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Palantir Technologies Inc. (PLTR) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

Palantir Technologies Inc.

CIK: 1321655 Ticker: PLTR

Exhibit 99.1

Palantir Reports Revenue Growth of 41% for FY 2021, US Commercial Revenue up 102% Y/Y in FY 2021

2/17/2022

DENVER — (BUSINESS WIRE) — Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the fourth quarter and fiscal year ended December 31, 2021.

Q4 2021 Highlights

 

   

Total revenue grew 34% year-over-year to $433 million

 

   

Commercial revenue grew 47% year-over-year

 

   

US commercial revenue grew 132% year-over-year

 

   

Government revenue grew 26% year-over-year

 

   

Added 34 net new customers in Q4 2021

 

   

Loss from operations of $(59) million, representing a margin of (14)%, up 3500 basis points year-over-year and 900 basis points sequentially

 

   

Adjusted income from operations of $124 million, representing a margin of 29%

 

   

Cash from operations of $93 million, representing a 22% margin

 

   

Adjusted free cash flow of $104 million, representing a 24% margin

 

   

Closed 64 deals of $1 million or more, of which:

 

   

27 deals are $5 million or more

 

   

19 deals are $10 million or more

 

   

GAAP net loss per share, diluted of $(0.08)

 

   

Adjusted net earnings per share, diluted of $0.02

FY 2021 Highlights

 

   

Total revenue grew 41% year-over-year to $1.54 billion

 

   

US revenue grew 53% year-over-year to $879 million

 

   

Commercial revenue grew 34% year-over year to $645 million

 

   

US commercial revenue grew 102% year-over-year

 

   

Government revenue grew 47% to $897 million

 

   

Commercial customer count tripled to 147 customers year-over-year

 

   

US commercial customer count increased 4.7x to 80 customers year-over-year

 

   

Total net dollar retention of 131%

 

   

US commercial net dollar retention of 150%

 

   

Government net dollar retention of 146%

 

   

Cash from operations of $334 million, representing a 22% margin

 

   

Adjusted free cash flow of $424 million, representing a 28% margin


The following information was filed by Palantir Technologies Inc. (PLTR) on Thursday, February 17, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Palantir Technologies Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Redeemable Convertible And Convertible Preferred Stock And Stockholders' Equity (Deficit)
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Additional Information (Detail)
Balance Sheet Components - Schedule Of Accrued Liabilities (Detail)
Balance Sheet Components - Schedule Of Property And Equipment, Net (Detail)
Commitments And Contingencies
Commitments And Contingencies - Summary Of Investment Commitments (Detail)
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Contract Liabilities And Remaining Performance Obligations
Contract Liabilities And Remaining Performance Obligations - Additional Information (Detail)
Debt
Debt - Additional Information (Detail)
Equity Method Investments
Equity Method Investments - Additional Information (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Summary Of Loss Before Provision For (Benefit From) Income Taxes (Detail)
Income Taxes - Summary Of Provision For (Benefit From) Income Taxes (Detail)
Income Taxes - Summary Of Reconciliation Of Effective Income Tax Rate (Detail)
Income Taxes - Summary Of Reconciliation Of The Gross Unrecognized Tax Benefits (Detail)
Income Taxes - Summary Of Significant Deferred Tax Assets And Liabilities (Detail)
Investments And Fair Value Measurements
Investments And Fair Value Measurements (Tables)
Investments And Fair Value Measurements - Additional Information (Detail)
Investments And Fair Value Measurements - Summary Of Assets And Liabilities That Are Measured At Fair Value On A Recurring And Nonrecurring Basis (Detail)
Investments And Fair Value Measurements - Summary Of The Investments Purchased Under Such Investment Agreements (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Maturities Of Operating Lease Liabilities (Detail)
Leases - Summary Balance Sheet Information Relating To Leases (Detail)
Leases - Summary Of Operating Lease Cost (Detail)
Leases - Summary Of Supplemental Cash Flow Information Related To Operating Leases (Detail)
Net Loss Per Share Attributable To Common Stockholders
Net Loss Per Share Attributable To Common Stockholders (Tables)
Net Loss Per Share Attributable To Common Stockholders - Summary Of Antidilutive Securities (Detail)
Net Loss Per Share Attributable To Common Stockholders - Summary Of Calculation Of Basic And Diluted Net Loss Per Share (Detail)
Organization
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Summary Of Financial Information For Each Reportable Segment (Detail)
Segment And Geographic Information - Summary Of Property And Equipment, Net By Geography (Detail)
Segment And Geographic Information - Summary Of Reconciliation Of Segment Financial Information To Loss From Operations (Detail)
Segment And Geographic Information - Summary Of Revenue By Geography (Detail)
Segment And Geographic Information - Summary Of Revenue By Geography (Parenthetical) (Detail)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Significant Accounting Policies - Additional Information (Detail)
Significant Accounting Policies - Schedule Of Cash And Cash Equivalents (Detail)
Stock Based Compensation - Summary Of Fair Value Assumptions Of Stock-Based Option Awards (Detail)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Detail)
Stock-Based Compensation - Summary Of Rsu Activity (Detail)
Stock-Based Compensation - Summary Of Stock Based Compensation Expense (Detail)
Stock-Based Compensation - Summary Of Stock Option Activity (Detail)
Stockholders' Equity (Deficit)
Stockholders' Equity (Deficit) (Tables)
Stockholders' Equity (Deficit) - Additional Information (Detail)
Stockholders' Equity (Deficit) - Summary Of Total Authorized, Issued, And Outstanding Shares (Detail)
Subsequent Event - Summary Of Investments Purchased (Detail)
Subsequent Events
Subsequent Events (Tables)
Subsequent Events - Additional Information (Detail)
Ticker: PLTR
CIK: 1321655
Form Type: 10-K Annual Report
Accession Number: 0001193125-22-050913
Submitted to the SEC: Thu Feb 24 2022 6:20:34 AM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Friday, December 31, 2021
Industry: Prepackaged Software

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