Palantir Reports 49% Revenue Growth; $117M in Cash Flow from Operations, up $404M Y/Y; and $151M in Adj. Free Cash Flow, up $441M Y/Y for Q1 2021

About this update from Palantir Technologies Inc.

[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nPalantir Technologies Inc. (NYSE:PLTR) today announced financial results for the first quarter ended March 31, 2021.\n\nQ1 2021 Highlights\n\n\nTotal revenue grew 49% year-over-year to $341 million\n\n\nUS commercial revenue grew 72% year-over-year\n\n\nUS government revenue grew 83% year-over-year\n\n\nCash flow from operations of $117 million, up $404 million year-over-year, and representing a 34% margin\n\n\nAdjusted free cash flow of $151 million, up $441 million year-over-year, and representing a 44% margin\n\n\nGAAP net loss per share, diluted of $(0.07)\n\n\nAdjusted earnings per share, diluted of $0.04\n\n\n\n\nQ1 2021 Financial Summary\n\n\n\n\n\n\n\n(in thousands, except percentages and per share amounts)\n\n\n\n\nFirst Quarter 2021\n\n\n\n\n\n\n\nAmount\n\n\n\n\n\nRevenue\n\n\n\n\n$\n\n\n\n341,234\n\n\n\n \n\n\n\n\n\n\n\nYear-over-year growth\n\n\n\n\n \n\n\n\n49\n\n\n\n%\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\nAmount\n\n\n\n\nMargin\n\n\n\n\n\nLoss from Operations\n\n\n\n\n$\n\n\n\n(114,014\n\n\n\n)\n\n\n\n\n(33\n\n\n\n)%\n\n\n\n\n\nAdjusted Income from Operations\n\n\n\n\n$\n\n\n\n116,583\n\n\n\n \n\n\n\n\n34\n\n\n\n%\n\n\n\n\n\nCash Flow from Operations\n\n\n\n\n$\n\n\n\n116,881\n\n\n\n \n\n\n\n\n34\n\n\n\n%\n\n\n\n\n\nAdjusted Free Cash Flow\n\n\n\n\n$\n\n\n\n150,975\n\n\n\n \n\n\n\n\n44\n\n\n\n%\n\n\n\n\n\nNet Loss\n\n\n\n\n$\n\n\n\n(123,474\n\n\n\n)\n\n\n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n$\n\n\n\n82,651\n\n\n\n \n\n\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n$\n\n\n\n119,820\n\n\n\n \n\n\n\n\n\n\n\nGAAP Net Loss Per Share, Diluted\n\n\n\n\n$\n\n\n\n(0.07\n\n\n\n)\n\n\n\n\n\n\n\nAdjusted Earnings Per Share, Diluted\n\n\n\n\n$\n\n\n\n0.04\n\n\n\n \n\n\n\n\n\n\nOutlook \n\nFor Q2 2021, we expect:\n\n\n$360 million in revenue, representing year-over-year revenue growth of 43%.\n\n\nAdjusted operating margin of 23%.\n\n\nFor full year 2021, we expect:\n\n\nAdjusted free cash flow in excess of $150 million.\n\n\nPer long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect:\n\n\nAnnual revenue growth of 30% or greater for 2021 through 2025.\n\n\nEarnings Webcast\n\nA public webcast will be held at 6:00 a.m. MT / 8:00 a.m. ET today to discuss the results for our first quarter ended March 31, 2021 and financial outlook. The live public call can be accesse...

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