In This Article:
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Revenue Growth: 36% year over year in Q4; 29% for the full year 2024.
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US Business Revenue Growth: 52% year over year in Q4.
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US Commercial Revenue Growth: 64% year over year in Q4; 54% for the full year.
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US Government Revenue Growth: 45% year over year in Q4.
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Adjusted Operating Margin: 45% in Q4, the strongest in company history.
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Adjusted Free Cash Flow: $517 million in Q4; $1.25 billion for the full year, representing a 44% margin.
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Customer Count Growth: 43% year over year to 711 customers.
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Top 20 Customers Revenue: $65 million per customer, a 18% year over year increase.
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Commercial TCV Booked: $995 million in Q4, a 42% year over year growth.
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US Commercial TCV Booked: $803 million in Q4, a 134% year over year growth.
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International Government Revenue Growth: 28% year over year in Q4.
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Net Dollar Retention: 120%, an increase of 200 basis points from last quarter.
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Total Remaining Deal Value: $5.43 billion, a 40% year over year increase.
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Adjusted Gross Margin: 83% for Q4 and the full year.
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GAAP Net Income: $79 million in Q4; $462 million for the full year.
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GAAP Earnings Per Share: $0.03 in Q4; $0.19 for the full year.
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Adjusted Earnings Per Share: $0.14 in Q4; $0.41 for the full year.
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Cash and Equivalents: $5.2 billion at the end of Q4.
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Q1 2025 Revenue Guidance: $858 million to $862 million.
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Full Year 2025 Revenue Guidance: $3.741 billion to $3.757 billion.
Release Date: February 03, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Palantir Technologies Inc (NASDAQ:PLTR) reported a 36% year-over-year revenue growth in Q4 2024, exceeding prior guidance by over 900 basis points.
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The US business showed significant strength, with a 52% year-over-year growth in Q4, driven by both commercial and government sectors.
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Palantir Technologies Inc (NASDAQ:PLTR) achieved a Rule of 40 score of 81 in Q4, indicating strong revenue growth combined with profitability.
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The company closed $1.8 billion in total contract value (TCV) in Q4, marking a 56% increase year over year.
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Palantir Technologies Inc (NASDAQ:PLTR) reported an exceptional cash flow quarter with adjusted free cash flow of $517 million, representing a margin of 63%.
Negative Points
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International commercial revenue growth was relatively modest at 3% year over year in Q4.
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Revenue from strategic commercial contracts is expected to decline significantly in Q1 2025.
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The European market showed slower growth, with only 4% growth on 13% of the company's business.
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Palantir Technologies Inc (NASDAQ:PLTR) faces challenges in expanding its presence in Europe due to cultural and strategic differences.
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The company anticipates a more significant increase in expenses in 2025 as it invests in technical hires and product pipeline.