PLTR Latest Report

Performance Review

Palantir Technologies Inc. recorded an operating revenue of RMB827,519,000 as of December 31, 2024, up 36.00% from RMB608,350,000 as of December 31, 2023. This growth reflects the company's improvement in market demand and sales capabilities.

Key Financial Data

1. Palantir's operating revenue increased from RMB608,350,000 in 2023 to RMB827,519,000 in 2024, up 36.00%.

2. The company had 629 customers in Q3 2024, up 39% YoY and 6% QoQ.

3. Palantir completed 104 deals of at least US$1 million in 2024, including 16 contracts of at least US$10 million.

4. Palantir launched its AI platform (AIP) in June 2023, enhancing user experience and data governance capabilities.

5. Palantir's government business achieved revenue of US$1.114 billion in the first three quarters of 2024, up 24.05% YoY; its commercial revenue was US$924 million, up 28.69% YoY.

Peer Comparison

1. Industry-wide analysis: The overall data analytics and artificial intelligence industry is showing a growth trend, with many companies in this field reporting strong revenue growth. The increasing demand for data-driven decision-making has created a favorable market environment for Palantir.

2. Peer evaluation analysis: Palantir's revenue growth is outstanding, with a 36.00% increase showing its effective strategies in acquiring customers and market share, far exceeding the industry average, demonstrating the company's competitiveness.

Summary

Palantir's operating revenue grew significantly in 2024, mainly due to increased market demand, expanded customer base, and product innovation. The overall industry growth also provided a backdrop for Palantir's performance improvement.

Opportunities

1. The continuously improving market demand provides Palantir with a good opportunity to expand its business.

2. The launch of new products and technological innovations will attract more customers and enhance market competitiveness.

3. The strengthening of cooperation with the government and military may bring more high-value contract opportunities.

4. The overall growth of the data analytics industry provides a foundation for Palantir to expand its market share.

Risks

1. Intensified competition may affect Palantir's customer acquisition and revenue growth.

2. Economic fluctuations may lead to a decrease in corporate spending, putting pressure on the company's revenue.

3. The speed of product updates and technological iterations may affect the company's leadership in the industry.

4. Uncertainty in government contracts may pose a risk to Palantir's business stability.