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Palantir | 10-K: Annual report

SEC announcement ·  Feb 20 06:18
Summary by Moomoo AI
Palantir, a leading software company, reported a significant financial performance for the fiscal year ended December 31, 2023. The company generated $2.2 billion in revenue, marking a 17% increase from the previous year's $1.9 billion. Operating income for 2023 was $120.0 million, a substantial improvement from the 2022 operating loss of $161.2 million. Gross profit for the year was $1.8 billion, with a gross margin of 81%, up from 79% in 2022. The company's customer base grew to 497, including various commercial sectors and government agencies, up from 367 in the previous year. Palantir's software platforms, Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP), have been instrumental in this growth. The AIP, launched in 2023, integrates machine learning technologies with large language models to enhance decision-making capabilities for customers. Palantir's...Show More
Palantir, a leading software company, reported a significant financial performance for the fiscal year ended December 31, 2023. The company generated $2.2 billion in revenue, marking a 17% increase from the previous year's $1.9 billion. Operating income for 2023 was $120.0 million, a substantial improvement from the 2022 operating loss of $161.2 million. Gross profit for the year was $1.8 billion, with a gross margin of 81%, up from 79% in 2022. The company's customer base grew to 497, including various commercial sectors and government agencies, up from 367 in the previous year. Palantir's software platforms, Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP), have been instrumental in this growth. The AIP, launched in 2023, integrates machine learning technologies with large language models to enhance decision-making capabilities for customers. Palantir's future plans include expanding market access for its software platforms, identifying potential commercial offerings within these platforms, and evaluating partnerships and investment opportunities to broaden its product and service offerings. The company's total remaining deal value as of December 31, 2023, was $3.9 billion, a 5% increase from the previous year. Palantir's strategic relationships and long-term contracts with customers reflect its commitment to delivering significant outcomes over time. Despite macroeconomic uncertainties and geopolitical tensions, Palantir anticipates continued growth and expansion in both commercial and government sectors.

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