Palantir Technologies Files Q3 2024 10-Q Report
Ticker: PLTR · Form: 10-Q · Filed: Nov 5, 2024 · CIK: 1321655
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Palantir's Q3 2024 10-Q is in. Check financials.
AI Summary
Palantir Technologies Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024 and provides financial details for the company. Key financial data and operational information are presented in this report.
Why It Matters
This 10-Q filing provides investors and analysts with the official financial performance and operational status of Palantir Technologies for the third quarter of 2024, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal significant financial health and operational risks for the company.
Key Numbers
- Q3 2024 — Reporting Period (Covers the third quarter of the fiscal year 2024.)
- 12/31 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)
Key Players & Entities
- Palantir Technologies Inc. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- 20241105 (date) — Filing date
FAQ
What is the filing date of this 10-Q report?
The filing date for this 10-Q report is November 5, 2024.
What is the period of report for this 10-Q filing?
The period of report for this 10-Q filing is September 30, 2024.
What is the company's Central Index Key (CIK)?
Palantir Technologies Inc.'s Central Index Key is 0001321655.
What is the Standard Industrial Classification (SIC) code for Palantir Technologies?
The SIC code for Palantir Technologies is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
When does Palantir Technologies' fiscal year end?
Palantir Technologies' fiscal year ends on December 31.
Filing Stats: 4,427 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2024-11-04 18:08:49
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share PLTR New York Stock Exchange
Filing Documents
- pltr-20240930.htm (10-Q) — 1886KB
- a2020equityincentiveplan20.htm (EX-10.1) — 681KB
- a2024q3exhibit311.htm (EX-31.1) — 12KB
- a2024q3exhibit312.htm (EX-31.2) — 12KB
- a2024q3exhibit321.htm (EX-32.1) — 10KB
- 0001321655-24-000209.txt ( ) — 8822KB
- pltr-20240930.xsd (EX-101.SCH) — 46KB
- pltr-20240930_cal.xml (EX-101.CAL) — 70KB
- pltr-20240930_def.xml (EX-101.DEF) — 259KB
- pltr-20240930_lab.xml (EX-101.LAB) — 644KB
- pltr-20240930_pre.xml (EX-101.PRE) — 448KB
- pltr-20240930_htm.xml (XML) — 1069KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Equity 6 Condensed Consolidated Statements of Cash Flows 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.
Controls and Procedures
Controls and Procedures 38
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 39 Item 1A.
Risk Factors
Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 89 Item 3. Defaults Upon Senior Securities 89 Item 4. Mine Safety Disclosures 89 Item 5. Other Information 89 Item 6. Exhibits 91 2 Table of contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) Palantir Technologies Inc. Condensed Consolidated Balance Sheets (in thousands, except per share amounts) (unaudited) As of September 30, As of December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 768,710 $ 831,047 Marketable securities 3,795,949 2,843,132 Accounts receivable, net 668,110 364,784 Prepaid expenses and other current assets 119,193 99,655 Total current assets 5,351,962 4,138,618 Property and equipment, net 40,345 47,758 Operating lease right-of-use assets 211,570 182,863 Other assets 164,220 153,186 Total assets $ 5,768,097 $ 4,522,425 Liabilities and Equity Current liabilities: Accounts payable $ 27,021 $ 12,122 Accrued liabilities 265,244 222,991 Deferred revenue 236,608 246,901 Customer deposits 366,946 209,828 Operating lease liabilities 47,637 54,176 Total current liabilities 943,456 746,018 Deferred revenue, noncurrent 7,825 28,047 Customer deposits, noncurrent 3,681 1,477 Operating lease liabilities, noncurrent 207,278 175,216 Other noncurrent liabilities 14,495 10,702 Total liabilities 1,176,735 961,460 Commitments and Contingencies (Note 7) Stockholders' equity: Common stock, $ 0.001 par value: 20,000,000 Class A shares authorized as of September 30, 2024 and December 31, 2023; 2,172,437 and 2,096,982 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; 2,700,000 Class B shares authorized as of September 30, 2024 and December 31, 2023; 96,367 and 102,141 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; and 1,005 Class F shares authorized, issued, and outstanding as of September 30, 2024 and December 31, 2023 2,270 2,200 Additional paid-in capital 9,757,380 9,122,173 Accumulated other comprehensive income, net 4,925 801 Accumulated deficit ( 5,266,432 ) ( 5,649,613 ) Total stockholders' equity 4,498,143 3,475,561 Noncontrolling interests 93,219 85,404 Total equi