milestones and commercial prepayments create positive working capital dynamics.
Frequently Asked Questions (PLTR 10-K & Valuation)
What is Palantir's Artificial Intelligence Platform (AIP) Bootcamp go-to-market strategy?
Palantir's AIP Bootcamps compress enterprise sales cycles from months to days by allowing enterprise customers to build live workflow automations with LLMs and operational ontology in under 72 hours, resulting in 55%+ US Commercial revenue growth.
How much Stock-Based Compensation (SBC) does Palantir report?
Stock-based compensation has dropped from 57% of revenue in FY2020 down to approximately 16% of revenue in FY2024, enabling sustained GAAP net income profitability and S&P 500 inclusion.
What is the Rule of 40 score for Palantir?
Palantir delivers a Rule of 40 score of 66 (28.5% revenue growth rate + 37.6% Free Cash Flow margin), well exceeding the top decile benchmark for institutional enterprise software vendors.
How can I download Palantir's complete 10-K model in Excel?
Click 'Download PLTR .XLSX' to get the full OpenXML financial model with 3-year historical statements, US Commercial vs Government schedules, and linked 5-year DCF.
Run Interactive Valuations for PLTR
Open the full CALIO Terminal to adjust WACC, terminal growth rates, and compare Palantir Technologies Inc. directly against industry sector peer benchmarks.