10-Q Filing

PALANTIR TECHNOLOGIES INC. CIK: 1321655 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001321655-22-000006`
Period End Date	20220331
Filing Date	20220509
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	pltr-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 36 Cash Flow Statement 64 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.34B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.29B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$37.11M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$33.80M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$36.63M	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
Accounts receivable	`AccountsReceivableNetCurrent`	$190.92M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$256.55M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.05B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$252.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.03B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$234.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$115.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.03B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$110.87M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.05B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.93B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.86B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.30M	USD	Point-in-time
Restricted cash, noncurrent	`RestrictedCashNoncurrent`	$29.22M	USD	Point-in-time
Restricted cash, noncurrent	`RestrictedCashNoncurrent`	$39.61M	USD	Point-in-time
Restricted cash, noncurrent	`RestrictedCashNoncurrent`	$71.93M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$216.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$224.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$96.39M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$95.83M	USD	Point-in-time
Total assets	`Assets`	$3.32B	USD	Point-in-time
Total assets	`Assets`	$3.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$150.18M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$155.81M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$218.52M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$227.82M	USD	Point-in-time
Customer deposits	`CustomerDepositCurrent`	$232.91M	USD	Point-in-time
Customer deposits	`CustomerDepositCurrent`	$161.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$39.93M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$40.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$669.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$660.06M	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$40.22M	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$33.24M	USD	Point-in-time
Customer deposits, noncurrent	`CustomerDepositNoncurrent`	$22.28M	USD	Point-in-time
Customer deposits, noncurrent	`CustomerDepositNoncurrent`	$33.70M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$227.62M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$220.15M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.19M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$956.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$954.43M	USD	Point-in-time
Commitments and Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value	`CommonStockValue`	$2.03M	USD	Point-in-time
Common stock, $0.001 par value	`CommonStockValue`	$2.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.78B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.95B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.59B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.49B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.29B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.36B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.25B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.32B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$446.36M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$341.23M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$94.40M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$74.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$267.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$351.95M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$136.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$160.49M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$98.47M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$88.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$142.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$146.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$391.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$381.14M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-39.44M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-114.01M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$376.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$547.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.84M	USD	1 Quarter
Interest expense	`InterestExpense`	$594.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.89M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-59.87M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.37M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-99.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.02M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-101.38M	USD	1 Quarter
Net loss per share attributable to common stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Net loss per share attributable to common stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Net loss per share attributable to common stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Net loss per share attributable to common stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.82B	shares	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.04B	shares	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.82B	shares	1 Quarter
Weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.04B	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-101.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.31M	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`	$149.32M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Non-cash operating lease expense	`NoncashOperatingLeaseCost`	$6.48M	USD	1 Quarter
Non-cash operating lease expense	`NoncashOperatingLeaseCost`	$10.14M	USD	1 Quarter
Unrealized and realized (gain) loss from marketable securities, net	`MarketableSecuritiesGainLoss`	$-62.84M	USD	1 Quarter
Unrealized and realized (gain) loss from marketable securities, net	`MarketableSecuritiesGainLoss`	-	USD	1 Quarter
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$-2.75M	USD	1 Quarter
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$771.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.87M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.48M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.32M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$6.71M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-47.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$51.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$44.49M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.33M	USD	1 Quarter
Deferred revenue, current and noncurrent	`IncreaseDecreaseInDeferredRevenue`	$-16.34M	USD	1 Quarter
Deferred revenue, current and noncurrent	`IncreaseDecreaseInDeferredRevenue`	$-11.95M	USD	1 Quarter
Customer deposits, current and noncurrent	`IncreaseDecreaseInContractWithCustomerLiability`	$20.82M	USD	1 Quarter
Customer deposits, current and noncurrent	`IncreaseDecreaseInContractWithCustomerLiability`	$59.82M	USD	1 Quarter
Operating lease liabilities, current and noncurrent	`IncreaseDecreaseInOperatingLeaseLiabilityCurrentAndNoncurrent`	$-7.13M	USD	1 Quarter
Operating lease liabilities, current and noncurrent	`IncreaseDecreaseInOperatingLeaseLiabilityCurrentAndNoncurrent`	$-10.39M	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.00K	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-75.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.88M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.48M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$708.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.21M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$89.50M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	-	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$8.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.47M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-708.00K	USD	1 Quarter
Proceeds from the exercise of common stock options	`ProceedsFromStockOptionsExercised`	$208.86M	USD	1 Quarter
Proceeds from the exercise of common stock options	`ProceedsFromStockOptionsExercised`	$27.23M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$16.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.51M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.24M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$206.35M	USD	1 Quarter
Effect of foreign exchange on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.20M	USD	1 Quarter
Effect of foreign exchange on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-727.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-34.48M	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`	$2.37B	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`	$2.33B	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 - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37B	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`	$2.33B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13B	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$878.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$659.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.66M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$1.81B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.29B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.36B	USD	Point-in-time
Issuance of common stock from the exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	6.65M	shares	1 Quarter
Issuance of common stock from the exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$27.23M	USD	1 Quarter
Issuance of common stock from the exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$208.86M	USD	1 Quarter
Issuance of common stock upon vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of common stock upon vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of common stock upon vesting of growth units	`StockIssuedDuringPeriodValueGrowthUnitsVested`	-	USD	1 Quarter
Issuance of common stock upon net exercise of common stock warrants	`IssuanceOfCommonStockUponNetExerciseOfCommonStockWarrantsAndOtherValue`	-	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$149.56M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$194.40M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.70M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-101.38M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$1.81B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.29B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.36B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-123.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-101.38M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.61M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-119.86M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-103.07M	USD	1 Quarter

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