On May 6, 2024, Palantir Technologies Inc. reported its financial results for the first quarter ended March 31, 2024. The company announced a 21% year-over-year revenue growth, reaching $634 million, and a GAAP net income of $106 million, which translates to a 17% margin. This marks Palantir's sixth consecutive quarter of GAAP profitability, with a GAAP EPS of $0.04. The U.S. commercial sector was a significant contributor to this growth, with revenue increasing by 40% year-over-year to $150 million. Palantir also posted a 42% year-over-year growth in customer count. Adjusted income from operations was reported at $226 million, representing a 36% margin. The company's cash, cash equivalents, and short-term U.S. treasury securities stood at $3.9 billion. Looking ahead, Palantir raised its full-year 2024 revenue guidance to between $2.677 – $2.689 billion and expects continued GAAP operating income and net income in each quarter of the year.

On May 6, 2024, Palantir Technologies Inc. reported its financial results for the first quarter ended March 31, 2024. The company announced a 21% year-over-year revenue growth, reaching $634 million, and a GAAP net income of $106 million, which translates to a 17% margin. This marks Palantir's sixth consecutive quarter of GAAP profitability, with a GAAP EPS of $0.04. The U.S. commercial sector was a significant contributor to this growth, with revenue increasing by 40% year-over-year to $150 million. Palantir also posted a 42% year-over-year growth in customer count. Adjusted income from operations was reported at $226 million, representing a 36% margin. The company's cash, cash equivalents, and short-term U.S. treasury securities stood at $3.9 billion. Looking ahead, Palantir raised its full-year 2024 revenue guidance to between $2.677 – $2.689 billion and expects continued GAAP operating income and net income in each quarter of the year.