Palantir Technologies(US:PLTR)2025-05-05 22:15Revenue Growth - For the three months ended March 31, 2025, the company generated $883.9 million in revenue, reflecting a 39% growth rate from $634.3 million in the same period in 2024[110] - Total revenue for the three months ended March 31, 2025, was $883.9 million, an increase of $249.5 million or 39% compared to $634.3 million in the same period in 2024[160] - Revenue from government customers increased by $151.6 million, or 45%, reaching $487.0 million, while revenue from commercial customers rose by $97.9 million, or 33%, totaling $396.9 million[160] Profitability - The company's income from operations for the three months ended March 31, 2025, was $176.0 million, or $390.7 million when adjusted for stock-based compensation[110] - Adjusted income from operations for the three months ended March 31, 2025, was $390.7 million, compared to $226.5 million in 2024, reflecting an adjusted operating margin of 44% versus 36%[141] - Net income attributable to common stockholders for the three months ended March 31, 2025, was $214.0 million, compared to $105.5 million in 2024, representing a significant increase[159] Gross Profit and Margins - Gross profit for the three months ended March 31, 2025, was $710.9 million, with a gross margin of 80%, compared to $518.1 million and a gross margin of 82% in the same period in 2024[112] - Gross profit for the three months ended March 31, 2025, was $710.9 million, up from $518.1 million in 2024, resulting in a gross margin of 80%, down from 82%[162] Customer Base - The company had 769 customers as of March 31, 2025, up from 554 customers a year earlier, indicating a significant increase in customer base[114] - Average revenue from the top twenty customers grew 26% to $69.9 million during the trailing twelve months ended March 31, 2025, compared to $55.5 million in the prior year[116] - 71% of the company's revenue for the three months ended March 31, 2025, came from U.S. customers, totaling $2.1 billion in revenue from U.S. customers over the trailing twelve months, a 47% increase from the previous period[118] - 55% of the company's revenue in the three months ended March 31, 2025, was derived from government customers, while 45% came from commercial customers[117] Operating Expenses - Total operating expenses increased to $534.8 million for the three months ended March 31, 2025, a rise of 22% from $437.2 million in 2024[165] - Sales and marketing expenses rose by $43.1 million, or 22%, primarily due to increases in stock-based compensation and payroll-related costs[166] - Research and development expenses increased to $134.9 million, a 23% increase from $110.0 million in 2024, as the company continues to invest in platform development[165] - General and administrative expenses also increased by 22% to $163.6 million, reflecting the company's growth and compliance needs[165] - Research and development expenses increased by $24.8 million, or 23%, for the three months ended March 31, 2025 compared to the same period in 2024[168] - General and administrative expenses increased by $29.7 million, or 22%, for the three months ended March 31, 2025 compared to the same period in 2024[170] - Total stock-based compensation expense increased by $29.7 million, or 24%, for the three months ended March 31, 2025 compared to the same period in 2024[172] Cash Flow and Investments - Net cash provided by operating activities was $310.3 million for the three months ended March 31, 2025, compared to $129.6 million for the same period in 2024[182] - Net cash used in investing activities was $1.4 billion for the three months ended March 31, 2025, compared to $511.2 million for the same period in 2024[183] - Cash, cash equivalents, and short-term U.S. Treasury securities totaled $5.4 billion as of March 31, 2025[177] - The company repurchased 0.2 million shares of Class A common stock for an aggregate amount of $18.0 million under the Share Repurchase Program[179] Economic Outlook - The company expects continued growth in revenue and operating expenses as it invests in customer acquisition and product development[149] - The company continuously monitors macroeconomic trends and geopolitical tensions, which could impact customer operations and revenue growth[122][124]