Mizuho's Gregg Moskowitz on Palantir earnings: Pretty remarkable growth given revenue totals

Financial Performance - Palantir surpassed $1 billion in quarterly revenue for the first time [1] - Palantir's revenue grew 48% year-over-year, beating guidance by 7 percentage points [3] - Palantir's annualized revenue is at $4 billion [4] - Palantir's top 20 customers are spending an average of $75 million per year [5] - Palantir's US commercial business revised guidance from at least 54% revenue growth to at least 85% revenue growth [5] Valuation and Market Position - Palantir is trading at approximately 80 times next year's revenue [6] - Palantir is trading at a 6x premium compared to a basket of high-growth software companies trading at 12 to 13 times [7] - Palantir is trading at a 3x premium compared to Cloudflare, the next highest multiple stock [7] - Palantir's rule of 40 is over 90, roughly 2x better than best-in-class software companies [8][9] Government Contracts - The US Army might purchase up to $10 billion in services from Palantir over a decade, representing a cap on spending [10][11][12] Business Growth Drivers - There has been a significant increase in inbound inquiries from enterprises about Palantir's capabilities and use cases [14]