10-Q Filing

PALANTIR TECHNOLOGIES INC. CIK: 1321655 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-159222`
Period End Date	20210331
Filing Date	20210512
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	pltr-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 37 Cash Flow Statement 58 Stockholders Equity 19 Comprehensive Income 6

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.34B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$37.11M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$65.80M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$37.28M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$151.40M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$156.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$61.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$51.89M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.26B	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.59B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.38M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00B	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00B	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.54M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash, noncurrent	`RestrictedCashNoncurrent`	$237.30M	USD	Point-in-time
Restricted cash, noncurrent	`RestrictedCashNoncurrent`	$79.54M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash, noncurrent	`RestrictedCashNoncurrent`	$71.93M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$213.33M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$217.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$106.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$111.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	22.70B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	22.70B	shares	Point-in-time
Total assets	`Assets`	$2.69B	USD	Point-in-time
Total assets	`Assets`	$3.01B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.86B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.79B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.86B	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$158.55M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$181.60M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$186.50M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$189.52M	USD	Point-in-time
Customer deposits	`CustomerDepositCurrent`	$250.18M	USD	Point-in-time
Customer deposits	`CustomerDepositCurrent`	$210.32M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$29.08M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$32.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$603.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$667.63M	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$50.52M	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$45.00M	USD	Point-in-time
Customer deposits, noncurrent	`CustomerDepositNoncurrent`	$81.51M	USD	Point-in-time
Customer deposits, noncurrent	`CustomerDepositNoncurrent`	$70.77M	USD	Point-in-time
Debt, noncurrent, net	`LongTermDebtNoncurrent`	$198.19M	USD	Point-in-time
Debt, noncurrent, net	`LongTermDebtNoncurrent`	$197.98M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$229.80M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$222.43M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.32M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21B	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$1.86M	USD	Point-in-time
Common stock	`CommonStockValue`	$1.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.89B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.49B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$865.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.97B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.09B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.69B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.01B	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$229.33M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$341.23M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$64.29M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$74.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$165.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$267.12M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$98.65M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$136.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$65.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$98.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$70.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$146.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$381.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$235.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-70.19M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-114.01M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.27M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$376.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.84M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.59M	USD	1 Quarter
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-13.70M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.89M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$6.10M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-51.72M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-54.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Net loss per share attributable to common stockholders, basic	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Net loss per share attributable to common stockholders, basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Net loss per share attributable to common stockholders, diluted	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Net loss per share attributable to common stockholders, diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	591.85M	shares	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.82B	shares	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	594.36M	shares	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.82B	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-54.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$193.73M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$54.11M	USD	1 Quarter
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-13.70M	USD	1 Quarter
Non-cash operating lease expense	`NoncashOperatingLeaseCost`	$10.16M	USD	1 Quarter
Non-cash operating lease expense	`NoncashOperatingLeaseCost`	$6.48M	USD	1 Quarter
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$514.00K	USD	1 Quarter
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$771.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.48M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$51.40M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.97M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$8.40M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$4.87M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-40.79M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$51.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$44.49M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-39.37M	USD	1 Quarter
Deferred revenue, current and noncurrent	`IncreaseDecreaseInDeferredRevenue`	$8.60M	USD	1 Quarter
Deferred revenue, current and noncurrent	`IncreaseDecreaseInDeferredRevenue`	$-11.95M	USD	1 Quarter
Customer deposits, current and noncurrent	`IncreaseDecreaseInContractWithCustomerLiability`	$-132.08M	USD	1 Quarter
Customer deposits, current and noncurrent	`IncreaseDecreaseInContractWithCustomerLiability`	$20.82M	USD	1 Quarter
Operating lease liabilities, current and noncurrent	`IncreaseDecreaseInOperatingLeaseLiabilityCurrentAndNoncurrent`	$-16.25M	USD	1 Quarter
Operating lease liabilities, current and noncurrent	`IncreaseDecreaseInOperatingLeaseLiabilityCurrentAndNoncurrent`	$-7.13M	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.88M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-287.18M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$708.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-708.00K	USD	1 Quarter
Proceeds from the exercise of common stock options	`ProceedsFromStockOptionsExercised`	$6.71M	USD	1 Quarter
Proceeds from the exercise of common stock options	`ProceedsFromStockOptionsExercised`	$208.86M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.78M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-439.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.51M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$206.35M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.49M	USD	1 Quarter
Effect of foreign exchange on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.63M	USD	1 Quarter
Effect of foreign exchange on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.20M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-289.33M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$320.33M	USD	1 Quarter
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.40B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.11B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.40B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.11B	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$878.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$7.67M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.77M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.66M	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning period	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Balance at beginning period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balance at beginning period	`StockholdersEquity`	$1.81B	USD	Point-in-time
Balance at beginning period	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Repurchase of common stock, held in treasury	`TreasuryStockValueAcquiredCostMethod`	$3.78M	USD	1 Quarter
Issuance of common stock from the exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.71M	USD	1 Quarter
Issuance of common stock from the exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$208.86M	USD	1 Quarter
Issuance of common stock from the exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	55.30M	shares	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.61M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.03M	USD	1 Quarter
Issuance of common stock upon settlement of restricted stock units ("RSUs")	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$194.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-54.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.81B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-1.98B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-54.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.61M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.03M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-53.25M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-119.86M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.