Palantir Reports 49% Revenue Growth; US Commercial Revenue Up 90% Y/Y

About this update from Palantir Technologies Inc.

[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nPalantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2021.\n\nQ2 2021 Highlights\n\n\nTotal revenue grew 49% year-over-year to $376 million\n\n\nUS commercial revenue grew 90% year-over-year\n\n\nClosed 62 deals of $1 million or more, of which:\n\n\n30 deals are $5 million or more\n\n\n21 deals are $10 million or more\n\n\n\n\n20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarter\n\n\nCommercial customer count increased 32% quarter-over-quarter\n\n\nCash flow from operations of $23 million, representing a 6% margin\n\n\nAdjusted free cash flow of $50 million, representing a 13% margin\n\n\nGAAP net loss per share, diluted of ($0.07)\n\n\nAdjusted earnings per share, diluted of $0.04\n\n\nH1 2021 Highlights\n\n\nTotal revenue grew 49% year-over-year to $717 million\n\n\nCommercial customer count increased 61% since December 31, 2020\n\n\nCash flow from operations of $140 million, representing a 19% margin\n\n\nAdjusted free cash flow of $201 million, representing a 28% margin\n\n\nQ2 2021 Financial Summary\n\n\n\n(in thousands, except percentages and per share amounts)\n\n\n\n\nSecond Quarter 2021\n\n\n\n\n\n \n\n\n\n\nAmount\n\n\n\n\n\nRevenue\n\n\n\n\n$\n\n\n\n375,642\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nYear-over-year growth\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\n\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 \n\n\n\nMargin\n\n\n\n\n\nLoss from Operations\n\n\n\n\n$\n\n\n\n(146,148\n\n\n\n)\n\n\n\n \n\n\n\n(39\n\n\n\n)%\n\n\n\n\n\nAdjusted Income from Operations\n\n\n\n\n$\n\n\n\n116,727\n\n\n\n \n\n\n\n \n\n\n\n31\n\n\n\n%\n\n\n\n\n\nCash Flow from Operations\n\n\n\n\n$\n\n\n\n22,750\n\n\n\n \n\n\n\n \n\n\n\n6\n\n\n\n%\n\n\n\n\n\nAdjusted Free Cash Flow\n\n\n\n\n$\n\n\n\n49,823\n\n\n\n \n\n\n\n \n\n\n\n13\n\n\n\n%\n\n\n\n\n\nNet Loss\n\n\n\n\n$\n\n\n\n(138,580\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n$\n\n\n\n97,955\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n$\n\n\n\n121,489\n\n\n\n \n\n\n\n \n\n\n\n32\n\n\n\n%\n\n\n\n\n\nGAAP Net Loss Per Share, Diluted\n\n\n\n\n$\n\n\n\n(0.07\n\n\n\n)\n\n\n\n \n\n\n\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\n\n \n\n\n\n\nOutlook \n\nFor Q3 2021, w...

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