1 Impressive Stat That Highlights Just How Far Palantir's Business Has Come in a Decade

Core Viewpoint - Palantir Technologies has experienced significant growth and profitability, leveraging artificial intelligence through its AIP platform, which presents further growth opportunities for the company in the long term [1][8]. Financial Performance - Palantir reported a profit of $105.6 million in the last quarter, achieving a 17% profit margin and marking the sixth consecutive profitable period [4]. - The company's quarterly profits now exceed the annual revenue generated a decade ago, indicating substantial growth over the years [3]. - Year-over-year growth rates remain strong, with government revenue increasing by 16% and commercial revenue rising by 27%, contributing to an overall growth rate of 21% [6]. Growth Potential - The demand for the AIP platform is crucial for Palantir's future growth, with plans to expand its accessibility to businesses, government organizations, and academic institutions both domestically and internationally [8]. - For the current quarter, Palantir projects revenue between $649 million and $653 million, translating to a year-over-year growth rate of just over 22% [9]. Stock Performance - Since the beginning of 2023, Palantir's shares have surged by over 230%, recovering from a 65% decline in 2022, driven by the resurgence of tech stocks and the popularity of AI technologies like ChatGPT [10]. - The current valuation of Palantir at 65 times its estimated future earnings may be considered steep, leading some investors to evaluate other growth stock options [10][11].