Palantir Technologies Inc.
CorpDigest
Palantir Technologies Inc.
Financial Performance
Last reviewed: June 2026 · By Swet Parvadiya
Revenue
$2.87B
Market Cap
$170.0B
Net Income
$462M
Employees
3,661
Total FY2024 revenue hit approximately 2.87 billion dollars, up roughly 29 percent from 2023, and the company posted its first full year of GAAP profitability, with net income of approximately 462 million dollars. FY2024 revenue reached approximately 2.87 billion dollars, up 29 percent year-over-year, with the company posting its first full year of GAAP net income of roughly 462 million dollars. Palantir's adjusted gross margin was approximately 80 percent in FY2024, consistent with best-in-class enterprise software companies. FY2024 marked the first full year of GAAP profitability, with net income of approximately 462 million dollars on revenue of 2.87 billion dollars. The company also generated approximately 1.15 billion dollars in adjusted free cash flow in FY2024, reflecting the capital-light nature of the software business once the initial integration costs of a customer deployment are absorbed. Palantir Technologies Inc. Is a Data Analytics & Artificial Intelligence Software company with $2.87B in 2024 revenue and 4K employees worldwide. FY2024 was defining: revenue reached approximately 2.87 billion dollars, representing approximately 29 percent growth, and net income of approximately 462 million dollars made FY2024 the first full year of GAAP profitability. Adjusted free cash flow of approximately 1.15 billion dollars demonstrated the unit economics improving as the business scaled.
Revenue Trend Analysis
YoY Change
+28.8%
4-Year CAGR
+27.3%
Peak Year
2024
Trend
Consistent Growth
Palantir Technologies Inc. has reported revenue across 5 fiscal years, compounding at +27.3% annually over 4 years. The most recent year saw a 28.8% increase versus the prior year. Revenue peaked in 2024 at $2.9B. Out of 4 reported periods, 4 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $2.9B | $462M | +28.8% |
| FY2023 | $2.2B | — | +16.9% |
| FY2022 | $1.9B | — | +23.6% |
| FY2021 | $1.5B | — | +41.1% |
| FY2020 | $1.1B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.