Palantir Reports Its First Quarter of Positive GAAP Net Income, GAAP EPS of $0.01 in Q4 2022

About this update from Palantir Technologies Inc.

[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nPalantir Technologies Inc. (NYSE:PLTR) today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.\n\n“With this result, Palantir is profitable. This is a significant moment for us and our supporters,” said Alex Karp, co-founder and chief executive officer of Palantir Technologies.\n\nQ4 2022 Highlights\n\n\nGAAP net income of $31 million\n\n\nThis marks our first quarter of positive GAAP net income\n\n\n\n\nGAAP earnings per share of $0.01\n\n\nAdjusted earnings per share of $0.04\n\n\nTotal revenue grew 18% year-over-year to $509 million\n\n\nUS revenue grew 19% year-over-year to $302 million\n\n\n\n\nCommercial revenue grew 11% year-over-year to $215 million\n\n\nUS commercial revenue grew 12% year-over-year to $77 million\n\n\n\n\nGovernment revenue grew 23% year-over-year to $293 million\n\n\nUS government revenue grew 22% year-over-year to $225 million\n\n\n\n\nCustomer count grew 55% year-over-year and 9% quarter-over-quarter\n\n\nUS commercial customer count increased 79% year-over-year, from 80 customers in Q4 2021 to 143 customers in Q4 2022\n\n\n\n\nLoss from operations of $(18) million, representing a margin of (4)%, up 1,000 basis points year-over-year\n\n\nAdjusted income from operations of $114 million, representing a margin of 22%\n\n\nCash from operations of $79 million, representing a 15% margin\n\n\nAdjusted free cash flow of $76 million, representing a 15% margin\n\n\nFY 2022 Highlights\n\n\nTotal revenue grew 24% year-over-year to $1.91 billion\n\n\nUS revenue grew 32% year-over-year to $1.16 billion\n\n\n\n\nCommercial revenue grew 29% year-over-year to $834 million\n\n\nUS commercial revenue grew 67% year-over-year to $335 million\n\n\n\n\nGovernment revenue grew 19% year-over-year to $1.07 billion\n\n\nUS government revenue grew 22% year-over-year to $826 million\n\n\n\n\nLoss from operations of $(161) million, representing a margin of (8)%, up 1,900 basis points year-over-year\n\n\nAdjusted income from operations of $421 million, representing a margin of 22%\n\n\nCash from operations of $224 million, representing a 12% margin\n\n\nAdjusted free cash flow of $203 million, representing a 11% margin\n\n\n\n\nQ4 and FY 2022 Financial Summary\n\n\n(Unaudited)\n\n\n\n\n\n\n\n \n\n\n\n(Amounts in thousands, except percentages and per share amount...

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