FINHUB Insights

Palantir Technologies Q3 FY24: where the revenue came from and where it went

The whole income statement of Palantir Technologies for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Jul 1 – Sep 30, 2024
Reported
Nov 5, 2024 10-Q accession 0001321655-24-000209

Revenue$0.73B +30% year over year
Gross profit$0.58B 80% margin
Operating profit$0.11B 16% margin
Net profit$0.14B 20% margin

Net profit is larger than what operations earned, because the statement adds $0.04B below it, under Other income, net.

Sankey diagram of Palantir Technologies' income statement for Q3 FY24: revenue of $0.73 billion splits into segments and flows out into costs, taxes and net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
ItemValueShare of revenueYear over year
Revenue 0.73 100% +30%
Government operating 0.41 56% +33%
Commercial 0.32 44% +27%
Cost of revenue−0.1520%
Gross profit0.5880% margin−1pp
R&D−0.1216%−3pp
Sales & marketing−0.2129%−3pp
G&A−0.1419%−4pp
Operating profit0.1116% margin+8pp
Other income, net0.04
Tax−0.01
Net profit0.14 20% margin+7pp

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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