3 charts that show Palantir's astronomical growth over the last five years

Core Viewpoint - Palantir Technologies has experienced a remarkable growth trajectory since its public listing in 2020, with a valuation surpassing $430 billion and a stock price increase of over 1,700% in nearly five years [2][3]. Financial Performance - Palantir reported its first quarter with revenue exceeding $1 billion, marking a significant milestone for the company [3][10]. - The company's U.S. government revenue grew by 53% to $426 million, accounting for 55% of total revenue, while commercial revenue in the U.S. surged by 93% [5][8]. - Over the past five years, U.S. revenues have increased nearly fivefold from $156 million to approximately $733 million, while international revenues have doubled from about $133 million to $271 million [8]. Market Position - Palantir's market capitalization has rapidly increased, positioning it among the top 10 U.S. tech firms and top 20 most valuable U.S. companies, despite generating a fraction of the revenue compared to its peers [10]. - The company's forward price-to-earnings (PE) ratio has surged past 280 times, indicating high growth expectations from investors [10][11]. Government Contracts - Government contracts have been a significant growth driver for Palantir, with a recent contract worth up to $10 billion for data and software to enhance military efficiencies [6][7]. - The U.S. currently represents about three-quarters of Palantir's total revenues, highlighting the importance of government contracts to its business model [8]. Investor Sentiment - Retail investors have played a crucial role in Palantir's stock performance, with $1.2 billion invested in the stock last month [3]. - The company's CEO, Alex Karp, expressed confidence in the company's growth and the value of its offerings, emphasizing the competitive advantage of American corporations [7][12].